Margin debt at all-time high reaching $722.1 billion through November. Such peaks coinciding with spiking money supply and slowing monetary velocity signals haircuts ahead. Recall what they say about reefing sails – you do it the moment the thought first crosses your mind.
As Tyler observes, ISM falsely shows an uptick when, in fact, delivery time extension is more indicative of a supply chain disruption. Recall US industrial production remains stalled 5.6 percentage points below the long-run average. Nothing like this ever happened before. https://www.zerohedge.com/markets/ism-manufacturing-unexpectedly-soars-supplier-delivery-times-spike
Rodda et al. (2020) performed a longitudinal assessment of individuals recovered from mild COVID-19 to determine whether they develop and sustain multifaceted SARS-CoV-2-speciﬁc immunological memory. They determined that recovered individuals developed SARS-CoV-2-speciﬁc immunoglobulin (IgG) antibodies, neutralizing plasma, and memory B and memory T cells that persisted for at least 3 months. Their data further revealsContinue reading “CoVid Immunity”
If I may respectfully quote Tim Knight: “Let’s start with Bitcoin. Sunday evening, out of seven billion people on the planet, I was the only one stupid enough to actually say the following: ‘my wild guess at this point is that cryptos have – – for the time being – – peaked..’ Well, this sucker plunged FIVE THOUSANDContinue reading “Yikes!”
Where’s Jack? Lost in a memory hole? Maybe just like those American jobs lost – never to be seen again. https://dealbreaker.com/2021/01/opening-bell-1-4-2021
Iran seized Hankuk Chemi along with her cargo of ethanol. No doubt just a coincidence, ROK is holding Iranian assets seized for sanction violations. For additional information: https://www.zerohedge.com/geopolitical/irans-irgc-navy-seizes-south-korean-flagged-tanker-gulf-arrests-crew https://www.vesselfinder.com/vessels/HANKUK-CHEMI-IMO-9232369-MMSI-440172000
On January 2, 2021, the Daily Mail reported on US intell agencies concluding CoViD is the result of a lab breach at the Wuhan Institute of Virology (see https://www.dailymail.co.uk/news/article-9106951/Lab-leak-credible-source-coronavirus-outbreak-says-government-official.html). ZeroHedge picked up on that story and discusses growing evidence, including a whistleblower, cited by US intell makes it increasingly clear the PRC knew the trueContinue reading “Lab Leak Update”
MN Gordon on EconomicPrism (https://economicprism.com/how-to-triumph-in-2021-or-die-trying/): “In this context, those counting on government stimulus or relief payments to keep shoes on their feet and food in their bellies are going to be lacking. Indeed, many already are. But as disappointment has slipped to disenchantment something remarkable has happened. The populace has made ever greater demands forContinue reading “Triumph of Liberty”
At 0.27C, December 2020 saw a substantial drop in satellite-based temperature of the global lower atmosphere from November’s 0.53C. See: https://www.drroyspencer.com for the dataset and analysis.
“As recently as Thursday,” according to WGN, Sarah Chambers “tweeted to rally special education teachers not to return to work Monday because it’s unsafe. Just a few hours earlier, Chambers posted a picture on Instagram that appears to show her pool side in Puerto Rico and talking about going to Old San Juan for seafood.”Continue reading “Special Ed Poolside – the Chicago Way”