Back in September 2019, Bitcoin miners in China accounted for a massive 76 percent of all computer energy used in the mining of the cryptocurrency. Since the country’s crackdown on crypto though, the landscape has been dramatically changed. In the same…
Tests with driverless taxi services have been underway in China’s major cities, also called tier one cities, including Beijing and Shanghai. Still a novelty today, robotaxis are expected to experience a quick rollout in China’s main metropolises. Numbe…
Here’s the 2 hour bar chart on the ES S&P futures. Looks real bottomy from here. If they get clear of 4397, look out above. Next stop 4420, and wait to see how the pattern around there shapes up. Consolidation, or top.
Meanwhile, when w…
Monetary policy can be implemented through outright purchases or sales of securities, which permanently changes the size of the Federal Reserve’s System Open Market Account (SOMA) portfolio.
Monetary policy can be implemented through outright purchases or sales of securities, which permanently changes the size of the Federal Reserve’s System Open Market Account (SOMA) portfolio.
The bulwark of high-tech gains from April 2020 through September 2021 was semiconductors, This, I am pleased to say, has failed. The highest point in human history was just last month, but since then, the breakdown is quite clean. This is particula…
That the neofeudal lords and their lackeys offer the debt-serfs “choices” of forced labor would be comic if the results weren’t so tragic.
The already ambitious global carbon emission reduction goals were dealt a significant blow this week as China, having recently pledged to end all future foreign coal power projects, announced that they would be further committing to domestic coal expan…
Now that the debt ceiling has been lifted temporarily, the drawdown of the Fed’s RRP slush fund begins, with the selling of the first new bills. It’s gonna get ugly, ladies and gentlemen.
I think gold noticed I said it always failed and decided, “Oh, YEAH?” As I’ve persistently said, I want gold to thrive. I’ve got a bunch of the stuff in a safe, and I think there is no better jab in the eyeball to Powell tha…