Watch Live: Bankman-Fried Claims “Did Not Knowingly Commingle Funds” It appears Sam Bankman-Fried is using the ‘Simple Jack’ defense… Bankman-Fried started the interview by saying he’s deeply sorry about what happened. “I didn’t ever try to commit fraud on anyone,” Bankman-Fried (SBF) said. He claims he was shocked by what happened this month. “I have…
Category: Economy
White House ‘Welcomes’ Death Of 2nd ISIS Leader In Under A Year
White House ‘Welcomes’ Death Of 2nd ISIS Leader In Under A Year The White House on Wednesday is hailing the death of a terrorist purported to be the latest leader of the Islamic State, though the group has long been driven underground. The Associated Press is reporting the death of Abu al-Hassan al-Hashimi al-Qurayshi. “We…
(Must Watch) MANNARINO MELTS DOWN! And STOCKS SURGE HIGHER AS ECONOMY CRATERS FASTER.
Link To The MMRI (Mannarino Market Risk Indicator), FREE Downloads And More! Click Here: https://traderschoice.net/about-traders-choice/ PLEASE SUPPORT MY WORK. Click here: https://www.paypal.com/paypalme/GregoryMannarino Click this link for the original source of this article. Author: Gregory Mannarino This content is courtesy of, and owned and copyrighted by, https://gregorymannarino.substack.com and its author. This content is made available by…
Car Brands With the Best and Worst Dealership Experiences
The car industry has been severely disrupted by the pandemic. Shortages in vehicles and components, caused by supply chain problems especially of semiconductor chips used in cars, have hit the industry particularly hard and caused car prices to shoot up. These ongoing issues have caused discontent for customers and problems for sellers, resulting in an…
Wall Street Reacts To Powell’s Dovish Speech As Markets Explode Higher
Wall Street Reacts To Powell’s Dovish Speech As Markets Explode Higher Stocks are soaring because once again CNBC’s in-house clown Jim Cramer was dead wrong when he predicted that Powell has “every reason to be hawkish” after today’s stronger than expected Q3 GDP – because apparently the Fed looks at 6 month old lagging indicators…
“We’re In For A Really Big Mess” – Charles Nenner Warns “War Cycle To Really Heat Up In 2023”
“We’re In For A Really Big Mess” – Charles Nenner Warns “War Cycle To Really Heat Up In 2023” Via Greg Hunter’s USAWatchdog.com, Renowned geopolitical and financial cycle expert Charles Nenner said, back in September, the markets would sink and then go back up. Both calls happened right on time. What does Nenner see now? Nenner…
South Korea Scrambles Jets To Warn Off Inbound Chinese-Russian Joint Bomber Patrol
South Korea Scrambles Jets To Warn Off Inbound Chinese-Russian Joint Bomber Patrol An unusual incident occurred Wednesday over regional waters at a moment tensions across the Korean peninsula remain high. A group of Chinese and Russian fighter jets abruptly breached South Korea’s Air Defense Identification Zone (ADIZ), causing the South Korean military to scramble jets…
Brazil Approves Bill Regulating Use Of Bitcoin As Payment
Brazil Approves Bill Regulating Use Of Bitcoin As Payment Authored by ‘NAMCIOS’ via BitcoinMagazine.com, Brazilian lawmakers have approved a complete regulatory framework for the trading and use of cryptocurrencies in the country… Voted on Tuesday evening in Brasilia, the country’s capital, the new rules recognize bitcoin as a digital representation of value that can be…
Russia Counters That US “Lack Of Desire” Behind Collapse Of New START Talks
Russia Counters That US “Lack Of Desire” Behind Collapse Of New START Talks Russia has rejected White House accusations that Moscow is to blame for the collapse of the planned resumption of New Strategic Arms Reduction Treaty (New Start) negotiations, which were supposed to kick off this week and run into the next. On Monday the United…
Lions and Friends! WE CALLED THIS BEFORE ANYONE ELSE!
