Global Intelligence
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 […]
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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- […]
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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 […]
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By Tyler Durden, Update (1010ET): During Thursday’s speech from the Roosevelt Room, Biden has confirmed many of the details of the latest aid package for Ukraine, along with several previously unannounced measures. The money will include $500 million in additional economic aid to Ukraine, bringing the total economic aid to Ukraine to $1 billion since the […]
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By Tyler Durden, For the second quarter in a row, Netflix stock has cratered after reporting earnings: NFLX plunged 28% – losing $42 billion in value – after the company announced that not only did its paying subs shrink for the first time since 2011 in the first quarter, but the company forecast the loss […]
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By Tyler Durden, Update (13:15 ET): What was largely a theoretical modeling exercise until moments ago, is set to go live because Reuters reports that the EU is set to declare a full embargo on Russian oil after this weekend’s French election: EU GAS PRICE TO SHOOT UP AS EU TO DECLARE EMBARGO ON RUSSIAN OIL […]
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By Tyler Durden, While most analysts and traders were digging through Goldman’s stronger than expected Q1 earnings report which beat on revenue and EPS, and despite some weakness in investment banking more than redeemed itself with stellar FICC numbers, thanks this time to the Commodity not Credit “C“… … which sent Goldman stock higher, for the third quarter in […]
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By Tyler Durden, An odd thing happened this week: for obvious reasons, Russian usage of the Chinese yuan has been booming in recent weeks, with the Nikkei reporting that Russia boosted yuan holdings over dollar just before the invasion (having previously dumped all of its Treasury holdings all the way back in 2018 telegraphing what was coming to anyone […]
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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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