The level of financial inequality around the world is staggering. According to a new Credit Suisse report, 47.8 percent of global household wealth is in the hands of just 1.2 percent of the world’s population. Those 62.5 million individuals control a s…
FEEDAs I prepare to call it a night (and I’ve been deliberately avoiding looking at any futures quotes since today’s regular close), I’ll just say this: the crypto market is TEETERING right on the precipice, and it wants to fall. I ca…
Can you imagine being trapped on a desert island with these two? Goodness.
The momentum of franchise success and centralization of power are fatal.
The devastating effect of the coronavirus pandemic on the tourism industry is most clearly illustrated by the number of travelers in 2019 compared to 2020. After welcoming 90 million visitors in 2019, France’s intake dropped by more than half in the fo…
The British pound is tanking against the U.S. dollar, hitting a record low on Monday as the exchange market reacts to the UK’s biggest tax cuts in 50 years. The move was announced by new chancellor Kwasi Kwarteng late last week – while also unveiling p…
Here’s a snapshot of global energy production, and which countries have produced the most fossil fuels, nuclear, and renewable energy since 1980.
Charter (CHTR) is one of those items I bought puts on this year, took a small profit, and forgot about it. What a shame, eh? This thing just can’t catch a bid. This sucker is down about 43%.
The main focus for the week was on a slew of central bank tightening measures. But Putin’s speech marked an alarming ratcheting up of geopolitical risk. It essentially guarantees months of Putin hardball and associated uncertainty.
And it’s unclear whether the Fed, ECB, or other central banks are prepared to abruptly shift course and orchestrate another concerted QE program to re-liquify liquidity-challenged global markets. And this is a huge issue. The world could now be in the early stage of history’s greatest globalized de-risking/deleveraging cycle – and a global central bank liquidity backstop is not a policy focus.
I’ve been keeping this bookmarked for months, waiting for this moment. Honestly, read his tweet. Oh, and the ASTERISKS were obviously meant as a cover-your-ass move, but, nope, he doesn’t get a pass. He was WRONG, WRONG, WRONG!