Meta Pushes Airhead Influencers Over Actual News As Priorities Shift
Meta Pushes Airhead Influencers Over Actual News As Priorities Shift Facebook parent Meta is shifting away from current affairs and politics on its social media platforms, and will instead focus on short-form videos and content from influencers vs. news, the Financial Times reports. The decision comes after years of attempting to placate powerful publishers and […]
DeSantis Campaign Uses AI-Generated Images Of Trump Hugging, Kissing Fauci
DeSantis Campaign Uses AI-Generated Images Of Trump Hugging, Kissing Fauci With the ascent of artificial intelligence (AI), it’s increasingly difficult to separate fictional images from authentic ones. That makes AI a tempting tool for all sorts of dishonest characters — like politicians. One of them has already embraced AI’s truth-bending potential: Ron DeSantis’s presidential campaign […]
Will Very Narrow Breadth Lead To Broad Equity Upside?
Will Very Narrow Breadth Lead To Broad Equity Upside? Authored by Simon White, Bloomberg macro strategist, Extremely narrow breadth has historically led to further index upside. As discussed in my previous post, it is not inconceivable (but still unlikely) that the recent zeal for AI could avert a US recession. Whether it does or not is […]
Chinese Developers Resorting To “Negative Down Payment” Practices
Chinese Developers Resorting To “Negative Down Payment” Practices In its attempt to reboot China’s real estate property market bubble, which burst spectacularly in late 2021 when most housing developers blew up in the aftermath of Evergrande’s historic bankruptcy amid Beijing’s ill-fated deleveraging push, and which according to Goldman calculations is the world’s largest real estate […]
China Dominates Among Cities With The Most Skyscrapers In 2023
China Dominates Among Cities With The Most Skyscrapers In 2023 When it comes to soaring skylines and architectural marvels, no country has embraced the vertical revolution quite like China. In this graphic, which uses data from the Council on Tall Buildings and Urban Habitat (CTBUH), Visual Capitalist’s Jeff Desjardins and Nick Routley reveal the 25 […]
Market Buys Yellen’s Debt-Ceiling Fearmongery; Goldman Says ‘Blame California’
Market Buys Yellen’s Debt-Ceiling Fearmongery; Goldman Says ‘Blame California’ Having reached the debt-limit three months ago, the real vinegar strokes (don’t Google it) of this political polava is just getting started as TSY Sec. Yellen launched a fearmongering missive to Congress yesterday warning that Treasury will exhaust its resources under the debt limit “by early […]
The UK Will Have Enough Natural Gas For The Summer
The UK Will Have Enough Natural Gas For The Summer Authored by Tsvetana Paraskova via OilPrice.com, The UK will have enough natural gas supply to meet demand this summer, with supply coming mostly from the UK North Sea and Norway, supplemented by LNG imports, the UK’s National Gas Transmission said in its Summer Outlook 2023. Moreover, […]
Germany Closes Its Last Nuclear Power Plants – Electricity Bills To Spike Up To 45%
Germany Closes Its Last Nuclear Power Plants – Electricity Bills To Spike Up To 45% One might say that the timing could not be worse for the implementation of “net zero” climate goals given the already boiling economic instability across the western world. Then again, maybe the timing is perfect for the people in power? […]
Russia, Ukraine Conduct “Great Easter Exchange” Of Prisoners
Russia, Ukraine Conduct “Great Easter Exchange” Of Prisoners This weekend marked the most important holiday of the Orthodox Christian calendar: Easter, also called Pascha, is widely celebrated in Orthodox churches across Ukraine and Russia. Both countries on Sunday declared a “great Easter exchange” of prisoners, which included the Russian side releasing some 130 Ukrainian prisoners […]
China And Brazil Strike Deal To Ditch The US Dollar
China And Brazil Strike Deal To Ditch The US Dollar In a time when de-dollarization news are dropping fast and furious and even Elon Musk is now jumping on a bandwagon… Combined with excess government spending, which forces other countries to absorb a significant part of our inflation — Elon Musk (@elonmusk) March 29, 2023 […]
The Hierarchy Of Money And The Case For $8,000 Gold
The Hierarchy Of Money And The Case For $8,000 Gold By Jan Nieuwenhuijs of GainesvilleCoins.com In the hierarchy of money gold is superior to fiat money. From an historical perspective the past decades have been characterized by trust in fiat money, whereby fiat made up the lion share of global international reserves. The war between […]
Resumption Of New START Unlikely Due To ‘Hostile’ US As “Fewer & Fewer Steps” Toward Nuclear Collision Remain: Kremlin
Resumption Of New START Unlikely Due To ‘Hostile’ US As “Fewer & Fewer Steps” Toward Nuclear Collision Remain: Kremlin Moscow this week warned that there remain “fewer and fewer steps” toward nuclear collision after the UK announced it is sending depleted uranium ammunition to the Ukrainians for use in their Challenger II main battle tanks. President […]
