According to a now unavailable report by Russia’s Central Bank saved by internet archive Wayback Machine, China was the single-biggest foreign holder of Russian central bank reserves as of June 30, 2021. 13.8 percent of the total of Russia’s reserves, …
Following the ban of Russian banks from the SWIFT network used in international payment transactions, the ruble’s value against the dollar plummeted on Monday. As the Russian economy is now effectively cut off from any dealings with the Western world, …
The raw daily data for last week as a whole tilted strongly to the sell side for a second straight week. The final score for the week was Sells 212, Buys 101. Of the 48 charts with multiple sell signals, I found 14 that I liked well enough to add to the list as shorts.
Short covering panics?
There are signs of bottoming in the big picture. While still down nearing 7 AM in New York, this morning’s rebound isn’t surprising in that light. But I’m holding most of the shorts on the chart pick list, with tightened sto…
When the crash can no longer be denied, the drop is widely recognized as having been obvious and inevitable
The stock market seemed to make a 13 week cycle low in the expected time window late last week. But as we watch in horror…
I’ve been doom scrolling my newsfeeds for the past few days, not getting much work done. What a catastrophe. War in Europe, just 120 miles…
These historical maps tell the story of the USSR, and how its territorial expansion and contraction is linked to present day geopolitical events.
In the heat of battle, Zelenskyy is demonstrating extraordinary courage and leadership. The neophyte politician is in an exclusive club (seemingly of one): A national leader willing to face down Putin. And it’s difficult to believe Putin saw this coming, and it makes a tremendous difference. This is not Crimea circa 2014. The Ukrainian military is fighting ferociously – against all odds. David vs. Goliath. Loyalty and Honor. Heroes everywhere. The Ukrainian people are an inspiration.
The appeal made early Friday morning in a video message by Ukrainian President Volodymyr Zelensky was powerful yet will likely go unheeded. “I have asked 27 European leaders whether Ukraine will be in NATO. I have asked directly – everyone is afraid, n…