Bank Deposit Flight Seals Deal For US Recession Authored by Simon White, Bloomberg macro strategist, The collapse of SVB and the turmoil at Credit Suisse will turbo-charge the effects of QT, sealing the case for a US recession that remains underpriced by equity and credit markets. Remember QT? To misquote Dirty Harry: in all this
Jobless Claims Data Continues To Confound… Initial and continuing jobless claims continue to exist in the ‘matrix’ of a ‘strong economy’ as both fell last week (192k vs 212k and 1.684mm vs 1.713mm)…. Source: Bloomberg And in the face of that ‘great’ data, The Philly Fed Business Outlook was significantly weaker than expected, printing -23.2,
With more economic problems looming, the president returns to an old favorite.
China released its main Chat GPT competitor, developed by search engine giant Baidu, Thursday in Beijing, but its debut of the bot was a failure and led to the company’s shares falling, according to CNBC. During the unveiling, the bot named Ernie “summarized a science fiction novel and analyzed a Chinese idiom,” but in the middle
Last Updated on March 16, 2023 On Tuesday, Ohio Attorney General Dave Yost announced that the State of Ohio would be suing Norfolk Southern over an ‘Entirely Avoidable’ Train Derailment. National File previously reported that Norfolk Southern’s largest shareholders include BlackRock, a company with close ties to George Soros and the Chinese Communist Party. In
Last Updated on March 16, 2023 A massive explosion and fire occurred at the Back River Waste Water Treatment Plant in Dundalk, Maryland around noon on Wednesday. Fire crews could be seen responding to the blast site and subsequent fire. Last year, the state of Maryland assumed ownership of the Back River Waste Water Treatment
When gas prices rose 150 percent from June 2020 to June 2023, politicians and the media didn’t hesitate to blame corporate greed. The evidence they offered was two-fold: rising prices and rising profits. Yet over the past six months, gas prices have fallen 33 percent. Are politicians and media congratulating oil companies for displaying altruism?
The raw emotional wreckage of Scandoval points out that prioritizing sex, booze, and work in your twenties and thirties is not a healthy cultural norm for America’s young professionals.
Op-ed views and opinions expressed are solely those of the author. I took a flight from Los Angeles to Minneapolis and was picked up at the airport by a black driver. His name is Davis. He looked mid-20s, but it turned out he was 39. He was charming, soft-spoken, friendly and became talkative once he
The collapse of Silicon Valley Bank (SVB) has unified Americans with a shared anger. Everyone — left, right and center — knows that something is wrong. Executives sold off millions of dollars of stock before the crash, SVB paid out bonuses as it was collapsing, and the Federal Reserve created a brand new program —