After Monday’s historic selloff that capped a three-week, $6.4 trillion rout in global equities as a brutal unwind in the carry trade driven by last week’s BOJ rate hike hammered most consensus trades, a dead cat bounce arrived as some investors looked for bargains and markets saw a hint of calm return on Tuesday…
What’s the Sahm Rule? Alarming Jobs Report Raises Recession Risk…
A key indicator has predicted every recession since 1970, and the alarm just sounded…
$1 Trillion Wipeout: Market Rout Punishes Megacap Tech…
As U.S. markets opened for trading on Monday, tech’s megacap companies lost about $1 trillion in market cap, deepening a downturn that sent the Nasdaq into correction territory last week….
Larry Kudlow: Recession Risk Grows Larger and Stocks Are Getting Clobbered…
It’s a shakier economy than the media admits, Kudlow says…
And Suddenly Things Change…
“The global economy is becoming unburdened by what has been.” — Jordan Schachtel on “X”…
Joe Biden Claims Current Gas Prices Lower Than When He Took Office, States Falsely Gas Was Over $5/Gal When He Was Inaugurated…
Why is Biden much less his staff incapable of differentiating between facts and disinformation?…
Are You Willing to Suffer Through a Recession for the Good of “The Liberal World Order”?…
How much are you willing to sacrifice for “the future of the liberal world order”?…
Oil Billionaire Blasts Biden’s Gas-Price Blame-Games, Says Only One Thing Will Fix Inflation…
New York billionaire and refiner John Catsimatidis, who owns hundreds of gas stations, blasted President Joe Biden’s pinning the blame on high prices at the pump on gas station owners, arguing there’s only one solution for inflation – boosting production of crude…
Exxon CEO Warns That Consumers Will Pay for Hasty Energy Transition…
ExxonMobil expects all new cars sold two decades from now to be electric vehicles. But the U.S. supermajor also believes that people will “pay a high price” in this rush to renewables without providing the energy the society currently needs…
The Perfect Storm in Oil Caught Markets Off Guard…
Just a couple of years ago, some of the biggest names in the oil market could have never imagined the current demand and supply situation…