Kremlin Teases ‘Alternatives’ To SWIFT If Sanctioned, Including Crypto, In “Fortress Russia” Strategy
BY TYLER DURDEN WEDNESDAY, FEB 16, 2022 – 06:40 PM NATO is now talking about Russia’s failure to withdraw troops from near Ukraine even though on Tuesday the Kremlin had announced the start of a draw down of some military units in the south. “Russia’s failure to withdraw can be confirmed through commercial satellite imagery,” NATO chief […]
“I’ve Never Seen A Market Like This”: Goldman Sees Shortages Of Everything, “You Name It, We’re Out Of It”
BY TYLER DURDEN MONDAY, FEB 07, 2022 – 05:11 PM It’s probably not the endorsement Biden’s flailing administration wanted. In a time when social networks have been swamped with photos of empty shelves from across the nation, Goldman’s head commodity strategist and one of the closest-followed analysts on Wall Street, said he’s never seen commodity […]
United Steelworkers: Free Traders Are Wrong, Tariffs Not Causing Inflation
JOHN BINDER 13 Jan 2022 Inflation is not being driven by United States tariffs on steel, aluminum, and other foreign imports, the United Steelworkers (USW) urge lawmakers. As inflation surges throughout the nation, USW leaders are warning free trade lawmakers — recently blaming tariffs for rising costs — that they will be held accountable come election time. […]
BlackRock’s Assets Top $10 Trillion On Biggest Quarterly Inflow Since 2015
BY TYLER DURDEN FRIDAY, JAN 14, 2022 – 09:45 AM BlackRock burnished its reputation as the world’s largest asset manager on Friday when it revealed in its Q4 earnings reports that its assets under management had finally topped $10 trillion, marking a new world record for a publicly-traded asset manager. Surging equity valuations helped propel […]
Copper Supply Squeeze Coming
BY CAPITALIST EXPLOITS FRIDAY, JAN 07, 2022 – 12:01 WATCH COPPER! Leftist Boric wins Chile presidential election after far-right rival Kast concedes defeat Chilean leftist Gabriel Boric won the country’s presidential runoff election on Sunday, capping a major revival for the country’s progressive left that has been on the rise since widespread protests roiled the Andean […]
Redditors Raged Against the News Blackout of the Fed’s Bailout – Then All Hell Broke Loose When They Learned the Wall Street Banks Literally Own the New York Fed
By Pam Martens: January 4, 2022 ~ We were attempting to hold the Fed, Big Media, and the Wall Street megabanks accountable with our article yesterday on mainstream media’s news blackout of the Fed’s release of the names of the Wall Street trading houses that got $4.5 trillion in cumulative repo loans from the Fed in the last quarter of […]
Commodities Bull Market Climbing A Wall Of Worry At The Start Of 2022, Plus More Surprises
January 04, 2022 As we kickoff trading in 2022, the commodities bull market is climbing a wall of worry, plus more surprises. Commodities Bull Climbing A Wall Of WorryJanuary 4 (King World News) – Ole Hansen, Head of Commodity Strategy at Saxo Bank: After the strongest year for commodities since 2001 the open interest across 22 major futures […]
World’s Largest Coal Exporter Warns Of Energy Crunch, Imposes Export Ban
BY TYLER DURDEN TUESDAY, JAN 04, 2022 – 12:00 PM Chinese coal futures rose on Tuesday on Indonesia’s export ban over the weekend. Indonesia is the largest exporter of dirty fossil fuel, stoking fears of supply woes as the Northern Hemisphere winter is underway. Bloomberg Intelligence notes ever since China suspended coal imports from Australia […]
Turkish Lira Is Plunging Again, And This Time Erdogan’s “Doom Loop” Guarantees Disaster
BY TYLER DURDEN WEDNESDAY, DEC 29, 2021 – 09:57 AM Just over a week after Turkish president Erdogan revealed a stunning (in its stupidity) “whatever it takes” scheme to stabilize the Turkish currency by pledging to make whole losses linked to inflation (shocking Turkey watchers everywhere because the “tactic” was too insane even by Erdogan standards) […]
Kremlin reveals new independent Russian-Chinese financial systems
Russia and China will develop shared financial structures to enable them to deepen economic ties in a way that foreign states will be unable to influence, the Kremlin has announced following talks between the countries’ leaders. By Layla Guest The move appears to be a response to a series of warnings that Western nations could push […]