Global Intelligence
By Tyler Durden, For those curious who will pick up Russia’s trade slack now that most western nations have shunned the Putin regime, here’s your answer. On Wednesday, China revealed that overall trade with Russia soared to 243.03 billion yuan ($38.18 billion) in January-March, up 27.8% from a year earlier. It wasn’t just Russia however, […]
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By Tyler Durden, The poor are suffering most from inflation, even though their wages have risen by the largest percentage… as the ‘money illusion’ takes hold across America… Money illusion is an economic theory positing that people have a tendency to view their wealth and income in nominal dollar terms, rather than in real terms. In other words, it is assumed that people do […]
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By Tyler Durden, First Russian gold and silver, then diamonds, now platnium and palladium. On Friday, newly refined Russian platinum and palladium was suspended from trading in London, denying Russia access to the metals’ biggest trade hub in the latest in a growing list of measures against Russian interests because of the conflict in Ukraine. Of course, […]
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By Tyler Durden, In a world of heightened risks, investors often lean into ‘stores of value’ as a way to insulate capital from elevated volatility. So far, in 2022, gold has once again proven to be a preferred ‘store of value’ with the commodity gaining 5.7% YTD (even as the S&P has lost 6% of […]
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By Tyler Durden, As Washington casts about for ways to tighten the financial screws on Russia, the Treasury late last night announced another measure to try and isolate Moscow from the international financial system. Per Reuters, the Russian state will no longer be allowed to make dollar debt payments from its accounts at US banks going forward. […]
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By Tyler Durden, Via The Epoch Times, It is not possible to “completely nullify” the pressures on energy prices, a Cabinet minister has said, as demonstrators gather across the country over the cost-of-living crisis. But Northern Ireland Secretary Brandon Lewis said the Government is “looking… across the board at what we’re doing with the public’s money”, and will “put in […]
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By Tyler Durden, Now that the Russian ruble has erased all of its post-incursion losses… …the Russian Central Bank decided on Friday that it would loosen restrictions on the transfer of funds abroad, much to the relief of ordinary Russians (particularly the wealthy, as well as the Middle class, who have increasingly been turning to […]
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By Tyler Durden, Over the past few months we have repeated a statement which – because it is controversial and because it is true – sparked feigned outrage among the financially illiterate macrotourists (which these days is the vast majority of the financial commentariat): we said that in light of the galloping inflation which has […]
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By Tyler Durden, As Apple prepares to launch new financial services (including its Apple ‘Buy now, pay later’ program), the company is reportedly planning on cutting ties with its financing partners and instead bring all financial services “in house”. While Apple shares rallied ever-so-briefly before returning to unch on the day… …the news rattled shares […]
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By Tyler Durden, Authored by John Haughey via The Epoch Times (emphasis ours), A recently published analysis by a consumer advocacy nonprofit maintains that shutting a 4.5-mile section of a nearly 70-year-old pipeline that spans the Great Lakes from Wisconsin to Ontario would impose $23.7 billion in higher fuel costs on families and businesses in Indiana, Michigan, […]
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