By Tyler Durden, Two weeks ago, the White House pinned the blame for rampant, not-so-transitory inflation felt by consumers across the board on the ‘greed of meat conglomerates.’ An absurdity which came just four weeks after the world’s largest meat producer, Brazil’s JBS SA, warned that labor shortages are in fact holding back production. Meanwhile, Kamala Harris – the woman […]

By Tyler Durden, Move over, Amazon… As the world of e-commerce and the associated shipping and logistics necessary to run such businesses expands, warehousing and shipping have become important commodities. Perhaps that’s why one of the largest sales of industrial properties used for these types of businesses has just taken place. CBRE Investment Management has reportedly […]

By Tyler Durden, Tesla has just released its Q4 2021 delivery numbers, and the automaker says it produced more than 305,000 vehicles for the quarter and delivered more than 308,000. It marks a single quarter and annual record for Tesla. For the year, the automaker delivered “over 936,000” vehicles, per a company press release. Those numbers […]

By Tyler Durden,   Authored by Wolf Richter via WolfStreet.com, The global share of US-dollar-denominated exchange reserves declined to 59.15% in the third quarter, from 59.23% in the second quarter, hobbling along a 26-year low for the past four quarters, according to the IMF’s COFER data released today. Dollar-denominated foreign exchange reserves are Treasury securities, US corporate […]

By Tyler Durden, Authored by Michael Snyder via The Economic Collapse blog, Most people simply do not understand that we really are moving into a long-term economic emergency.  So much of the economic optimism that fueled rallies in the financial markets throughout 2022 was based on a belief that the COVID pandemic would soon be brought to […]

By Tyler Durden, In his final Global Economics Analyst report of 2021, Goldman’s chief economist Jan Hatzius has published his favorite 10 charts to illustrate the key global themes that stood out this year and are likely to shape 2022. In his brief previews, Hatzius writes that “the global economy recovered rapidly in 2021 as […]

By Tyler Durden , Just hours after we reported that Wedbush’s Dan Ives raised his price target on Tesla to $1,400, we found out that Elon Musk has offloaded yet another $1 billion in stock. The Tesla CEO sold the 934,090 shares, according to filings published late on Tuesday night. Additionally, Musk exercised a grant to buy […]

By Tyler Durden, Authored by John Rubino via DollarCollapse.com, Paris during the Great Depression was full of unemployed people – and apparently it was awesome. As the story goes, the City of Light circa 1934 offered few good jobs and little upward mobility – which is pretty much the definition of a capital-D Depression — […]

By Tyler Durden, This year, China’s troubled ride-hailing giant Didi has had a clouded outlook as Chinese regulators crackdown on its consumer data, leading to an upcoming delisting from US exchanges. The company plans to list in Hong Kong next year, but today’s new filing revealed a $4.7 billion loss in the third quarter. Didi has been […]

By Tyler Durden, A year ago a respected Tokyo-based think tank, the Japan Center for Economic Research (JCER), alarmed observers in the West by forecasting that China’s economy will surpass that of the United States by 2029, or less than a decade out. But the same think tank this month issued greatly revised figures, saying […]