$2 Billion Hedge Fund Loses Nearly Half After Carvana Plummets 75% In 2022

By Tyler Durden, For a vivid example of a hedge fund that prospered and grew, expanding relentlessly with the blessings of the Fed’s ZIRP and QE but now that QE is on idefinite hiatus and the Fed’s put is gone and successful “investing” actually requires more skill than just putting cash into high beta names […]

Continue Reading

Biden Price Hike: Most Americans Blame US President For Higher Gas Prices

By Tyler Durden, A majority of Americans still don’t believe the Biden administration’s ham-fisted attempts to shove the “Putin’s Price Hike™” narrative down our throats. According to a new Rasmussen poll, when asked whether Biden or Russian President Vladimir Putin is to blame for higher fuel prices, “76% of Republicans think Biden bears most responsibility for higher […]

Continue Reading

New COVID Bill Fines Parents For Unvaxxed Kids And Doubles Income Taxes

By Tyler Durden, An absurd COVID-19 bill by radical leftist Road Island Senator Samuel W. Bell says that residents who refuse the vaccine and its booster shots are subjected to fines and pay more income tax unless they receive an exemption. Bell introduced Rhode Island Senate Bill S2552 on March 1. As of last week, the […]

Continue Reading

The US Pizza Market is Expected to be $54B by 2023. Now, You Can Own a Slice.

BY 800º GO, 800º Go by Piestro kiosk outfitted with a touch screen for easy-ordering and a viewing window for customers to watch their pizzas become ready to eat in just 3 minutes. Credit: 800º Go.   It’s no question that the restaurant industry is fundamentally changing. Ultra-tight profit margins and rising real estate costs […]

Continue Reading

Gold Demand Surges In First Quarter

By Tyler Durden, Via SchiffGold.com, Gold demand surged to kick off the year, up 34% year-on-year in the first quarter of 2022. Total demand came in at 1,234 tons in Q1. That was the highest quarterly demand since Q4 2018, according to the World Gold Council’s Gold Demand Trends report. Demand in the first quarter […]

Continue Reading

Oil Spikes After EU Says Russian Embargo ‘Imminent’ As Germany Drops Opposition

By Tyler Durden, After throughout the whole month consistently rejecting a proposed European Union ban on Russian oil, but while also walking a delicate tightrope of opposing Putin’s demand of payments in rubles for Russian energy, Germany is now ready to pull the trigger on an embargo. It’s another major Berlin U-turn happening in tandem with […]

Continue Reading
GlobalIntelHub2

Ukraine Bans Bitcoin Purchases With National Currency Amid Martial Law

By Tyler Durden, Authored by ‘NAMCIOS’ via BitcoinMagazine.com, Ukraine’s central bank is prohibiting bitcoin buys with the hryvnia in an attempt to prevent what it calls “unproductive” capital outflows. The Ukrainian central bank has banned bitcoin purchases with the national fiat currency. The bank said the move seeks to prevent “unproductive” capital outflows in a […]

Continue Reading

Amazon Signs Lease For Largest US Property Ever, Locking Up 4.1 Million Square Feet And 370 Acres In California

By Tyler Durden, Amazon just signed a lease for its largest piece of property in the U.S. ever. The company just signed a lease for an astounding 4.1 million square feet in Ontario, California, marking its largest U.S. lease to date. The deal was consummated in the first quarter of 2022, according to BisNow. A developer for […]

Continue Reading

California, Hawaii See Largest Share Of Homes Selling For $1 Million Or More

By Tyler Durden, One of the most dominant stories since the COVID pandemic began has been the fiercely competitive housing market. The median sales price of a home in the US climbed above $400,000, as aggressive bidding wars drove home prices higher. The current challenges of the housing market have come from a potent combination of supply- […]

Continue Reading

How Russia Avoids Oil Sanctions: Transfer-At-Sea To “Destination Unknown”

By Tyler Durden, Authored by Mike Shedlock via MishTalk.com, Russian oil still flows under the radar. It goes to “destination unknown”… Average daily crude exports from Tanker Tracker via WSJ Under the Radar Please consider Russian Oil Flows, but Increasingly Under the Radar. Oil exports from Russian ports bound for European Union member states, which historically […]

Continue Reading