Category: US / Canada

Risk Warning: Increased Risk of Decline in Capital Markets
5. 8. 2023 No Responses

Risk Warning: Increased Risk of Decline in Capital Markets

As has been my standard since September 1998, I publicly warn in advance of the increased risk of a decline in capital markets. And now this situation has come again. What are the current reasons? 1. Stocks in general are...
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Wells Fargo customers report missing deposits
4. 8. 2023 No Responses

Wells Fargo customers report missing deposits

Deposits disappear from Wells Fargo accounts. For the second time this year, Wells Fargo acknowledged that deposits were not showing up in customers’ accounts. In an emailed statement Friday morning, a Wells Fargo representative said the issue was affect...
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Ford set to loses $4.5 billion on EVs
29. 7. 2023 No Responses

Ford set to loses $4.5 billion on EVs

Ford Motor Company announced it is projected to lose a staggering $4.5 billion from electric vehicles (EVs) this year, up from the previous projected loss of $3 billion. The company released its second-quarter financial results. The U.S.-based automaker&#821...
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Delta loses $363 million
13. 4. 2023 No Responses

Delta loses $363 million

Delta Air Lines reported a $363 million loss for the first quarter on Thursday, with higher spending on labor and fuel overshadowing a sharp rise in revenue. But the airline predicted it will make a bigger-than-expected profit in the current...
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‘Dr. Doom’: Most US banks are “technically near insolvency,” with hundreds already “fully insolvent.”
2. 4. 2023 No Responses

‘Dr. Doom’: Most US banks are “technically near insolvency,” with hundreds already “fully insolvent.”

Renowned economist Nouriel Roubini, who predicted the global financial crisis of 2008 caused by fraudulent MBS, has issued a grim assessment of US banking sector’s status. In an opinion piece for Project Syndicate, Roubini, nicknamed ‘Dr. Doom’ by Wa...
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Moody’s Downgrades Entire U.S. Banking System
14. 3. 2023 No Responses

Moody’s Downgrades Entire U.S. Banking System

Late Monday, the credit rating agency, Moody’s, downgraded the entire U.S. banking system outlook to negative from stable. This important message was widely suppressed, as if on orders from agents in command. Ttao’s reaction from Moody’s suggests...
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Dozen Dead, Over 100,000 Without Power In California
9. 1. 2023 No Responses

Dozen Dead, Over 100,000 Without Power In California

A moisture conveyor belt of atmospheric rivers continues to pound storm-battered California as the latest system could be the most severe yet. Power outages plague Northern California, as a dozen people have died across the Golden State in the last two weeks...
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JUUL Settles More Than 10,000 Lawsuits For $1.2 Billion
9. 12. 2022 No Responses

JUUL Settles More Than 10,000 Lawsuits For $1.2 Billion

Bloomberg just reported that e-cigarette maker Juul Labs has agreed to pay $1.2 billion to resolve about 10,000 lawsuits targeting the e-cigarette maker as a major cause of a US youth-vaping epidemic, according to people familiar with the matter. In...
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Ocean Shipping Costs Decline 84%
23. 10. 2022 No Responses

Ocean Shipping Costs Decline 84%

The queue of ships waiting to unload at the ports of Los Angeles and Long Beach fell from a peak of 109 ships in January to four vessels this week. Descartes Datamyne, a data analysis group owned by supply-chain software...
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Bed Bath & Beyond’s CFO fell to his death from New York’s Tribeca skyscraper
4. 9. 2022 No Responses

Bed Bath & Beyond’s CFO fell to his death from New York’s Tribeca skyscraper

The Bed Bath & Beyond Chief Financial Officer Gustavo Arnal, who was found dead on Friday after falling from the 18th floor of a New York City apartment building, recently was named in a lawsuit accusing him of fraud. The incident occurred...
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Decelarated Money Supply Growth In 2022 = Recession
14. 6. 2022 No Responses

Decelarated Money Supply Growth In 2022 = Recession

Money supply growth fell slightly in April, falling below March’s eight-month high. Even with March’s bump in growth, though, money supply growth remains far below the unprecedented highs experienced during much of the past two years. During the th...
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American Investors Have Lost $20 Trillion Since The Start Of 2022
16. 5. 2022 No Responses

American Investors Have Lost $20 Trillion Since The Start Of 2022

Since the start of the year, the S&P 500 Index is down 18%, the Nasdaq 100 has lost 27% and a Bloomberg index of cryptocurrencies has plunged 48%. That all amounts to “a wealth shock that is set to drag...
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LA Import Volume Sinks As Shipping Traffic Jam Worsens
16. 12. 2021 No Responses

LA Import Volume Sinks As Shipping Traffic Jam Worsens

Despite America’s epic consumer boom, containerized imports to the Port of Los Angeles dropped to 403,569 twenty-foot equivalent units in November, down 14% from October and down 13.2% year on year. For the second month in a row, Los Angeles’...
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US West Coast Port Congestion At Record High
26. 8. 2021 No Responses

US West Coast Port Congestion At Record High

US West Coast Port Congestion At Record High Amid Transpacific Trade Route Disruptions Peak shipping season is underway, and container ships anchored off California are on the verge of record congestion. New data from Marine Exchange of Southern California &a...
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Stagflation Signals Soaring
4. 6. 2021 No Responses

Stagflation Signals Soaring

Stagflation signals soaring as factory orders tumbled in April. For the first time since April 2020, US Manufacturers new orders fell in April. The 0.6% MoM drop was triple the expected 0.2% MoM drop.    
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