The overnight success of Lensa AI, a photo editing app powered by artifical intelligence, shouldn’t come as a surprise to anyone who remembers the rapid rise and subsequent fall of FaceApp in 2019. Back then, FaceApp went viral after users all across s…
Potatohead raises a good point that we’ve talked about before. That the Fed pays subsidies in the form of free interest income to holders of the free money that the Fed handed them during the course of QE. That includes Primary Dealers, banks, and mone…
This carnage may be all but exhausted for today, with a 5 day cycle projection pointing to only 3885-3900 on the ES, 24 hour S&P figuretures.
Somehow, the unbiased auto TA got it right this week. Despite the fact that I had 8 shorts on…
Last week I took a pre end of month look at the withholding taxes for November because of the earlier than usual release of the…
The United States is by far the world’s biggest producer of oil, having produced around 16.6 million barrels of oil on average per day in 2021. Saudi Arabia and Russia follow head to head in second and third place, having produced around 11 and 10.9 mi…
I loved the discussion yesterday about the good and bad of living in various places in Europe vs. N. America. I want to talk a little more about my sense of connection to Warsaw. I’m deeply attached to that city. It both haunts and fascinates me.
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What a delicious treat it is to see all this red on the screen without a reversal. It’s particularly heartening since the mindless equity bulls have pushed things so high, providing so much open air beneath. One key ETF I wanted to point out …
The number of job openings in the United States edged down ever so slightly in October in a welcome and rare sign that the labor market may finally be coming off the boil. At the same time, the unemployment level climbed by more than 300,000 people, fu…
The global inflation crisis paired with lackluster economic growth and an outlook clouded by uncertainties have led to a decline in real wages around the world, a new report published by the International Labour Organization (ILO) has found. According …