By Tyler Durden, Another month, another record high in consumer inflation expectations. While central banks, tenured economists and the financial media are doing everything in their propaganda power to convince ordinary  Americans (who don’t have the privilege of charging their Federal Reserve debit card when shopping at the grocery store) that the current phase of galloping inflation […]

By Tyler Durden, The Dow managed to get back to even from pre-Omicron levels today (NOTE in the chart that Nasdaq also touched the unchanged line very briefly before being rejected), but as the day worse on weakness hit and took everything back into the red since Omicron first hit… Small Caps were clubbed like […]

By Tyler Durden, By Tsvetana Paraskova of OilPrice.com, Upstream oil and gas investment must rise to the pre-pandemic levels of around $525 billion per year through the end of the decade so that the industry can ensure a demand-supply balance, Saudi Arabia-based International Energy Forum (IEF) and IHS Markit said in a new report this week. This year, upstream […]

By Tyler Durden, For much of 2021, long before the Fed chair retired the word “transitory” and when countless clueless macrotourists said that inflation is about to peak any… moment… now… we warned that while supply-chain bottlenecks may fade, they will be replaced by far stickier inflation in the form of rising home prices and rent, both of which […]

By Tyler Durden, Submitted by Bitcoin Magazine Cryptocurrency exchange Gemini will soon offer frictionless bitcoin trading in Colombia for customers of the country’s biggest bank, Bancolombia, the company said in a statement Monday. However, it is unclear whether users will be able to withdraw funds — a vital feature for achieving the financial sovereignty that Bitcoin enables. The partnership […]

By Tyler Durden, Gordon Johnson of GLJ Research is out with a note on Wednesday morning stating that Tesla missed the consensus estimate of 57,800 sales in China for November. His note says that CPCA data reported that Tesla posted sales of 52,859 units, which break down to 31,732 domestic deliveries and 21,127 vehicles made in China […]

By Tyler Durden, The global energy crisis continues to worsen with its latest victim Singapore. Power prices in the Southeast Asian country saw a dramatic surge in wholesale power prices. According to Bloomberg, provisional Uniform Singapore Energy Price jumped S$4,499 ($3,293) per megawatt-hour, the highest on record or about a 1,290% jump in the last few […]

By Tyler Durden,   Global food inflation continues to rise for the fourth consecutive month in November, reaching levels not seen in a decade, led mainly by robust demand for wheat and dairy products, according to a new report via the Food and Agriculture Organization of the United Nations (FAO). FAO’s food price index, which tracks monthly […]

By Tyler Durden, Did Buzzfeed’s union of overpaid and under-worked digital media workers help to drive away investors in the SPAC that was supposed to take the flailing digital media company public? Yesterday, members of the Buzzfeed union walked off the job to protest what they claimed was the company’s refusal to discuss a fair […]