Lions and friends! From several months ago we knew this would happen! (See the headline below). Can I PLEASE see your SHOCKED face! Next will be followed by a pause- and inflation will continue to rise! Count on it. Fed Chair Powell says smaller interest rate hikes could start in December. Click HERE: https://www.cnbc.com/2022/11/30/fed-chair-jerome-powell-says-smaller-rate-hikes-could-come-in-december.html Click…
17 World Changing Events That Shaped the Earth as We Know It
Mauna Loa, an active volcano on Hawaii’s Big Island, began erupting in late November for the first time in nearly four decades. There are reports of lava fountains spewing as high as 164 feet into the air. Still, the eruption is not expected to cause any loss of life, nor any lasting impact to infrastructure,…
Consequences Unintended and Unanticipated
Those of us who are friendly to decentralized market processes and are skeptical of centralized intervention in the market often speak about unintended consequences of intervention. The idea of unintended consequences is important, but it also comes in a few different degrees and forms worth unpacking. For now, I want to elaborate and expand on the…
Next Week Will Be Critical For Oil Markets
Next Week Will Be Critical For Oil Markets By Tsvetana Paraskova of OilPrice.com The next few days will be one of the most critical for the oil market in weeks as several events and factors at the same time could determine the trend in prices by the end of this year and beyond. While the…
MMRI At 250… Anyone Care To Speculate Where It Might Go From Here?
Lions and friends… The MMRI, Mannarino Market Risk Indicator as I am posting this is sitting at 250, a HIGH RISK situation. If you have a moment, please click on any of the highlighted MMRI to see the chart/trend of the MMRI. Keep in mind that the MMRI measures market risk in REAL TIME by…
South Dakota Governor Bans TikTok From State-Owned Devices
South Dakota Governor Bans TikTok From State-Owned Devices Government employees in South Dakota will no longer be allowed to have TikTok installed on government devices due to security concerns. “Because of our serious duty to protect the private data of South Dakota citizens, we must take this action immediately,” said Republican Governor Kristi Noem in…
Watch Live: Fed Chair Powell Sees Terminal Rate “Somewhat Higher”, Needs “Substantially More Evidence” On Inflation
Watch Live: Fed Chair Powell Sees Terminal Rate “Somewhat Higher”, Needs “Substantially More Evidence” On Inflation Watch Powell speak live at The Brookings Institute here: (due to start at 1330ET): “It will take substantially more evidence to give comfort that inflation is actually declining. By any standard, inflation remains much too high.” Highlights from Powell’s…
Democrat-Run House Votes To Push Labor Deal Down Railroad Unions’ Throats
Democrat-Run House Votes To Push Labor Deal Down Railroad Unions’ Throats Update (1315ET): As expected, Democrats have ‘crossed a line’ and voted to remove labor unions’ leverage by approving a bill to force them to accept the railroad labor deal. Pelosi said in a letter to her colleagues last night that Democrats have stood with…
Does The Inflation Risk Premium Decline Signal Lower Commodity Prices?
Does The Inflation Risk Premium Decline Signal Lower Commodity Prices? Authored by Steven Vanelli via Knowledge Leaders Capital blog, There are many ways to decompose the bond market to identify the component pieces to infer what the market is pricing in. The nominal long US Treasury bond is a function of two things: 1) the…
18 Irresistible Alcohol-Spiked Desserts
Desserts and alcohol can go hand in hand. Sipping champagne with a raspberry tart, Irish coffee with a bowl of chocolate mousse, or bourbon alongside a slice of pecan pie can feel like the utmost of luxury – an intoxicating experience in more ways than one. (These are the best bourbons in the U.S. right…
States Hit by the Most Weather Disasters in the Last Decade
Nine out of 10 U.S. counties have experienced a federally declared climate disaster between 2011 and 2021, according to a recently released report. Disasters such as flooding, wildfires, hurricanes, winter storms, or other extreme weather events affected nearly every part of the country. This means most U.S. residents are potentially in the path of natural…
The Little-Known Lawsuit Lobby
The Capital Research Center (CRC) works to shed light upon activist groups that seek to influence American public policy. Such groups are important to a healthy civil society, but the fact that many are not widely known—or their activities not widely understood—is problematic if one values a well-informed citizenry. To illustrate this, consider CRC’ s new…
French Toast?
