Ocean Shipping Costs Decline 84%

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

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

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

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

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

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

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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Supreme Court won’t hear J&J’s appeal of $2 billion baby powder verdict

Supreme Court won’t hear J&J’s appeal of $2 billion baby powder verdict

The Supreme Court declined Tuesday to take up Johnson & Johnson’s appeal of a multibillion-dollar verdict in favor of women who said they developed ovarian cancer from using the company’s talcum powder products. The company argued that it did...
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US Home Prices Explode At Fastest Pace Since 2013

US Home Prices Explode At Fastest Pace Since 2013

“In real terms, home prices have never been so high. My data goes back over 100 years, so this is something,” Nobel prize-winning economist Robert Shiller told CNBC’s “Trading Nation” earlier this week and according to Case-Sh...
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Treasury Injects A Record $271 BIllion In Cash In One Day

Treasury Injects A Record $271 BIllion In Cash In One Day

A month ago analysts noted that in line with the Treasury’s forecast for huge net debt drawdown in the current quarter, a record $1.1 trillion in cash and reserves was about to hit the market. Fast forward to today when...
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Fed Extends Emergency Lending Programs Through End Of Year

Fed Extends Emergency Lending Programs Through End Of Year

US stock prices are at record highs and credit spreads near record lows amid hopes and prayers for the v-shaped recovery which has already sent US macro surprise data soaring. But, it appears The Fed is not buying the bounce...
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Hedge Fund Flows Are All That Matter

Hedge Fund Flows Are All That Matter

Hedge Fund Flows Are All That Matter, New Study Finds. With every passing day, the bizarre central banks orchestrated freakshow that was once known as the “market” gets even more bizarre. And we use the term “market” in its loosest, l...
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FED is Tightening, Repo Loans Hit Zero

FED is Tightening, Repo Loans Hit Zero

FED is Tightening, Repo Loans Hit Zero; FED Balance Sheet Shrinks by $248 Billion in a Month. Beginning on September 17 of last year, months before the first COVID-19 case had been discovered anywhere in the world, the Federal Reserve...
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Canada Loses Its AAA Rating

Canada Loses Its AAA Rating

So actually CanadAA+, Fitch Ratings has downgraded Canada’s Long-Term Foreign Currency Issuer Default Rating (IDR) to AA+ from AAA (outlook stable) citing the deterioration of Canada’s public finances resulting from the pandemic. FX markets chewed th...
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Investor Legend Jeremy Grantham Is “Amazed” At This Unprecedented Stock Bubble

Investor Legend Jeremy Grantham Is “Amazed” At This Unprecedented Stock Bubble

The generally cheerful investing icon Jeremy Grantham unleashed fire and brimstone, taking his $7.5 Billion portfolio to a net short position for the first time since the Global financial crisis, and summarizing his dire assessment of the current unprecedented...
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