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  • Bitcoin Plunges Further As Musk Claims Energy Usage Trend Is “Insane”

    ZeroHedge - May 13th 2021 7:03am EDT

    Bitcoin Plunges Further As Musk Claims Energy Usage Trend Is “Insane” Just when you though Elon Musk’s change of heart on bitcoin could be short lived, he has again taken to Twitter on Thursday morning, furthering his “environmental” case against the cryptocurrency.  At about 0600 EST, Musk followed up on yesterday’s statement about no longer […]

  • The Hubris Backing Forecasts Should Be Of Great Concern, Not Comfort

    ZeroHedge - May 13th 2021 6:30am EDT

    The Hubris Backing Forecasts Should Be Of Great Concern, Not Comfort Authored by Michael Lebowitz via RealInvestmentAdvice.com, Soar Above Hubris and Overconfidence To Fortify Your Wealth “Neither Bull nor Bear“ A growing deflationary hurricane is churning off the coast. At the same time, a massive inflationary warm front is surging toward us, threatening inflation like […]

  • Home Prices Soar Most On Record As Fed Continues Bubble Blowing Policies 

    ZeroHedge - May 13th 2021 5:45am EDT

    Home Prices Soar Most On Record As Fed Continues Bubble Blowing Policies  The Federal Reserve continued to increase its holdings of mortgage-backed securities by the tune of $40 billion per month, fueling a housing bubble with record-low mortgage rates and low inventory.  Even as the housing sector has more than recovered from the downturn, Chair […]

  • The Numbers Tell Us That Airline Passengers Are Coming Back

    ZeroHedge - May 13th 2021 5:00am EDT

    The Numbers Tell Us That Airline Passengers Are Coming Back Submitted by Chris Turner, via AvGeekery.com, Many of us AvGeeks are tracking the progress of the passenger counts supplied by the Transportation Security Administration during the COVID pandemic. Avid numbers geeks also know that raw data should always be converted to associated cool charts. The […]

  • More Senior Bankers Are Abandoning London In Favor Of Europe

    ZeroHedge - May 13th 2021 4:15am EDT

    More Senior Bankers Are Abandoning London In Favor Of Europe Earlier, we noted how French officials are planning to sabotage talks between the UK and the EU about expanding access to EU financial markets. At this point, even if Britain does manage to make progress with the EU in a meeting later this month, at […]

  • How The BoE & UK Government Stoke The Housing Market Fire

    ZeroHedge - May 13th 2021 3:30am EDT

    How The BoE & UK Government Stoke The Housing Market Fire Authored by Nick Corbishley via WolfStreet.com, Net mortgage borrowing in the UK hit £11.8 billion in March, the strongest since the series began in 1993, according to Bank of England data. The previous peak was in October 2006 (£10.4 billion), when the UK was in the […]

  • France Aims To Shut British Firms Out Of EU Financial System As Fisheries Dispute Drags On

    ZeroHedge - May 13th 2021 2:45am EDT

    France Aims To Shut British Firms Out Of EU Financial System As Fisheries Dispute Drags On As the spat between the UK and France over access to British fishing waters – a contentious issue that nearly scuppered the post-Brexit trade deal – worsens, France has apparently decided to go for the jugular. Last week, French […]

  • Escobar: Pictures Of A Ukrainian Dream

    ZeroHedge - May 13th 2021 2:00am EDT

    Escobar: Pictures Of A Ukrainian Dream Authored by Pepe Escobar via The Saker blog, Picture yourself about to meet a girl with kaleidoscope eyes… No. Sorry. Actually picture merry lines of code in the R programming language – wallowing in a happy valley of game theory models which would not preclude Goth or New Romantic […]

  • America Is Playing With Fire…

    ZeroHedge - May 12th 2021 11:40pm EDT

    America Is Playing With Fire… Authored by Evelyn Markus via The Gatestone Institute, On May 8, 1945, men and women rushed to the streets of New York, London and Moscow to hug, kiss and dance. Germany had just surrendered. The war against Nazi Germany was over. The killing had stopped. A great evil had ended. […]