French Toast? by Elwin de Groot, Head of Macro Strategy at Rabobank French president Macron and his wife have arrived in Washington for a two-day state visit to the White House. After a joint press conference with Illegitimate President Biden, dinner will be served on Thursday. We may not be in for the same intense moments…
Bombing At Ukrainian Embassy In Madrid Has Diplomats On High Alert
Bombing At Ukrainian Embassy In Madrid Has Diplomats On High Alert Ukrainian diplomats around the world are on high alert after a small bomb went off at Ukraine’s embassy in Madrid on Wednesday, injuring a diplomatic staff member. The embassy had received an envelope that exploded when it was either moved or opened, and the…
Break the Chains of Debt. A Simple Guide On How to Become DEBT FREE. By Gregory Mannarino
Lions and friends, I want you to have this. GM Break the Chains of Debt. A Simple Guide On How to Become DEBT FREE. By Gregory Mannarino Just imagine for a moment not owing money to anyone, trust me it is a great feeling and I want you to feel that way all the time….
WTI Extends Gains After Massive Crude Inventory Draw
WTI Extends Gains After Massive Crude Inventory Draw Oil prices extended yesterday’s gains this morning with WTI back above $80 after API reported inventories fell by almost 8 million barrels and further optimism of a rising demand outlook from Communist China lifting Zero-COVID restrictions. “Oil is starting to get its groove back and it looks like both…
Ugly JOLT: Job Openings Plunge By 353,000 As Hiring, Quits Fall To Multi-Year Lows
Ugly JOLT: Job Openings Plunge By 353,000 As Hiring, Quits Fall To Multi-Year Lows One month after the August Jolts report showed an unexplained surge in job openings (following the dire plunge in July when nearly 1 million job openings were gone), things are reverting back to normal because after the “freak” spike in job…
America’s Cheapest Housing Market
The residential housing market has been on a roller-coaster for almost three years. Early in this period, worker mobility because of “work from home” plans due to COVID-19 allowed people to relocate. Mortgage rates were below 3% as well, and these two factors increased residential and housing activity and price spikes. Recently, a slow economy and…
Watch: New Disney (Groomers) CEO Wants To “Quiet Things Down” After Company Exec Previously Revealed Open LGBTQ plan
Watch: New Disney (Groomers) CEO Wants To “Quiet Things Down” After Company Exec Previously Revealed Open LGBTQ plan Authored by Steve Watson via Summit News, The new CEO of Disney, Bob Iger, announced Tuesday that he will seek to “quiet things down” at the company following several high profile controversies, most notably the admission of an…
US Pending Home Sales Plunge To Biggest Annual Drop Ever
US Pending Home Sales Plunge To Biggest Annual Drop Ever After plunging by the most since COVID lockdowns in September, analysts expected US pending home sales to fall once again in October and they did, dropping 4.6% MoM (September was revised slightly higher from -10.2% MoM to -8.7% MoM)… Source: Bloomberg This the 5th straight…
Opening Bell Analysts Research Calls for Wednesday, November 30
This report was sent to Briefing.com subscribers earlier today. Upgrades: > Assa Abloy (ASAZY) upgraded to Neutral from Underperform at Exane BNP Paribas > Avadel Pharmaceuticals (AVDL) upgraded to Buy from Hold at Jefferies; tgt raised to $11 > Con Edison (ED) upgraded to Neutral from Underperform at BofA Securities > Cooper (COO) upgraded to…
Earnings Previews: ChargePoint, Marvell Technology, UiPath
The three major U.S. equity indexes closed mixed on Tuesday. The Dow Jones industrials ended the day up by a mere 0.01%, while the S&P 500 closed 0.16% lower and the Nasdaq down 0.59%. Six of 11 sectors closed lower, with technology (−0.98%) and utilities (−0.73%) falling the most. Real estate (1.71%) and energy (1.28%)…
Chicago PMI Collapses To COVID-Lockdown Lows, Screams ‘Recession’
Chicago PMI Collapses To COVID-Lockdown Lows, Screams ‘Recession’ In a massive downside surprise, the Chicago PMI survey just printed 37.2 (vs 47.0 expectations), plunging to its lowest level since the peak of the COVID lockdowns in 2020. This was below the lowest estimate of 25 economists surveyed. Source: Bloomberg Under the hoods was not pretty:…
BlockFi Files for Bankruptcy
BlockFi hasBlockFi’s largest unsecured creditors. Source: BlockFi’s bankruptcy filing. The problems with BlockFi preceded FTX, however. BlockFi’s business model always had flaws. BlockFi functioned much like a bank, albeit with an additional exchange. The core of the business involved encouraging people to use the platform with promised interest rates of 7%+ on USD stablecoin deposits….
