Monday, April 03, 2023
Stock Market Counting Down to Pump and Dump US CPI LIE Inflation Data Release / Stock-Markets / Financial Markets 2023
By: Nadeem_Walayat
US CPI Data released for October, November, December and January show the CPLIE script of usually a fake out drop ahead or on release followed by strong rally on relief that whatever the data is, it was not quite as bad as it could have been and thus triggers a FOMO rally fed by bears shorting during the preceding decline rushing to cover their shorts, and so are we in for a similar event Tuesday? or is this time going to be more like December, the only time when there was a deviation from the script as it was looking rather obvious by then and hence the market did the opposite, what is obvious right now? Probably a FOIMO rally, so on face value suggests to expect the opposite which is what I have been positioning towards these past weeks.
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Monday, April 03, 2023
Why Gold? / Commodities / Gold & Silver 2023
By: Gary_Tanashian
If the decades old bubble in paper assets is ending, that’s why gold!Various promotions along the way of the Continuum have distilled the case for gold down to handy buzz phrases like “got Gold?” as if it were a carton of milk. Other promotions have presented gold as the go-to asset through all types of macro phases, from “fiat is gonna blow up any day now” to “inflation is gonna eat your future” to “a deflationary Armageddon is on the way”.
Yet all along the Continuum, policymakers papered it over, inflated the mess at every crisis as long as the Continuum allowed.*
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Monday, April 03, 2023
Big tech firing spree continues… A day in the life of a Google employee… / Companies / Employment
By: Submissions
The big tech firing spree continues… A day in the life of a Google employee… This chart tells it all... A tailwind for the Nasdaq...
- Is big tech in trouble?
Amazon (AMZN) just announced it will fire 9,000 workers. This brings its total for the year up to 27,000.
Facebook (META) is downsizing, too. A couple weeks ago, CEO Mark Zuckerberg announced a second round of layoffs. He already let 11,000 people go in November. Now, he’s firing another 10,000.
Earlier this month, Google (GOOGL) said it’s letting 12,000 employees go.
And Microsoft (MSFT), Shopify (SHOP), Salesforce (CRM), and others are getting rid of thousands more.
In total, US tech firms announced over 100K layoffs since the start of the year.
Saturday, April 01, 2023
THE INFLATION MEGA-TREND / Economics / Inflation
By: Nadeem_Walayat
The primary driver for stock prices is Not Innovation, Disruption or even GDP growth (though it is part of the soup), No the Primary driver for stock prices is INFLATION! It's why Turkish stocks (before this weeks killer Quake) were racing ahead despite persistently high Turkish inflation rates of as much as 85% during 2022 as they experienced their own version of the Crack up BOOM!
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Saturday, April 01, 2023
America on Verge of Losing Petrodollar Privilege / Stock-Markets / US Dollar
By: MoneyMetals
As gold prices continue to hold firm near the $2,000 level, bulls are eying big developments ahead for the monetary metal along with the global monetary system.
Gold’s potential ascendancy to new record highs is coinciding with a decline in the global status of the U.S. dollar as world’s reserve currency.
China is pushing for its currency, the yuan, to be the primary competitor to the dollar in international trade. It has forged new partnerships with Russia and other countries who are willing to deal directly in Chinese yuan.
Saturday, April 01, 2023
Amazon SCAM Drives - How to Check Your Hard Drive Bought is Genuine - WD 10tb Black Review / Personal_Finance / Shopping
By: HGR
AMAZON full of FAKE electronic products such as SCAM HARD DRIVES. Here's how to check you've not been scammed as I unbox and take you through the steps by checking a new 10tb internal WD Black hard drive, so you know what red flags to check for to prevent yourself from getting SCAMAZONED!
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Saturday, April 01, 2023
The Fed Knew / Interest-Rates / US Federal Reserve Bank
By: Richard_Mills
Should we leave the creation of new money in the hands of bankers or place its creation solely with our government?