  • Antimony: A Mineral With A Critical Role In The Green Future

    ZeroHedge - May 12th 2021 11:20pm EDT

    Antimony: A Mineral With A Critical Role In The Green Future If someone asked you to name the first mineral that came to mind, odds are, it wouldn’t be antimony. Yet, despite its lack of fanfare, Visual Capitalist explains below just how significant a role it plays in our day-to-day lives. This graphic from Perpetua Resources provides […]

  • Divided We Stand: Why We Must Resist Political ‘Unity’

    ZeroHedge - May 12th 2021 11:00pm EDT

    Divided We Stand: Why We Must Resist Political ‘Unity’ Authored by Bruce Frohnen via RealClearPolicy.com, We hear a lot about “unity” these days. The Biden administration promises and even demands it. Meanwhile, Republicans (and some Democrats) charge the administration with hypocrisy because its radical programs can’t garner a legislative majority — let alone the consensus […]

  • Fake Lobster Meat Grown In Labs Could One Day End Up In Supermarkets 

    ZeroHedge - May 12th 2021 10:40pm EDT

    Fake Lobster Meat Grown In Labs Could One Day End Up In Supermarkets  A Wisconsin-based startup is developing lobster and other seafood meat in a lab for a more sustainable approach for future food.  Cultured Decadence is creating cell-cultured seafood products that are nutritious, animal-friendly, and, most importantly, eco-friendly, according to Wisconsin State Journal. A quick overview […]

  • Why Is the Government Hiding January 6 Video Footage?

    ZeroHedge - May 12th 2021 10:20pm EDT

    Why Is the Government Hiding January 6 Video Footage? Authored by Julie Kelly via American Greatness (emphasis ours), Joe Biden calls it the worst attack since the Civil War. Attorney General Merrick Garland compares it to the 1995 Oklahoma City bombing. The FBI is breaking down the doors of Iraq War veterans and small business […]

  • Meituan’s CEO Sees Billions Wiped Out Over An Innocuous Thousand-Year Old Chinese Poem

    ZeroHedge - May 12th 2021 10:00pm EDT

    Meituan’s CEO Sees Billions Wiped Out Over An Innocuous Thousand-Year Old Chinese Poem A seemingly innocuous post on an obscure social media platform by a Chinese billionaire CEO has sent shockwaves through the country’s tech industry, and cost food delivery giant Meituan many billions in a mere few days in what seems a repeat of last year’s Jack Ma […]

  • Ira Sohn Conference Highlights: Einhorn’s “New Oil”, ESG Mania And More

    ZeroHedge - May 12th 2021 9:40pm EDT

    Ira Sohn Conference Highlights: Einhorn’s “New Oil”, ESG Mania And More The Sohn Investment Conference has gained public scrutiny over the past couple of decades as the marquee event in the hedge fund universe, where top managers gather to announce their latest long or shorts – either just after they’ve put them on or just […]

  • Lawmakers Reintroduce Bill To Ban “Ghost Guns”

    ZeroHedge - May 12th 2021 9:00pm EDT

    Lawmakers Reintroduce Bill To Ban “Ghost Guns” Authored by Janita Kan via The Epoch Times, Lawmakers have reintroduced a bill that they say would ban so-called “ghost guns,” or guns that are made from a build-it-yourself kit, in their latest gun control effort. The measure, dubbed the Untraceable Firearms Act, would expand the federal law’s definition of […]

  • Doug Casey: Why Modern Monetary Theory Will Destroy Money…

    ZeroHedge - May 12th 2021 8:20pm EDT

    Doug Casey: Why Modern Monetary Theory Will Destroy Money… Via InternationalMan.com, Modern Monetary Theory (MMT) centers around the notion that the economy in general, and money in particular, should be the creatures of the State. It’s not a new idea – the meme has been around in one form or another since at least the […]

