Climate Worries Are Non-Credible, Luxury Beliefs That Harm Civilization Itself Authored by Joakim Book via The Mises Institute, I live in a small village at the edge of lands surrounded by very harsh nature. Those who occupied these valleys in ages past lived ruthlessly dangerous lives, where starvation was a constant worry, the sea just as often nurtured as it took away, and the winters were long and perilous. Nowadays, while […]

Nike “Permanently” Laying Off 740 Employees At World Headquarters US athletic footwear and apparel company Nike announced late in the cash session on Friday that it is undergoing a restructuring effort to trim costs at its World Headquarters (WHQ) located in Beaverton, Oregon.  Michele Adams, VP of People Solutions at Nike, might be the most hated person at the company this afternoon. In a letter to staff, she wrote that […]

How Big Tech Is Consuming America’s Electricity And Water Authored by Kevin Stocklin via The Epoch Times (emphasis ours), As federal net-zero policies attempt to shift transportation, heating, and other essentials onto the electric grid, one of the hottest growth sectors of America’s economy is poised to increase electricity demand exponentially, further straining an energy infrastructure that is being pushed into the red. […]

Cocoa Hyperinflation Accelerates As Grindings Show No Demand Destruction  Cocoa hyperinflation is insane. The latest data from the futures market shows that cocoa prices in New York surged above the $12,000 per ton level today as the pace of processing in factories remains robust. This indicates that demand destruction has yet to emerge despite the massive multi-month parabolic price surge.  Cocoa futures surged 18% in the […]

A Chart To Think About Authored by Peter Tchir via Academy Securities, For all the “big tech”, momentum, hype; for all the “all-time highs”; this has not been a great year for tech… Based on closing prices, the only day since January 19th, that you could have bought the Nasdaq 100 index and be profitable, is January 31st (and unless I type quickly, that might not even be true). Had you came into the year long the […]

Shocking Video Shows Man Engulfed In Flames Outside Trump Trial In NYC Update (1440ET): “Latest: A man lit himself on fire outside courthouse where Trump trial underway, NYPD officials brief within hour. CNN team on the ground observed one of the flyers – it said “NYU is a mob front” and had various allegations of wrongdoings against the school,” reports CNN’s Jim Sciutto.  Latest: A man lit himself on fire outside courthouse […]

Freedom Caucus Posts Rotating Guard To Block Sneaky Leadership Moves In a sign of growing discord among House Republicans, members of the Freedom Caucus are taking turns monitoring the House floor to prevent the GOP leadership from using sneaky procedural tactics to sap the power of increasingly rebellious conservatives.   Specifically, they’re wary that party leaders and their allies will, without prior announcement, bring […]

Watch: Migrants Complain That New Yorkers Don’t Learn African Languages Authored by Steve Watson via Modernity.news, A hearing held earlier this week in New York by the Council’s immigration and hospital committees saw black migrants who have arrived in the city airing their grievances about public services they have been provided, including food and accommodation, with one woman even complaining that New Yorkers won’t learn […]

5 Things You Didn’t Know About Bitcoin Halvings & BTC Price Every four years, the Bitcoin community celebrates the Bitcoin halving. Many BTC market analysts view this as a quadrennial milestone event due to its historically bullish impact on the cryptocurrency market as a whole. A key component of Bitcoin’s design is its periodic halving, which ensures the cryptocurrency’s scarcity and acts as a buffer against […]

Tesla Voluntarily Recalls Cybertruck To Fix “Trapped Pedal”  Tesla announced a voluntary recall of nearly all 4,000 Cybertrucks produced between November 15 and April 4 due to faulty accelerator pedals that can dislodge, stick, and unintentionally accelerate, increasing the risk of a crash.  “On affected vehicles, when high force is applied to the pad on the accelerator pedal, the pad may dislodge, which may cause the pedal […]

Watch: Paul, Hawley Torch Mayorkas To His Face On Laken Riley’s Killer Authored by Steve Watson via Modernity.news, During a hearing Thursday, Senators Rand Paul and Josh Hawley grilled Homeland Security Secretary Alejandro Mayorkas concerning the open border and the murder of Laken Riley. Mayorkas appeared very uncomfortable as Paul took him to task over the full scale invasion he has overseen at the border. “You refuse to […]

A Very Ugly Week For The Nasdaq, A Terrible Week For Semiconductors It’s been a very ugly week for momentum names, but since these days that really means AI and/or mega tech, we can just saw this has been a very ugly week for the Nasdaq. And sure enough, with the QQQs down 0.4%, the Nasdaq is now pacing for its worst week in over a year – and is down 6 of the past 7 weeks… … on what Goldman trader Peter Callahan calls a […]

The Haven-Volatility Dog Has Not Yet Barked Authored by Simon White, Bloomberg macro strategist, Implied volatility of traditional havens such as the Swiss franc and US Treasuries remains remarkably subdued despite the situation in the Middle East, even as the former has outperformed most other havens, including the dollar. However, vol is beginning to pick up, in a sign risks are beginning to be more fully priced in. Volatility […]

