Global Intelligence
Financial System
Authored by Felicity Bradstock via OilPrice.com, Despite promises of improved infrastructure and better disaster preparedness, governments and energy giants are failing to provide backup energy provisions to areas hit hard by extreme weather conditions again and again. As these events are becoming more frequent and stronger, how will the energy industry prepare for the future of […]
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From Zero Hedge: It was a busy week for crypto, with many updates in JPMorgan’s weekly Crypto Weekly note. Here are the highlights: Bitcoin and ether prices rise in the week. The price of bitcoin and ether rose by about 4% w/w and 6% w/w to $48.1K and $3.6K, respectively. This recovery follows the price […]
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Authored by Michael Snyder via The Economic Collapse blog, Why are companies all over the world suddenly desperate for workers? In my entire life I have never seen anything like this. When the labor shortage started in the United States, a lot of people blamed overly generous government handouts, but that doesn’t explain why the […]
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By Greg Miller of FreightWaves, The number of container ships at anchor or drifting in San Pedro Bay off the ports of Los Angeles and Long Beach has now blown through all previous records and is rising by the day. There were an all-time-high 61 container ships in the queue in San Pedro Bay on Wednesday, according […]
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From ZH Starting in 2018 and lasting all the way until the covid pandemic, a remarkable golden age flourished in the US job market: that’s when for 24 consecutive months there were more job openings in the US than unemployed people. Of course, this remarkable strength in the job market ended with a thud in […]
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Authored by MN Gordon via EconomicPrism.com, The great computer chip shortage of 2021 will likely get worse before it gets better. This conclusion was reached following brief study and anecdotal review. Moreover, while COVID lockdowns may have initially triggered the shortage, several decades of shortsighted decisions and simmering geopolitical tensions make it much more than a matter of […]
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Tether is a fraud on the scale of Madoff or Enron and we’re in the middle of a bubble for the history books. Disclaimer: I have short positions on the cryptocurrency ecosystem, through MSTR and COIN puts Update: I have a subsequent post on another stablecoin It’s something awesome to live through one of the great bubbles of […]
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Taliban fighters have taken over the Afghanistan after a stunning blitz across the country that saw them seize most of the country in just over a week. Afghan President Ashraf Ghani has also fled abroad, leaving the government in collapse, while demoralized Afghan security forces offered no resistance. The lightning sweep comes after the U.S. […]
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From Zero Hedge: It seems like the discussion of whether or not there’s finally going to wind up being an official Bitcoin ETF has been ongoing for years. Gone are the days of waiting to see if the Winklevoss ETF would be approved and here are the days of what feels like dozens of other […]
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What worries us is macroeconomic data has already begun to slow amid unprecedented fiscal and monetary stimuli in history, and all those tailwinds could soon become headwinds. For instance, retail sales plunged again in July, and the employment and industrial production data are becoming disappointing considering the level of stimuli. One month after the BEA shocked Wall […]
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