markets


Philadelphia Fed Admits US Payrolls Overstated By At Least 800,000

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Just more data manipulation and fabrication by the Biden administration.


In Historic Reversal, US To Restart A Shut Down Nuclear Power Plant For The First Time Ever

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Is the long awaited - and overdue - restart of the American nuclear age finally here?


Did China Just Quietly Start QE

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"the People’s Bank of China should gradually increase the trading of treasury bonds in its open market operations".


US Breaks Oil Price Ceiling Of $79 In Latest SPR Purchase

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The latest crude oil purchase that the Department of Energy made as part of refill plans for the strategic petroleum reserve cost an average of over $81 per barrel, exceeding the $79 ceiling set by the federal government.


Moody's Warns Bridge Collapse Is "Credit Negative" For Baltimore As Economic Shock Emerges 

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"The bridge collapse threatens to disrupt aspects of the State of Maryland (Aaa stable) and City of Baltimore (Aa2 stable) economies." 


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Hawkish Waller; Q4 GDP revised up, Core PCE revised down; Inline jobless claims; Weak Chicago PMI; PHS beat; Soft German retail sales; Dovish ECB Villeroy; More Japan jawboning; Strong WBA earnings

Stocks, Gold, & Crypto Soar In Q1 Despite Rout In Rate-Cut Expectations

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S&P's best start to a year since 2019... as over four rate-cuts were wiped off the table...


"We Don't Want Your Nice, Cheap Stuff, Thanks"

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What would China do with its flood of new production if the West won’t buy it?


Dollar Rally Is On Borrowed Time As US Disinflation Lags World

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The current rally in the dollar is soon likely to face resistance from rising real-yield differentials with the rest of the world, driven by global inflation that is falling faster than in the US.


Gold: The Everything Hedge

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All of these trends — flat output, rising central bank demand, hedging, protection against digital confiscation and simple momentum — will continue.


36 Rural Hospitals Have Closed Since 2020

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Below are the 36 rural hospitals that closed since 2020, beginning with the most recent.


Carnival Cruise Warns Of Profit Hit From Frozen Baltimore Port After Bridge Collapse

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"This is a really hard, messy problem... It's a bit like a really complex..." 


Bidenomics Blowback - Survey-Based Sentiment Collapses As 'Hope' Evaporates

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...so much for Bidenomics.


BlackRock CEO "Very Bullish" On Bitcoin As Its ETF Crosses $17 Billion

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"IBIT is the fastest growing ETF in the history of ETFs. Nothing has gained assets as fast as IBIT in the history of ETFs"


Fisker Slashes Price Of Its Only Model By 39% In Last-Ditch Bid To Stay Solvent

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The price cut marks a $24,000 discount to the model's original MSRP. 


FInal Q4 2023 GDP Revision Comes In Red Hot 3.4%, Beating Estimates

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It's ancient history by now, but moments ago the Biden Bureau of Economic Goalseeking Analysis reported that in its third estimate of Q4 GDP, the US was estimated to have grown by 3.4% (3.440% to be precise), above the 3.2% reported last month and above the 3.2% estimate.


Stocks Set To Close Blowout Week, Month And Quarter At All-Time High; Gold Soars To Record

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Feels a little like the early stages of Weimar Germany, doesn't it


Leaked Document Reveals Amazon To Dump Office Space, In Cost-Cutting Move Amid CRE Tower Crisis

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More bad news for CRE space. 


Bad Is Good

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Everyone thinks of inflation as being purely a financial phenomenon. However, it is much more than that. It is also a social phenomenon...


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  • European bourses hold a positive bias whilst Stateside futures are subdued ahead of a busy docket
  • Dollar bid acting as a drag on G10 peers, Antipodeans lag
  • Bonds are lower in a continuation of post-Waller price action
  • Crude and XAU remains in the green despite the stronger Dollar as geopols remain in focus
  • Looking ahead, Highlights include US GDP (F), IJC, UoM Inflation Expectations (F), Japanese Tokyo CPI & Unemployment Rate, Comments from ECB’s Knot, BoE’s Mann &amp