Global Intelligence
By Tyler Durden, California electricity rates are increasing far faster than the rest of the country. Last year, electricity prices rose 1.7 times faster than the rest of the county, and residential prices jumped 2.7 faster. These increases are terrible news for residents who want to swap their combustion engine vehicles for electric ones. […]
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By Tyler Durden, On Saturday, rating agency S&P cut its rating on Russia to “Selective Default” on Saturday after the Russian government said last week that it had repaid about $650 million in dollar-denominated debt in rubles (the payment was contractually due in dollars but Russia claims that sanctions make payment impossible). The downgrade to what is […]
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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, Update(15:55ET): Nothing to see here… only the President of the United States speaking at an emergency summit of NATO heads making somewhat overly casual sounding references regarding likely massive energy and food shortages… “It’s going to be real,” Biden said at a news conference in Brussels. “The price of the sanctions is not just imposed […]
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By Tyler Durden, Over the past week, we first noted that amid broad economic sanctions, there were numerous Russian gold refiners on the LBMA’s “Good Delivery” list, and subsequently we said that this “begged the question as to what would the LBMA do about the large number of Russian gold refineries on the LBMA Good Delivery Lists, refiners which […]
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By Tyler Durden, Yesterday, when reporting that both Visa and MasterCard had suspended operations in Russia just hours after Ukrainian President Volodymyr Zelenskiy called on the companies to halt all business in Russia during a video call with U.S. lawmakers, we said that “with this latest escalation in Russia’s comprehensive expulsion from the western financial system, expect […]
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Authored by Michael Snyder via TheMostImportantNews.com, In a year that has been filled with so many mysteries already, I have another very odd one to share with you. Emergency rooms are filled to overflowing all over America, and nobody can seem to explain why this is happening. Right now, the number of new COVID cases in the […]
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From ZH When GM earlier this year started recalling Bolts, it issued a warning to owners of the EV: don’t charge your car battery to 100 percent. Normally, this would be easy enough to do. But what if your charger got hacked? Last year, researchers from the Southwest Research Institute in Texas successfully hacked the most popular charging […]
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From ZH It’s a tale of two crackdowns – and two cultures. While Beijing scrambles to stamp out immaturity and laziness among its males, Washington is terrified of… wait for it… cryptocurrency. Gary Gensler, Joe Biden’s deeply establishmentarian SEC head, has dropped a bomb on the crypto community with his sudden attack on Coinbase, the […]
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From Bloomberg U.S. officials are discussing launching a formal review into whether Tether and other stablecoins threaten financial stability, scrutiny that could lead to dramatically ramped-up oversight for a fast-growing corner of the crypto market. After weeks of deliberations, the Treasury Department and other federal agencies are nearing a decision on whether to launch an examination by the Financial […]
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