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.
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!
I’ve had a SlopeAlert set for DBC ever since Mamie Eisenhower was trying out for the swimsuit edition of Sports Illustrated, and it finally fired this morning. It’s honestly too bad I’m having such a great year. If I was a total a…
Living in a retirement home is extremely expensive and, as data from Orpea shows, it varies from country to country. Luxembourg costs the most on average, with a person living in a retirement home expecting to pay €305 euros per day in 2020. Spain come…
In the short run, trend support for gold is suggested at 1650, 1635 and 1600. But that’s small comfort. Both the 13 week cycle projection…