Yields Hit Session High After Ugly, Tailing 30Y Auction After two stellar refunding auctions to start the week, moments ago the Treasury concluded the sale of its quarterly refunding week with the sale of $21BN in 30 year paper. Surprisingly – after a solid 3Y and fantastic 10Y sale earlier Read more…
“A Rage Of Unwinds” – As Stocks Soar, Nomura Is Worried About This Forward Scenario Today's PPI reaction on top of yesterday's CPI impact was simply about cutting the odds of the inflation “left tail” scenario and the negative implications that more upside inflation surprises would have had on further Read more…
SEC Probing Melvin Capital Disclosures After his catastrophic 2021 performance, when he lost billions to an army of short-squeezing retail apes, and just as gruesome returns in 2022, which prompted Melvin Capital's Gabriel Plotkin to try a desperation Hail Mary attempt to strip the high water mark from his fund Read more…
Epic Collapse Is Upon Us Authored by Charles Hugh Smith via OfTwoMinds blog, What's wrong with the world. It's especially bizarre in Germany, the largest economy of the region, which had just this year conclusively realized and admitted that its “green energy” policy was a complete bust, forcing them to Read more…
tweeted. We're currently experiencing a large outage in downtown Toronto and working together with @HydroOne to address it. Also spotted one traffic accident at Queen-Yonge. #toronto pic.twitter.com/8imb2bpQf4 – Emmy MW (エミ) (@emmylou_mw) August 11, 2022 Downtown Toronto has lost all power. Going home early today lol pic.twitter.com/LLqlq0tuyy – Shiala (@regretfulshiala) Read more…
Jobs and stock market tickers tell us nothing ahead of time. If you really want to know where the economy is headed, you look at inflation vs. GDP is also questionable, but for different reasons. GDP numbers are essentially an inflated fantasy designed by governments to misrepresent economic Read more…
As Bloomberg reports, “the Goerli test conducted late Wednesday New York time was a kind of dress-rehearsal for switching the Ethereum network from proof-of-work to a more energy-efficient proof-of-stake system. pic.twitter.com/0nYll6gImH – Tim Beiko | timbeiko.eth (@TimBeiko) August 11, 2022 The token rose as much as 4.1% on Thursday and Read more…
Counselor For Sex Offenders Defends “Minor-Attracted Persons” Authored by Paul Joseph Watson via Summit News, A counselor for sex offenders who works with the Pennsylvania Department of Corrections has stoked controversy after defending “minor attracted persons” and comparing pedophilia to a normal sexual preference. In a video posted to YouTube Read more…
AG Merrick Garland Makes Statement Following Trump Raid US Attorney General Merrick Garland will make a statement to the media at 2:30 pm ET on Thursday, following the FBI's Monday raid on Mar-a-Lago. Garland has found himself in the crosshairs of conservatives, who claim that the establishment has once again Read more…
JPMorgan Precious-Metal Traders Found Guilty Of Spoofing, Had 'Power To Manipulate The Global Price Of Gold' After a three-week trial and more than eight days of deliberations, Michael Nowak and Gregg Smith were found guilty Wednesday by a federal jury, convicted in Chicago on charges they manipulated markets for years. Read more…