Starlink Becoming a Military Target in the SMO

Starlink is a satellite internet constellation operated by SpaceX, providing satellite Internet access coverage to over 50 countries. It also aims for global mobile phone service after 2023. SpaceX started launching Starlink satellites in 2019. As of February 2023, Starlink consists of over 3,580 mass-produced small satellites in low Earth orbit (LEO), which communicate withContinue reading “Starlink Becoming a Military Target in the SMO”

Tom Luongo and The Duran on The Fed-Davos War – Short BlackRock Edition

Tom Luongo and The Duran Or, if you want the condensed version, here’s Mark Wauck with his summary: Alex Mercouris starts it off by asking two questions: Is this banking crisis serious? and Where is the weakness–in Europe or in the US? Luongo: It’s not so much one or the other, it’s the questionContinue reading “Tom Luongo and The Duran on The Fed-Davos War – Short BlackRock Edition”

No Retreat No Surrender

Armstrong Economics: The Fed Does Not Back Down COMMENT: Marty, it’s refreshing to have Socrates that is totally unbiased. It projected continued rising rates into next year and the Fed just proved its point. It is not backing down. Thank you. Socrates is very enlightening. GS ANSWER: I know there were a lot of talks thatContinue reading “No Retreat No Surrender”

Don’t Bring a Drone to Gunfight. Message Received?

Note the damaged prop blades: As reported by Just Security, at the time of the intercept, the Reaper was flying ~60 km (~35 miles) southwest of the Crimean Peninsula, Ukrainian territory that Russian lawfully annexed in 2014. In this regard, the Russian Ambassador to the United States, Anatoly Antonov, declared, “American aircraft have no business beingContinue reading “Don’t Bring a Drone to Gunfight. Message Received?”

A Tale of a Progressive Money Laundry

Now that we filled in some blanks, let’s add some color, courtesy of ZH Gavin Newsom Kept SVB Ties Secret While Lobbying For Bailout Multimillionaire California Governor Gavin Newsom failed to disclose his ties to Silicon Valley Bank while lobbying the White House and the Treasury Department over a pending bailout, The Intercept reported on Tuesday. The White HouseContinue reading “A Tale of a Progressive Money Laundry”

Our “Best in Class Eurotrash”: CS

CS dove 15% to hit a record low. No surprise, swaps on five-year debt rose to 450 basis points on €10,000 of CS’s senior debt against default for a year. Wanna graph? Got ya covered. How’s that for going ballistic? For context, here’s the index spread. Unlike Silicon Valley, Eurobank balance sheets tend to beContinue reading “Our “Best in Class Eurotrash”: CS”