“The financial system used by all national economies worldwide is actually founded upon debt. To be direct and precise, modern money is created in parallel with debt…
The creation and supply of money is now left almost entirely to banks and other lending institutions. Most people imagine that if they borrow from a bank, they are borrowing other people’s money. In fact, when banks and building societies make any loan, they create new money. Money loaned by a bank is not a loan of pre-existent money; money loaned by a bank is additional money created. The stream of money generated by people, businesses and governments constantly borrowing from banks and other lending institutions is relied upon to supply the economy as a whole. Thus the supply of money depends upon people going into debt, and the level of debt within an economy is no more than a measure of the amount of money that has been created.” Michael Rowbotham, ‘The Grip of Death’
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Saturday, April 01, 2023
Crude Oil: Will "Banking Crisis Send Prices Even Lower"? Ha! / Commodities / Crude Oil
By: EWI
SVB failed in March. Oil was destined to fall as early as February – here’s why;
The failures of Silicon Valley Bank, Silvergate Bank and Signature Bank have prompted a lot of discussion about the potential of a domino effect. People are wondering "what's next?"
The financial press is linking just about every downward price move in just about every financial market to the woes in the banking sector.
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Saturday, April 01, 2023
Top Casino Tech Trends to Look Out for in 2023 and Beyond / Personal_Finance / Gambling
By: Submissions
The online gambling industry is a fiercely competitive sector, with thousands of internet gambling platforms trying to attract and retain casino players. So, it’s no wonder that online casinos are always keen to adopt new technologies that’ll increase engagement and improve customer experience. Below we’ve listed the top technology trends that are set to transform the future of the online gambling world in 2023 and beyond.
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Wednesday, March 29, 2023
Will ChatGPT Kill College? / Personal_Finance / AI
By: Stephen_McBride
A message from a reader… The new ChatGPT just came out… Will it be the nail in the coffin for thousands of colleges across America?
- At least with healthcare, you get something for your money. College, on the other hand...
A reader wrote me after I called healthcare “America’s most broken industry.”
He said that title should go to our education system.
Wednesday, March 29, 2023
China’s Gold Gambit: Outfoxing America on the World Stage? / Commodities / Gold & Silver 2023
By: Submissions
By Jon Forrest Little,
Unless you live under a rock (and some days I wish I did), all eyes are on which bank will fail next.
We knew this was coming. Decades of Zero Interest Rate Policy, QE, and risky fractional reserve practices have consequences.
Superpowers like Russia and China are eyeing America’s financial vulnerabilities while the Fed, Congress, Treasury, and Wall Street play musical chairs and trip over each other like Keystone cops.
Wednesday, March 29, 2023
How to Breed Budgies for Beginners - (1) Installing a Breeding Box / Personal_Finance / Animals & Pets
By: Eliza_Walayat
How to breed budgies for absolute beginners! - I have put all the basic information about #budgie #breeding that you need to keep in mind. �� I mean, I'm not a budgie breeder but I can gladly help with this as I experienced it with my two budgies who raised their #chicks.
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Wednesday, March 29, 2023
The last time this happened, Gold Price Soared for 10 years / Commodities / Gold and Silver Stocks 2023
By: Submissions
Justin Spittler : 615% gains the last time this was triggered… “This is incredibly bullish”… “Someone big” is loading up… I’m no gold bug, but…
- Gold is closing in on its all-time highs.
On Monday, gold broke above $2,000 per ounce—the highest it’s been in over a year:
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Friday, March 24, 2023
How the Stock Market Reacts to US CPI Data Releases / Stock-Markets / Stock Market 2023
By: Nadeem_Walayat
US CPI Data released for October, November, December and January show the CPLIE script of usually a fake out drop ahead or on release followed by strong rally on relief that whatever the data is, it was not quite as bad as it could have been and thus triggers a FOMO rally fed by bears shorting during the preceding decline rushing to cover their shorts, and so are we in for a similar event Tuesday? or is this time going to be more like December, the only time when there was a deviation from the script as it was looking rather obvious by then and hence the market did the opposite, what is obvious right now? Probably a FOIMO rally, so on face value suggests to expect the opposite which is what I have been positioning towards these past weeks.