Our Economic Illiteracy
Our Economic Illiteracy Authored by Caleb Fuller via The Mises Institute, “Economics,” wrote Henry Hazlitt, “is haunted by more fallacies than any other study known to man.” True. No epoch is immune to the scourge of economic illiteracy. Yet, we find ourselves in a moment of especially unprecedented economic ignorance. We’ve come a long way since […]
War Certainly Is A Racket
War Certainly Is A Racket Authored by Iain Davis via Off-Guardian.org, In 1935, Major General Smedley Butler’s seminal book “War Is A Racket” warned of the dangers of the US military-industrial complex, more than 25 years before the outgoing US President Eisenhower implored the world to “guard against” the same thing. One of the most […]
‘PayPal Peril’: Twitter Prepping For Payments, Could Include Bitcoin
‘PayPal Peril’: Twitter Prepping For Payments, Could Include Bitcoin Authored by ‘BTCCasey’ via BitcoinMagazine.com, Elon Musk is going head to head with his old company PayPal as Twitter gears up to become an online payments business. Twitter is prepping for payments, and bitcoin might be in the mix. According to a Financial Times report, Elon […]
Facebook And Instagram Could Soon Allow Transgender And Non-Binary People To Show Their Breasts
Facebook And Instagram Could Soon Allow Transgender And Non-Binary People To Show Their Breasts Just when we thought that there couldn’t possibly be more useless detritus floating around on Facebook and Instagram comes the news that both social media platforms could soon be “allowing transgender and non-binary users to flash their bare breasts”. And in a […]
Futures Drift Higher After BOJ Reversal, Await PPI And Retail Sales
Futures Drift Higher After BOJ Reversal, Await PPI And Retail Sales US stock-index futures were muted on Wednesday, swinging between gains and losses, as investors initially welcomes a dovish announcement by the BOJ which refrained from further expanding its yield curve control band, then turned to corporate earnings for more clues on the health of […]
Why ‘Gardening’ Can Help You Manage Your Portfolio Better
Why ‘Gardening’ Can Help You Manage Your Portfolio Better Authored by Lance Roberts via RealInvestmentAdvice.com, Managing your portfolio has more to do with gardening than you might imagine. Over the last decade, behavioral finance studied investor psychology and identified the repeated behaviors investors make throughout market cycles. As you can probably surmise, investors tend to […]
Peter Schiff: The Game Has Changed
Peter Schiff: The Game Has Changed Via SchiffGod.com, Peter Schiff joined Liz Claman and Andrew Brenner of NatAlliance Securities to talk about the December Federal Reserve meeting and the messaging from Fed Chair Jerome Powell. Peter said investors need to understand that the game has changed. Inflation isn’t going away. Brenner started off the segment by saying […]
New FTX CEO Admits “Commingling Of Assets”, Blasts SBF As “Grossly Inexperienced & Unsophisticated” In Prepared Remarks
New FTX CEO Admits “Commingling Of Assets”, Blasts SBF As “Grossly Inexperienced & Unsophisticated” In Prepared Remarks The new CEO of FTX, John J. Ray III, has released his prepared remarks ahead of tomorrow’s Congressional hearing. He largely reiterated his previous comments about a total lack of governance when Sam Bankman-Fried ran the company: “…never […]
The Fed’s Real Mandate – More Than What You Think…
Authored by Mark Thronton via The Mises Institute, The Federal Reserve has a legal dual mandate to minimize unemployment and price inflation. The current “dual” between the two mandates is to reduce price inflation by increasing interest rates to increase unemployment and kill businesses to choke off aggregate demand. This has been the most important […]
Top People At NIH Getting Big Bucks From Secret Royalty Checks, Probe Reveals
Recipients of secret royalty payments who hold key roles at the National Institutes for Health (NIH) have been revealed by nonprofit government watchdog Open the Books. Through the federal Freedom of Information Act (FOIA), Open the Books has discovered that payments totaling more than $134 million were paid to more than 1,600 NIH executives, scientists, and […]
COVID-19 Lockdowns Linked To Brain Inflammation And Poor Mental Health, Study Suggests
Lockdowns imposed due to the COVID-19 pandemic may have caused brain inflammation among healthy adults who did not contract the virus, a new study from Massachusetts General Hospital suggests. Researchers examined the societal and lifestyle disruptions caused by the pandemic, and found that healthy adults without COVID-19 had higher brain and blood levels of various […]
US Court Revives Lawsuit Against Pfizer, Others On Iraq Terrorism Funding Claims
A U.S. appeals court on Tuesday revived a lawsuit against AstraZeneca Plc, Pfizer Inc and other companies over allegations their contracts with Iraq’s health ministry helped fund terrorism that killed Americans during the war in Iraq. The plaintiffs contend that the militia group Jaysh al-Mahdi, sponsored by the terrorist group Hezbollah, controlled Iraq’s health ministry […]