“The pumping of Ukraine by NATO countries with weapons, the training of its troops to use Western equipment, the dispatch of mercenaries and the conduct of exercises by the countries of the Alliance near our borders increase the likelihood of a direct and open conflict between NATO and Russia instead Read more…
A Google Recession As we reported yesterday, the new market regime where yields are now falling alongside stocks, suggests that consensus shifting away from stagflation and toward a pure recession (one where the Fed will have to cut rates/launch QE much sooner than expected), aligning with what was then the Read more…
Boeing Tumbles After FAA Rejects 787 Certification The US Federal Aviation Administration has reportedly told Boeing that the documentation it submitted to win approval to resume 787 deliveries to airlines is incomplete. Reuters' Eric Johnson and David Shepardson report that the FAA identified a number of omissions in Boeing's documentation, Read more…
The differing experience of the UK and the US in the 1970s illustrates this. Both countries faced the same inflationary shocks, such as the Arab oil embargo in 1973, the Iranian Revolution in 1979, and the de-linking of their currencies (the dollar broke with gold in 1971, and sterling broke Read more…
Rare Haboob Rips Through Northern Plains Parts of the Northern Plains experienced a rare weather phenomenon on Thursday evening called a “haboob.” A haboob is a dust storm commonly seen in deserts, though one was spotted sweeping across parts of Iowa, South Dakota, and Minnesota. While the Northern Plains doesn't Read more…
This is another important difference between a network like Terra and Bitcoin: while in the former a minority of entities that can vote on things like halting the network, Bitcoin's true decentralization makes it immune to the whims of any specific group. Terra grew in awareness among the Bitcoin community Read more…
investors UW stocks) BofA FMS bond AA net -68%…no…lows require investors to close their UW bond allocation BofA GWIM private client equity AA 63%…no…prior lows saw equity allocations pullback to at least 56% Equity inflow unwind…no…for every $100 inflows past few weeks we have seen just $4 redemptions vs >$50 Read more…