It looked like a coordinated intervention in Europe this morning, starting around 9 AM Central European time, which is 3 AM in New York. They ramped it pretty good until the ES S&P 500 24 hour fuguetures ran into resistance right at the top of the …
The momentum of franchise success and centralization of power are fatal.
The market is in crash mode. That doesn’t guarantee a crash. It merely suggests that conditions are as favorable as they get for one to…
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 dealers have significantly hedged their bond longs since April, but the price damage that we expected, in both bonds, stocks, and everything else, was…
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…
this comment drew my attention:
On 9/24/2022 at 2:39 AM, sandy beach said:
This comment was on our message board last night. “Federal withholding & employment taxes up 16.9% in September from last year. Wow!”
I track and report this very important data every month virtually in real time. So I’m surprised to see that someone already knows what September will bring. I wasn’t aware of the existence of future data. Curious as to the source.
Anyway, it’s wrong.
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.