Blackouts in the Red Ponzi

Container Shipping’s Latest Shock: Blackouts in China The Loadstar Factories in at least ten Chinese provinces have either cut output or closed temporarily this month, after government-imposed power cuts to curb carbon emissions. By Friday, at least 10 publicly listed companies told the Shanghai and Shenzhen stock exchanges their factory output had been hit byContinue reading “Blackouts in the Red Ponzi”

“We got Condition Red and we’re definitely expecting rain.”

Excess liquidity is the ratio of a monetary aggregate to nominal GDP. It is often referred to as the “Marshallian K”, which is equivalent to the inverse of the “velocity of money.” The Marshallian K fell below zero in 2010, a year when the S&P 500 Index suffered a 16% correction. A similar dip inContinue reading ““We got Condition Red and we’re definitely expecting rain.””

If it’s somethin’ weird an’ it don’t look good

If there’s somethin’ strange in your neighborhoodWho ya gonna call?(Ghostbusters!)If it’s somethin’ weird an’ it don’t look goodWho ya gonna call?(Ghostbusters!) With the “Federales” talking up more lockdowns, their Ministry of Truth expanding and formalizing their diktats to their all-too-enthusiastic oligarchical cronies, and the casino face-planting while inflation steps up, it makes you wonder: howContinue reading “If it’s somethin’ weird an’ it don’t look good”

Mike Wilson: “If being a bear is wrong, I don’t want to be right.”

Courtesy of Tyler Durden: Mike Wilson Re-Emerges As Wall Street’s Biggest Bear: Here’s Why He Expects A 20% Drop In Stocks BY TYLER DURDENMONDAY, JUL 12, 2021 – 02:40 PM Back in the summer of 2018, when stocks were surging at least until the fourth quarter when the Fed made the policy error ofContinue reading “Mike Wilson: “If being a bear is wrong, I don’t want to be right.””

JPM: “purchase July 95% strike puts on BIDU, PDD, SWKS, QCOM, OKTA, XLNX and/or TSLA”

The trend’s your friend … until it ends. And trends always end. ZeroHedge jumped all over JPM’s note calling a tech correction in July: “The Correlation Is Broken”: JPMorgan Tells Clients To Buy Puts In These Tech Stocks Last week, ahead of the massive Momentum ETF (MTUM) rebalance, we showed something remarkable: momentum stocks had undergoneContinue reading “JPM: “purchase July 95% strike puts on BIDU, PDD, SWKS, QCOM, OKTA, XLNX and/or TSLA””

Achegos Margin Call

Robert Gore teaches some great truths in his “Everything I Know About Business I Learned From The Godfather.” I grew up in that neighborhood so I never needed to read Gore. I got it every day. Bodies dumped in allies, Grazy Joey Gallo, Colombo. I lived within 200 feet of Don Carlo Gambino’s house. VeryContinue reading “Achegos Margin Call”

The Electric Slide

Tim Knight (Slope of Hope) on the “electric slide”: Not long ago, all you needed to to as a company to guarantee success as a financial entity was to somehow associate yourself with electric cars. That’s over. Just take a look at the corrosive erosion taking place across the entire sector. My view isContinue reading “The Electric Slide”

Jerome Pow

Tim Knight at Slope of Hope: Well that didn’t take long. Yesterday, the good people of our once-great Republic had about half a trillion dollars shoved into their bank accounts. The great hope was that this mountain of “stimmy” would flow directly into equities, pushing the Dow to – – what? – – 90,000 in a few months? AddedContinue reading “Jerome Pow”