JP Morgan launches Bitcoin Fund for rich clients after years of bashing cryptos

JP Morgan launches Bitcoin Fund for rich clients after years of bashing cryptos

Ever since JP Morgan CEO Jamie Dimon first denounced bitcoin way back during the heady crypto-rally of 2017 (shortly before analysts revealed that JP Morgan’s asset-management arm was seemingly buying the dip on behalf of its wealthy clients via a...
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Market Cap Of Money-Losing Companies Surpasses Dot Com Bubble Record

Market Cap Of Money-Losing Companies Surpasses Dot Com Bubble Record

In a recent note from SocGen’s Andrew Lapthorne, the cross-asset strategist summarizes the ongoing market insanity delightfully, saying that “there is an increasingly large number of weird and wonderful signs of market excess, from surging crypto c...
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WHO rejects COVID passport schemes

WHO rejects COVID passport schemes

The World Health Organization (WHO) has staunchly rejected the use of Covid passports to reopen travel in a meeting of its emergency committee, over concerns that vaccinations alone won’t prevent the transmission of the virus. Reiterating their previously st...
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White House Unveils Details of $2.25 Trillion Infrastructure Plan, Massive Tax Hikes

White House Unveils Details of $2.25 Trillion Infrastructure Plan, Massive Tax Hikes

After weeks of waiting with investors hanging on every new detail, President Joe Biden is expected to unveil the first part of his sweeping economic reform/redistribution plan on Wednesday afternoon. As Biden’s press secretary Jen Psaki revealed over th...
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Something Happened on the Way to Monetary Heaven

Something Happened on the Way to Monetary Heaven

Something Happened on the Way to Monetary Heaven: Janet Yellen’s Plunge Protection Team Has $142 Billion to Play With. Most Americans are unaware of the existence of the Exchange Stabilization Fund (ESF). Together with the Federal Reserve Bank of New...
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Event Horizon Telescope Reveals Spiraling Lines of Magnetism in Black Hole

Event Horizon Telescope Reveals Spiraling Lines of Magnetism in Black Hole

In 2019, the first ever direct image of a black hole was a hazy, orange revelation. Now, the same team of researchers has produced an update of that image that renders the swirling arcs of the supermassive black hole’s magnetic fields, reports...
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The 15th Century Medici Bank Is Getting A 21st Century Re-Launch

The 15th Century Medici Bank Is Getting A 21st Century Re-Launch

The 15th century Medici Bank is getting a 21st century re-launch and also will serve crypto sector. The Medici Bank name, most notably associated with the 15th century banking giant in Italy that, at the time, was the largest and...
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WeWork Losing $3.2 Billion Last Year, In Talks With SPAC

WeWork Losing $3.2 Billion Last Year, In Talks With SPAC

The fact that potential investors were even taking meetings with Tel Aviv playboy managed WeWork is a sign of just how few suitable takeover opportunities remain in a market that has been saturated by SPACs (following a decade-plus post-crisis bull...
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Household Portfolios Are Oversized, Unbalanced, & Vulnerable

Household Portfolios Are Oversized, Unbalanced, & Vulnerable

Once again, household portfolios are oversized and unbalanced, driven higher by a massive gain in a single asset (equities). Unbalanced portfolios have proven to be vulnerable to abrupt and sharp corrections. Will history repeat? The most significant vulnerabi...
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Morgan Stanley Becomes First Major US Bank To Offer Crypto Funds

Morgan Stanley Becomes First Major US Bank To Offer Crypto Funds

Morgan Stanley is about to become the first major US bank to offer its wealth-management client access to cryptocurrency funds. In a major coup for former hedge fund manager Mike Novogratz, a veteran crypto bull who held on during the...
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GE Sells Aircraft-Leasing Unit to AerCap for $31 Billion

GE Sells Aircraft-Leasing Unit to AerCap for $31 Billion

General Electric (NYSE:GE) took the next step in its dramatic transformation under CEO Larry Culp. The industrial titan finalized a deal to sell its GECAS aircraft-leasing business to top rival AerCap (NYSE:AER) as Culp seeks to simplify GE and refocus on...
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Cathie Wood Warns Of Stock Market Correction

Cathie Wood Warns Of Stock Market Correction

ARK Invest’s CIO Cathie Wood joined CNBC’s Scott Wapner last week. She warned of the increasing risk of a stock market correction if rates continue to “sharply” rise. Wood went on to say: “Now one of the things that I found inte...
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We Officially Have Central Planning With No Plan

We Officially Have Central Planning With No Plan

Rabobank analyst: Yet this is CENTRAL PLANNING WITH NO PLAN. One does not have to be an advocate of MMT to see its promise to directly employ people to do something society wants is more logical than pouring trillions into markets –like candy...
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Professor Dr. Roland Wiesendanger, University of Hamburg: Laboratory Accident Most Likely Cause Of Coronavirus Pandemic

Professor Dr. Roland Wiesendanger, University of Hamburg: Laboratory Accident Most Likely Cause Of Coronavirus Pandemic

“A research group at the Wuhan City Virological Institute has been genetically manipulating coronaviruses for many years with the goal of making them more contagious, dangerous and deadly to humans…” Unlike previous coronavirus-related epidem...
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F-15EX Flies For First Time

F-15EX Flies For First Time

The F-15EX took off and landed from St. Louis Lambert International Airport in Missouri on Tuesday, completing a 90-minute test flight before returning to the airport. Matt Giese, Boeing F-15EX’s chief test pilot, said the new fighter jet is packed...
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