Guangzhou Protesters Clash With Hazmat-Clad Riot Police Over Lockdowns
Guangzhou Protesters Clash With Hazmat-Clad Riot Police Over Lockdowns Protesters in the Chinese manufacturing city of Guangzhou clashed with hazmat suit-clad riot police Tuesday night, as anti-lockdown demonstrations escalated in the wake of protests in Shanghai, Beijing and other areas of the country. In footage posted to social media, protesters in Haizhu district could be…
BANKS ARE UNDERWATER BY OVER ONE TRILLION DOLLARS… YOU WILL BAIL THEM OUT AGAIN… GUARANTEED.
Link To The MMRI (Mannarino Market Risk Indicator), FREE Downloads And More! Click Here: https://traderschoice.net/about-traders-choice/ PLEASE SUPPORT MY WORK. Click here: https://www.paypal.com/paypalme/GregoryMannarino Click this link for the original source of this article. Author: Gregory Mannarino This content is courtesy of, and owned and copyrighted by, https://gregorymannarino.substack.com and its author. This content is made available by…
Taylor Swift’s Most Popular Albums
After a two-year hiatus, pop singer and hit-making machine Taylor Swift released her latest album, “Midnights,” on Oct. 21. Almost immediately, it sold 1.578 million units, joining her nine other studio LPs that went platinum – and trailing only Adele’s “25” for the biggest debut by a female performer in Billboard history. (Swift can also…
Wednesday’s Top Analyst Upgrades and Downgrades: Delta Air Lines, Microchip Technology, Philip Morris, Pinduoduo, Shopify and More
The futures were trading higher Wednesday as we get ready to finish off November and head to December, the final month of what has been a very difficult year for investors. The Dow Jones industrials and the Russell 2000 ground out small gains Tuesday, while the Nasdaq and S&P 500 closed lower. Many across Wall…
Europe’s Inflation Is on Fire
Europe’s brutal inflation rate is a sign of what could happen in the United States if energy prices rise again and supply chains tighten or become more expensive for companies to move goods. The inflation rate across the 19 European Union nations rose by 10% in November. European Central Bank’s Christine Lagarde believes there are…
States With the Largest US Army Presence
The U.S. Army is the biggest branch of America’s armed forces, with 465,239 active-duty personnel as of June 30, a decline from 486,141 in the same period a year ago. The U.S. armed forces strength, as measured by total personnel, is 1,357,753, a decrease from 1,393,912 a year ago. (Other militaries are larger. This is…
Warner Bros Discovery CEO Zaslav Faces Dumpster Fire
David Zaslav, once a well-regarded media executive, faces investors who think the company he runs — Warner Bros. Discovery — is a dumpster fire. It was created when the media assets of WarnerMedia were merged with Discovery, which Zaslav ran. Troubles at competitors Disney (Groomers) and AMC Networks have already cost CEOs their jobs. While Zaslav…
Oil Surrenders Most of 2022 Gains: 6 Stocks to Grab Now That Pay Huge Dividends
Beleaguered consumers being hit with the worst rise in inflation in 40 years have been cheering the recent decline in the benchmark pricing for oil, and with good reason. In five states, gasoline prices have fallen below $3 a gallon, and they could drop below $4 on the West Coast soon. That is a huge…
Here’s Every Song With Over 1 Billion Spotify Streams
Here’s Every Song With Over 1 Billion Spotify Streams Spotify has a relatively short history, launching in Europe in 2008, and eventually moving into the U.S. market in 2011. Since then, the Stockholm-based company has become the world’s most popular audio streaming service with 456 million users across 183 markets. With such a large userbase, major artists…
