By Tyler Durden, Authored by Bruce Wilds via Advancing Time blog, The inflation of today is a starkly different creature than what we faced in 1979. The world is massively different and presenting us with a strain of inflation that will most likely be stronger and more difficult to combat without major disruptions to our economy. […]

By Tyler Durden, It appears burnt-out junior bankers aren’t the only white-collar workers who have seen their compensation improve over the past 12 months. According to a report published in Sunday’s Wall Street Journal, America’s salaried employees are finally seeing wage gains commensurate with those experienced by (often lower-paid) hourly workers. Citing data from the […]

By Tyler Durden, Russia has dramatically escalated its long-running battle with Google after repeatedly accusing it and other major US-based internet platforms of ignoring Russian laws on obscenity as well as propaganda, with on Friday a Moscow court slapping an unprecedented fine of almost $100 million on Google. The content under dispute which state media regulator […]

By Tyler Durden, For those wondering when Elon Musk would stop slamming the bid on his own company’s stock, it looks as though the time may have finally come. Tesla shares are popping 4% in the pre-market session on Wednesday after Musk commented on a Tuesday night Babylon Bee interview that he had “sold enough stock” to […]

By Tyler Durden,   While it’s a remnant of a distant pass and will have zero impact on today’s markets which are much more focused on slowing economic growth in 2022, moments ago the BEA reported the second estimate of Q3 GDP and it printed at 2.3% (2.290% to be precise), higher than both the […]

By Tyler Durden, Tomorrow is VIX expiration, and, as SpotGamma notes, we head into that expiration with an elevated VIX structure. If you compare today’s VIX term structure to that of mid-November you can see current levels (black) remain well above Nov(blue). Nov is “pre Omnicron” and “pre Taper” so it makes sense that current prices […]

By Tyler Durden, When it comes to equity market fund flows, the one defining feature of 2021 was the unprecedented reversal of years of outflows (or at best stagnant inflows), culminating in a record flood of new money entering equity funds as retail investors awoke from their decade-long hibernation (with the help of trillions in stimmies). But […]

By Tyler Durden, A decisive “no” from Senator Joe Manchin on President Biden’s Build Back Better (BBB) social engineering spendfest has sparked anger from The White House and economic outlook cuts from Wall Street. While BBB enactment had already looked like a close call, in light of Manchin’s comments Goldman has removed the assumption that BBB […]

By Tyler Durden, From Chetan Ahya, chief Asia economist at Morgan Stanley The China Upswing Over the years, China has experienced a number of mini-cycles. This year brought another iteration – the economy started the year on a strong footing but has entered a policy-induced downturn. The policy cycle has shifted from overtightening to easing, […]

By Tyler Durden, Authored by Matthew Piepenburg via GoldSwitzerland.com, In October of 2019, I began writing/warning of the ignored yet ominous signals coming out of the repo and Eurodollar markets and what the illiquidity (i.e., lack of availability) of U.S. Dollars portended for our markets in the coming years. Well, those years have since arrived. […]