Judgment Day for Evergrande

Sarah Connor (Terminator 2): “The Survivors of the nuclear holocaust called the war Judgement Day. They lived only to face a new nightmare: the way against the machines.” ZeroHedge: https://www.zerohedge.com/markets/evegrande-default-inevitable-sp-warns-chinese-developer-misses-dollar-bond-payments Evergrande Default Is “Inevitable” – S&P Warns As Chinese Developer Misses Dollar Bond Payments Having sold its Gulfstream Jets, dumped assets (at fire-sale prices), and seenContinue reading “Judgment Day for Evergrande”

BTC – the Biden Trade

ZH: https://www.zerohedge.com/geopolitical/biden-mulls-cutting-russia-swift-ahead-putin-call-nuclear-option-response-ukraine With the United States cutting back its own oil production in the name of “climate”, and fueling double-digit inflation, why would we consider shooting ourselves in the foot over Ukraine? Well, maybe Hunter Biden knows – he’s pulled enough dough out of Ukraine’s oligarchs for himself with “10% for the Big Guy.” OneContinue reading “BTC – the Biden Trade”

“Six-one going down, Six-one going down. Hold on!”

https://www.zerohedge.com/markets/sp-500-futures-had-bad-week-worse-lies-ahead S&P 500 Futures Had a Bad Week, Worse Lies Ahead By Mark Cranfield, Bloomberg Markets Live commentator and analyst S&P 500 futures have a distinctly bearish tone after a week of whiplash trading, which began with the post-Thanksgiving Day meltdown. Though it hasn’t been a one-way street lower, intraday bounces for the contract have been fadingContinue reading ““Six-one going down, Six-one going down. Hold on!””

Saxo Bank’s 22 Calls for 2022

https://www.home.saxo/insights/news-and-research/thought-leadership/outrageous-predictions The predictions focus on a series of unlikely but underappreciated events which, if they were to occur, could send shockwaves across financial markets: The plan to end fossil fuels gets a rain check Facebook faceplants on youth exodus The US mid-term election brings constitutional crisis US inflation reaches above 15% on wage-price spiral EUContinue reading “Saxo Bank’s 22 Calls for 2022”

The 2022 Crunch

When debt overwhelms a shrinking working population – the ever widening chasm of an economy serving a barely growing “We the People” versus an economy twisted/tortured to serve the needs of an infinitely “growing” financial system serving “the Few”. Econimica: https://econimica.blogspot.com/2021/11/next-economic-financial-crisis-begins.html The fuel for economic growth, particularly in a nation running gargantuan trade and budgetContinue reading “The 2022 Crunch”

Nu Thing

ZeroHedge Summary: https://www.zerohedge.com/markets/scared-nu-world-heres-what-we-know-about-new-covid-strain Summarizing of our post from last night (which we urge everyone to read) for those who are just now waking up to the global chaos resulting from the B.1.1.529 variant, which today got the Greek letter designation Omicron, skipping the widely expected letter Nu (and certainly the one following it, Xi), here is what we know, courtesyContinue reading “Nu Thing”

Less is More

Chris Hamilton of Econimica: https://econimica.blogspot.com/2021/11/housing-employment-inflation-and-2022.html Housing, Employment, Inflation, and 2022 Some times saying less can say more. Given that, I’m going to offer four variables relating to housing and hopefully let them and their relationships do the talking. 1- US median home price versus total US employees. 1970 through 2021 (YE est.). Since 2019: —HomeContinue reading “Less is More”

OSHA Mandate Smack-down

Take this unconstitutional order and shove it: https://www.ca5.uscourts.gov/opinions/pub/21/21-60845-CV0.pdf Zero Hedge: https://www.zerohedge.com/political/it-raises-serious-constitutional-concerns-appeals-court-re-affirms-stay-biden-vaccine “It Raises Serious Constitutional Concerns” – Appeals Court Re-Affirms Stay On Biden Vaccine Mandate One wouldn’t know it by scanning the front pages of say WaPo, NYT or Bloomberg where it wasn’t even mentioned, but late on Friday a bad week, month and yearContinue reading “OSHA Mandate Smack-down”

When Your Own Witness Blows Your Case

https://www.zerohedge.com/political/rittenhouse-witness-blows-case-prosecution-admits-he-pointed-gun-advanced-first Rittenhouse Witness Blows Case For Prosecution, Admits He Pointed Gun, Advanced First A ‘star’ witness for the prosecution in the Kyle Rittenhouse trial just blew the entire case for the prosecution, after he admitted to pointing his own gun at Rittenhouse before the teen shot his bicep off. “It wasn’t until you pointed your gunContinue reading “When Your Own Witness Blows Your Case”

House of Pain

Tim Knight: https://slopeofhope.com/2021/11/burning-down-the-house-2.html Burning Down the House One of today’s train wrecks is Zillow (symbol Z) which I only found out recently decided that no one knew more about real estate data than they did, so they would become the world’s biggest house-flippers. Well, that’s not working out so great. It would be like takingContinue reading “House of Pain”