• Sam Bankman-Fried’s FTX Looking At “Path” Toward Deal For RobinhoodZeroHedge - Jun 27th 2022 3:21pm EDT

    Sam Bankman-Fried’s FTX Looking At “Path” Toward Deal For Robinhood Robinhood shares have popped more than 10% during intraday trading on Monday after Bloomberg announced that FTX’s Sam Bankman-Fried, who is already an investor in the company, was seeking a path to acquire the struggling brokerage.  Bloomberg reported late in the day on Monday that […]

  • “F**k Clarence Thomas!” Shouts Chicago Mayor Lori Lightfoot During Pride ParadeZeroHedge - Jun 27th 2022 3:06pm EDT

    “F**k Clarence Thomas!” Shouts Chicago Mayor Lori Lightfoot During Pride Parade “Lori Lightfoot… Lori Lightfoot… Lori Lightfoot…” Chicago’s foul-mouthed Mayor took to the stage at this weekend’s Pride Parade, where she declared “fuck Clarence Thomas,” following Friday’s Supreme Court decision overturning Roe v. Wade. “So we know what happened in the Supreme Court yesterday. If […]

  • Why Government Anti-Inflation Plans FailZeroHedge - Jun 27th 2022 2:45pm EDT

    Why Government Anti-Inflation Plans Fail Authored by Daniel Lacalle, Governments love inflation. It is a hidden tax on everyone and a transfer of wealth from bank deposits and real wages to indebted governments that collect more receipts via higher indirect taxes and devalue their debts. That is why we cannot expect governments to take decisive […]

  • Supreme Court Sides With Football Coach Who Led Student PrayerZeroHedge - Jun 27th 2022 2:25pm EDT

    Supreme Court Sides With Football Coach Who Led Student Prayer The Supreme Court has once again ruled for conservatives, this time ruling in the case of Kennedy v. Bremerton that public school officials violated a high school coach’s First Amendment rights when they fired him for repeatedly praying at the 50-yard line during football games […]

  • Iranian Food Consumption Plummets As Prices SoarZeroHedge - Jun 27th 2022 2:05pm EDT

    Iranian Food Consumption Plummets As Prices Soar Via OilPrice.com, Food prices are continuing to climb across the globe. Iran has seen its consumption of fruits and vegetables collapse by as much as 30%. Food supplies could be disrupted in Iranian hospitals and government facilities in the coming weeks. Iranians are consuming fewer fruits and vegetables […]

  • Biden Drains US Strategic Oil Reserve To Lowest Since 1986; UAE Warns Not To Expect Any Help From OPECZeroHedge - Jun 27th 2022 1:45pm EDT

    Biden Drains US Strategic Oil Reserve To Lowest Since 1986; UAE Warns Not To Expect Any Help From OPEC Continuing to do the same action and expecting different results is the Einsteinian definition of insanity… but that hasn’t stopped the Biden administration in the case of its attack of his oil/gas prices. This morning, despite […]

  • “Anus Scanning Camera”: Just How Much Federal Pork And Waste Are Your Tax Dollars FundingZeroHedge - Jun 27th 2022 1:25pm EDT

    “Anus Scanning Camera”: Just How Much Federal Pork And Waste Are Your Tax Dollars Funding By Adam Andrzejewski of Open The Books Substack The ever-rising national debt just surpassed $30 trillion this year – at least $91,613 for every person in the U.S. So, just how much federal waste, silliness, weird or unnecessary spending are […]

  • Welcome To QT: Terrible 5Y Auction Prices With Huge Tail As Foreign Demand TumblesZeroHedge - Jun 27th 2022 1:21pm EDT

    Welcome To QT: Terrible 5Y Auction Prices With Huge Tail As Foreign Demand Tumbles After an ugly, tailing 2Y auction 90 minutes earlier, moments ago the Treasury concluded the second auction for the day in this week’s accelerated issuance schedule, when it sold $47 billion in 5Y paper at a high yield of 3.271%. This […]

  • Michael Burry Agrees: “Bullwhip Effect” Will Force Powell To Pivot On Rate Hikes And QTZeroHedge - Jun 27th 2022 1:05pm EDT

    Michael Burry Agrees: “Bullwhip Effect” Will Force Powell To Pivot On Rate Hikes And QT In the past month we showed readers on at least two occasions… Bullwhip Effect Ends With A Bang: Why Prices Are About To Fall Off A Cliff Deflationary Tsunami On Deck: A “Tidal Wave” Of Discounts And Crashing Prices … […]

  • Funds Sell Oil At Fastest Rate In 15 Weeks As Economic Outlook WorsensZeroHedge - Jun 27th 2022 12:45pm EDT

    Funds Sell Oil At Fastest Rate In 15 Weeks As Economic Outlook Worsens By John Kemp, senior energy analyst at Reuters Investors sold petroleum last week at the fastest rate since just after Russia’s invasion of Ukraine, as the deteriorating economic outlook trumped fears about the impact of sanctions on oil supplies.   Hedge funds […]