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 currencies started as a…

Earth Day 2021 – Restore Our Earth

Every year on April 22, Earth Day marks the anniversary of the birth of the modern environmental movement in 1970. Let’s take a look at the last half-century of mobilization for action: ORIGINS OF EARTH DAY Earth Day 1970 gave…

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 stated position…

IMF Introduces World Currency

It is no joke, something big happened last week. The IMF is going to give out loans in SDR. Special Drawing Rights are IMF’s currency. By itself, they’re nothing special, but the IMF has always lent in U.S. Dollars. That they are…

U.S. Navy replicated and patented LENR technology

The U.S. Navy replicated and patented LENR technology. Also the date of the public presentation of the E-Cat SKLed technology has been revealed.  The first commercially available product of E-Cat technology will be an extremely efficient luminaire. Important note: This…

Iran & China ink 25-year strategic partnership accord

A cooperation deal between Iran and China covering a quarter of a century has been signed in Tehran, furthering Iran’s role in the Chinese global infrastructure initiative. Both nations are being targeted by US sanctions. The landmark document was signed…

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…

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…

ARAMCO’s 2020 Profits Fell By 44%

Saudi Aramco reported a net profit of $49 billion for 2020, down 44 percent on the year but still a positive figure despite the pandemic that plunged some major oil companies into the red. The company kept its annual dividend at $75…

World After Countless QEs: A Shortage Of Everything

In last press conference, Jay Powell confirmed that the Fed is setting off on a historic experiment: welcoming a conflagration of red-hot inflation for an indefinite period of time in an overheating economy, with the underlying assumption that it’s all…