Volkswagen Says Electric Vehicle Battery Plants “Practically Unviable” In EU Due To Soaring Energy Costs
Volkswagen Says Electric Vehicle Battery Plants “Practically Unviable” In EU Due To Soaring Energy Costs Authored by Bryan Jung via The Epoch Times, Volkswagen’s CEO wrote that electric vehicle battery plants in the European Union are “practically unviable” at this moment due to soaring energy costs. Further investment in key industrial projects such as battery cell…
Church Vs Pub On Christmas Day
Church Vs Pub On Christmas Day One in five adults in the United States say they plan to go to church on Christmas Day this year. Some people however, intend to worship at a very different altar come December 25; according to the Statista Global Consumer Survey, six percent of U.S. adults will be heading to…
Housing Demand “Vaporized” After Rates Hit 7%…And A New Wave Of Inventory Is Next
Since Fringe Finance has started, I’ve scoured the Earth far and wide to try and bring a perspective on real estate to the blog that is going to be both no bullshit and an unfiltered on-the-ground opinion that I know and trust (and could add value to my readers). And to be honest, I didn’t…
Qatari Official Casually Admits ‘Between 400 & 500’ Worker Deaths For World Cup Construction
Qatari Official Casually Admits ‘Between 400 & 500’ Worker Deaths For World Cup Construction Authored by Brett Wilkins via Common Dreams, An Amnesty International campaigner on Tuesday led calls for “truth, justice, and compensation” after Qatar’s World Cup chief admitted that hundreds of migrant workers died during the construction of projects related to the FIFA tournament….
Stoltenberg Reaffirms Ukraine Will One Day Enter NATO
Stoltenberg Reaffirms Ukraine Will One Day Enter NATO NATO Secretary General Jens Stoltenberg in a Tuesday press briefing issued an ultra-provocative statement telling Ukraine that “NATO’s door is open”. He pledged that one day the eastern European country which has for nine months been under Russian invasion will become a NATO member. This of course…
United Kingdom PM Sunak Says “Golden Era” With Communist China Is Over, Rejects “Cold War Rhetoric”
United Kingdom PM Sunak Says “Golden Era” With Communist China Is Over, Rejects “Cold War Rhetoric” Authored by Lily Zhou via The Epoch Times (emphasis ours), The so-called “golden era” of the Sino–British relationship is over, the UK’s Prime Minister Rishi Sunak said on Monday. But Sunak dismissed what he said is “simplistic Cold War rhetoric,” saying…
All Of The World’s Money & Markets In One Visualization
All Of The World’s Money & Markets In One Visualization The era of easy money is now officially over. For 15 years, policymakers have tried to stimulate the global economy through money creation, zero interest-rate policies, and more recently, aggressive COVID fiscal stimulus. With capital at near-zero costs over this stretch, investors started to place…
Meloni Vs Macron – The Colonial End Game
Meloni Vs Macron – The Colonial End Game Authored by Tom Luongo via Gold, Goats, ‘n Guns blog, Sometimes the internet being eternal works to our advantage. Recently, there’s been a dustup in European politics over a three-year old video of now Italian Prime Minister Giorgia Meloni stepping on the third rail of European politics….
Don’t panic! Europe is not facing imminent de-industrialization.
“Volkswagen ID.5 Leonberg 2022 1X7A0459” by Alexander Migl, CC BY-SA 4.0. A couple of months ago, I wrote that Europe’s winter gas crisis wouldn’t be nearly as catastrophic as lots of people were predicting at the time. I was right. Europe bought a ton of liquefied natural gas from the U.S. — so much that…