  • Purdue Pharma’s Bankruptcy Has Cost The Company Nearly $400 Million In Professional Fees

    ZeroHedge - May 12th 2021 8:00pm EDT

    Purdue Pharma’s Bankruptcy Has Cost The Company Nearly $400 Million In Professional Fees Today in the “efficiency of the legal system” news… Professionals working on the bankruptcy of Purdue Pharma have amassed almost $400 million of fees and expenses, making up about half of the entire amount that all individuals harmed by the firm’s drug, […]

  • The COVID Baby Bump That Wasn’t

    ZeroHedge - May 12th 2021 7:40pm EDT

    The COVID Baby Bump That Wasn’t Authored by Michael Gartz via The American Institute for Economic Research, The year 2020 generated several visible changes to the structure of our society. In the US, citizens migrated to different parts of the country, workers changed or lost jobs, and education became virtual.  One thing, however, has not […]

  • Chicago Gun Network Traced To Enlisted Soldiers At Ford Campbell 

    ZeroHedge - May 12th 2021 7:20pm EDT

    Chicago Gun Network Traced To Enlisted Soldiers At Ford Campbell  Chicago is a dangerous liberal-run city with recent crime statistics that show gun violence is out of control. One unlikely source of gun violence is three enlisted soldiers at Fort Campbell, Kentucky, who operated a gun smuggling operation into the metro area.  Demarcus Adams, 21; […]

  • U.S. Army Corps Of Engineers To “Resume” Border Wall Construction 

    ZeroHedge - May 12th 2021 7:00pm EDT

    U.S. Army Corps Of Engineers To “Resume” Border Wall Construction  President Biden is finally wising up after stoking a crisis at the southern U.S. border, which started after the 2020 election. Fox News reports the U.S. Army Corps of Engineers will restart border wall construction in Rio Grande Valley.  Fox News’ Bill Melugin tweeted, “Fox News has […]

  • SoftBank Reports Record Profits For Japanese Firm But Shares Slide As Market Demands Buybacks

    ZeroHedge - May 12th 2021 6:40pm EDT

    SoftBank Reports Record Profits For Japanese Firm But Shares Slide As Market Demands Buybacks SoftBank just capped off a series of robust quarterly earnings reports by delivering the biggest-ever quarterly profit for a Japanese firm: On Wednesday, the Japanese telecom firm with a VC arm reported net income of $17.7 billion – or ¥1.93 trillion […]

  • Tesla Suspends Bitcoin Payments Over “Concerns About Environmental Impact”

    ZeroHedge - May 12th 2021 6:29pm EDT

    Tesla Suspends Bitcoin Payments Over “Concerns About Environmental Impact” After announcing plans to accept payment for Tesla’s cars in bitcoin back in February, Tesla CEO Elon Musk has just announced via tweet that the company will suspend bitcoin payments over concerns about the environment. As perhaps the biggest booster of bitcoin in corporate America, Tesla […]

  • US Considering Foreign Tankers To Move Domestic Fuel Supplies

    ZeroHedge - May 12th 2021 6:20pm EDT

    US Considering Foreign Tankers To Move Domestic Fuel Supplies By John Gallagher of Freight Waves The U.S. Department of Transportation (DOT) is assessing whether American tankers can meet emergency fuel demands caused by the Colonial Pipeline shutdown or if foreign ships will be needed to help fill the gap. “The Biden-Harris administration is continually assessing […]

  • “I’m Not At All Excited”: China’s Digital Yuan Is Turning Into A Giant Flop

    ZeroHedge - May 12th 2021 6:00pm EDT

    “I’m Not At All Excited”: China’s Digital Yuan Is Turning Into A Giant Flop It was supposed to be the biggest threat to the reserve status of the dollar (China’s denial that it has no desire to replace the USD with the digital yuan only confirms it) since the failed experiment that is the “whatever […]