“Eye For An Eye, A Tooth For A Tooth”: Only Hamas Wants Bigger War As Iran, Israel Signal Strikes ‘Done’ There has been no Iranian response against Israel for the overnight Israeli retaliation attack on the Islamic Republic. US officials have since confirmed that it was in fact an Israeli attack, yet all the while Iran’s leaders are trying desperately to downplay it, saying it inflicted no damage, and that several reported […]

Mysterious Iranian ‘Spy’ Ship Returns Home As Israel-Iran Conflict Worsens  A suspected Iranian spy ship that its own government calls an “intelligence and logistics” vessel returned home this week after a three-year mis, as well as more recently lingering near Yemen for months.  The Iranian ‘spy ship’ BEHSHAD (9167289), which had a hand in the Red Sea Crisis by assisting Houthis in launching attacks against commercial and naval […]

National Security Implications Of Baltimore Bridge Catastrophe Authored by Rob Maness via RealClearDefense, The Port of Baltimore is “closed until further notice” following the Francis Scott Key Bridge tragedy, sending several industries into disarray and jeopardizing national security. In 2023, the port handled a record amount of international cargo, ranked ninth for both dollar value and tonnage in the United States. Vital […]

French Police Arrest Suspected Suicide Bomber After Surrounding Iran Consulate In Paris Update(1049ET): The crisis at the Iranian consulate in Paris appears to be resolved, with a suspect under arrest and being investigated, according to France24: A Paris police official said the man was seen at about 11am local time (0900 GMT) entering the consulate, carrying what appeared to be a grenade and an explosive vest. The man later […]

AI Bubble Stumbles: First ASML, Now TSMC Downgrades 2024 Global Chip Outlook According to a first-quarter update on Wednesday from Dutch chip giant ASML – the world’s sole producer of equipment needed to make the most advanced chips – chip makers aren’t rushing to prepare for the next leg in the AI boom. This was confirmed on Friday when Taiwan Semiconductor Manufacturing Co. – the world’s largest contract chip maker […]

US Vetoes Palestinian Bid For Full UN Membership Authored by Dave DeCamp via AntiWar.com, The US has vetoed a UN Security Council resolution that would have granted Palestine status as a full UN member state, a move that goes against President Biden’s claim that he favors a two-state solution. The US was the only member of the 15-member council to vote against the resolution, while the UK and Switzerland abstained. There were […]

Trump Media Stock Spikes After CEO Pens “Naked” Short Letter Shares of Trump Media spiked on Friday after the company alerted the Nasdaq to ‘potential market manipulation’ from ‘naked’ short selling of its stock. The warning came as the company, which trades under the symbol $DJT, offered shareholders detailed instructions on how to prevent someone from loaning out their shares to short sellers. In a Friday morning letter to […]

Thought Police: Home Visit For UK Man Who Expressed Anger Online About Sydney Bishop Being Stabbed by Islamist Authored by Paul Joseph Watson via Modernity.news, A video out of the UK shows a man being visited at home by two police officers and an NHS psychologist after he expressed anger online about the stabbing of a Bishop in Sydney by an Islamist. Bishop Mar Mari Emmanuel was stabbed by a 16-year-old boy at the Assyrian […]

With ‘Halving’ Imminent, Peter Schiff Says ‘Bitcoin Has No Value’ Via SchiffGold.com, Peter recently appeared on Market Overtime with Oliver Renick for an interview. In their wide-ranging discussion, Peter speaks on monetary policy, the reliability of inflation data, and reasons to avoid Bitcoin. Contrary to the popular narrative, gold’s recent rise is not because of world conflicts. Inflation is the driving force behind the […]

Economic Warning From The NFIB Authored by Lance Roberts via RealInvestmentAdvice.com, The latest National Federation of Independent Business (NFIB) survey was an economic warning that departed widely from more robust governmental reports. In a recent analysis of small businesses, we discussed the importance those business owners play in the economy. “It is crucial to understand that small and mid-sized businesses comprise a […]

Futures Reverse All Losses, Oil Slides After Iran Plays Down Israeli Attacks, Signals No Retaliation While US futures are still modestly in the red, they are not only well off the worst overnight levels, but they are almost unchanged since yesterday’s close following a performative Israeli retaliation. which followed a performative Iranian attack, which appears to be the end of the story. For those who missed it, early on Friday […]

The Great Firewall: China Orders Apple To Remove WhatsApp, Threads From App Store The Cyberspace Administration of China asked Apple on Friday to remove Meta Platforms’ WhatsApp and Threads from its App Store in China due to national security concerns. Signal and Telegram—two foreign messaging apps—were also removed from the Chinese App Store. The removal of the four apps comes as elites in Washington, DC, attempt to ban […]