Category Archives: Uncategorized

Average card rates hit all-time high at 19% Credit loss provisions across the Big Four banks spiked the most in a decade (exclding CoVid lockdowns) Discover smacked-down on charge-offs

BigSerge: https://bigserge.substack.com/p/russo-ukrainian-war-the-world-blood For those unfamiliar with military operation, Big Serge offers a nice primer most commissioned officers learn early in their careers. This one is set in the current Russo-Ukrainian War and the Russian “attrition strategy”. This is pretty basic stuff and obvious to just about every former military officer I’ve spoken with. Yet, itContinue reading “Russo-Ukrainian War: The World Blood Pump — Bakhmut”

Two settlements taken – Lobkovoe and Maly Shcherbaki. Battles for the village of Shcherbaki. Russian army is directly approaching the town of Orekhov.

Winter intensifying in Europe as polar vortex temperatures are already -20C below average. More broadly, rapid warming in the stratosphere. Sudden stratospheric warming usually leads to 30-60 days of cold across the Northern Hemisphere. Zonal winds appear primed to unwind from the stratosphere, top-down. With that in mind, check out the dropping prices. “Target-rich environment”?Continue reading ““Buy the Rumor, Sell the News” – Naty Gas Feb23 Futures”

Having grown up in Joey Gallo’s neighborhood (https://en.wikipedia.org/wiki/Joe_Gallo), within mortar range of Carlo Gambino’s “casa”, you get a sense of a sanctioned hit. Larry Johnson seems to have the same “gestalt” about these things: https://sonar21.com/are-the-ukrainian-political-elite-starting-to-eat-each-other/ ********** ARE THE UKRAINIAN POLITICAL ELITE STARTING TO EAT EACH OTHER? 18 January 2023 by Larry Johnson You know that happy feelingContinue reading ” “Monastyrsky sleeps with the fishes””

Violation of the Espionage Act? Here’s the Espionage Act: https://www.law.cornell.edu/uscode/text/18/793 Some operative language: (e) Whoever having unauthorized possession of, access to, or control over any document, writing, code book, signal book, sketch, photograph, photographic negative, blueprint, plan, map, model, instrument, appliance, or note relating to the national defense, or information relating to the national defenseContinue reading “Violation of the Espionage Act (18 USC 793) or Tax Scam or Both?”

Alex Krainer: https://alexkrainer.substack.com/p/japans-economy-the-worlds-ticking?publication_id=1063805&post_id=97572798&isFreemail=true In Ernest Hemingway’s 1926 novel The Sun Also Rises, Bill asks Mike, “How did you go bankrupt?” “Two ways,” Mike said. “Gradually and then suddenly.” Hemingway succinctly conveyed the way things tend to fail. The gestation may be long: a slow, gradual compounding of headwinds, errors and missed opportunities, with failure becoming probable longContinue reading “An Epic Japanese Bomb Ticking”

The Cradle: https://thecradle.co/article-view/20403/europes-gas-emergency-a-continent-hostage-to-seller-prices ********** Europe’s gas emergency: A continent hostage to seller prices The 2022 outbreak of war between Russia and Ukraine revealed the importance of energy security in bolstering Moscow’s geopolitical power in Europe. The continent, which imported about 46 percent of its gas needs from Russia in 2021, found itself in a vulnerableContinue reading “It’s a Gas, Gas, Gas”

ZH: https://www.zerohedge.com/markets/beginning-end-credit-cycle The Beginning Of The End Of The Credit Cycle BY TYLER DURDEN TUESDAY, JAN 17, 2023 – 03:21 PM Authored by Simon White, Bloomberg macro strategist, The credit cycle is turning, which points to wider credit spreads, increasing loan-losses at banks, and rising equity volatility. Credit has exploded higher since the pandemic. But all goodContinue reading “Der Kreditzyklus ist tot!”