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Friday, March 24, 2023
Silicon Valley Bank, Silvergate and "The Everything Bust" / Stock-Markets / Financial Crisis 2023
By: EWI
Silicon Valley Bank, Silvergate and "The Everything Bust"
"The pressure on banks will rise"
The phrase "Everything Bust" means a bust in just about every financial risk-asset of which you can think, as well as the economy and, I dare say, the financial system itself.
Indeed, in a section titled "The Everything Bust Is on The Way," the December Global Market Perspective, a monthly Elliott Wave International publication which covers 50-plus financial markets, noted:
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Friday, March 24, 2023
U.S. Money Supply Deflates 2% Annually (What That Means) / Economics / Deflation
By: EWI
The debt bomb implodes: Expect recession and deflation;
Many pundits have expressed worry about the ramifications of global debt -- and rightly so. As the Wall Street Journal noted toward the end of 2022:
The world has amassed $290 trillion of debt and it's getting more expensive to pay for it.
In the U.S. alone, the cost of servicing the national debt is expected to skyrocket over the next decade (Fox News, Feb. 27):
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Friday, March 24, 2023
Do You Have a Bad Credit Score? Here’s What You Need to Know / Personal_Finance / Debt & Loans
By: Boris_Dzhingarov
You don’t need a degree in economics to know that rising inflation, which hit 10.7% at the end of 2022, is beginning to squeeze household finances. With credit card debt reaching an average £2,290 per household in November 2022, it’s likely borrowing will increase as households try to manage their increased financial burden.
With the cost of living going up, now is a good time to look at your own personal finances for ways you can improve your financial health.
One particular area to focus on is your credit score. A poor credit score could be having a negative impact on your finances. Here, we look at what causes bad credit and how you can improve your score so that you’re in a good place should you need to borrow money in the future.
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Friday, March 24, 2023
Battle Line Drawn: Gold Bulls Look to Push through $2,000 / Commodities / Gold & Silver 2023
By: MoneyMetals
Gold prices surged to test the $2,000/oz level early this week before retreating ahead of the Federal Reserve's interest rate decision.
Fed policymakers opted for another 25 basis-point hike -- disappointing investors who had hoped for a pause in the wake of high-profile bank runs.
Stocks sold off in post-Fed trading on Wednesday afternoon. Precious metals markets, however, managed to record gains for the day.
Fed chairman Jerome Powell signaled that the central bank would likely hike one more time.
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Tuesday, March 21, 2023
Stock Market Completes Phase Transition, US Real Estate Stocks - Housing Market Part1 / Stock-Markets / Stock Market 2023
By: Nadeem_Walayat
Virtually everyone was open jawed last week as to why the hell are stock prices soaring on BAD EARNINGS reports and yes regardless of how the headless chickens on the cartoon network (CNBC) were reacting in trying to explain the price action they were BAD EARNINGS reports as flagged by the EGF's which had zero impact on stock prices that instead of plunging soared into the stratosphere, why? It's because earnings reports are looking in the rear view mirror at what has already happened which is why one needs to be aware of current EGF and future EGF as well as current P/E relative to the high-low P/E range for each stock as shown in my AI stocks table. Our perception of time is not linear as we flit from the past (memories) into the future (forecasts, hopes and dreams) and back into the present, in a constant state of flux and so it is for all market participants which is the true nature of the markets, everything, everywhere all at once.
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Tuesday, March 21, 2023
FOR - Forestar Group - US Housing Market Stocks Analysis / Companies / US Housing
By: Nadeem_Walayat
US House Prices Current State
My interim view as of early July 2022 based mainly on my stock market, economy and UK housing market analysis at the time (Stocks Bear Market Rally Last Gasp Before Earnings Season, US House Prices 3 Year Probability Range) concluded in an rough expectation for US house prices to target a gain of between 20% and 30% over the next 3 years that would be punctuated by a correction during 2023.
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