The ES 24 hour S&P futures sold off overnight, but US traders woke up this morning and bought the effin dip as usual. It remains to be seen if they’ll be sustained or punished when regular trading opens. The key area to watch for a rally signal wou…
The Fed is playing a new game. The problem is that nobody knows what the rules are, not even the Fed. In fact, nobody even…
A bank’s assets triple over a few years when interest rates are low. The bank invests those assets in long term, higher yielding municipal bonds with little credit risk. Inflation flares up and interest rates rise, reducing the value of the municipal bonds and funding dries up. Regulators become concerned that the failure of this […]
So, Washington will bail out wealthy depositors at SVB and Signature and deny the same treatment to depositors when more traditional banks begin to fail?
There is a huge disparity in labor force participation among over 65-year-olds across different OECD countries. According to data from the organization, Japan and Korea are the places where those aged 65 and over are making up the biggest share of the …
Protests and strikes that have disrupted France for weeks are expected to grow more intense as the government yesterday decided to force through a controversial reform raising the minimum standard retirement age from 62 to 64. The change has been in th…
Was yesterday destined to be a failed breakout? Only the Shadow knows. Stay tuned to the latest episode of Return to the Scene of the Crime on your local Capital Stoolcasting Company radio station. The rest of us will know soon.
My guess would be…
This Friday, March 17, is World Sleep Day, an annual celebration that aims to raise awareness of the importance of getting a good night’s sleep. This year’s campaign tagline is “Sleep is essential for health.” According to a study by the American Colle…
We can also predict that the next round of instability will be more severe than the previous bout of instability.
Following this week’s release of GPT-4, OpenAI’s new multimodal model accepting image and text inputs rather than ChatGPT’s text-only prompts, people on social media have been marveling about the new engine’s results in performing a variety of tasks, s…