Biden Bans The Russian Gas (not good kind)
Just a week after the sanctions started flying in from the U.S., Biden lays down the absolute law and banned the import of oil from Russia. Unfortunately for Chiclets fans, … Read More
Author: Yuppie Capital
U.S. Trade Deficit Goes Big on Big in January
Just in time for the litany of bad headlines, the U.S. Census Bureau announced that the U.S. trade deficit grew to $89.7 Billion, which is up $7.7 Billion compared to … Read More
U.S. Gasoline Prices Reach All Time High
As Jim Cramer once famously said, “There’s always a bull market somewhere.” Before we get into it let it be known that he infamously called the oil top back in … Read More
Are We Recession Bound?
With the most intense and aggressive economic decline in the history of the world, the COVID-19 recession lasted only two months, the shortest ever in U.S. history. God only knows … Read More
U.S. Jobless Claims Fall to 215,000…We’re Back?
Coming off strong from the Omicron ridden economy, jobless claims crept lower in the week ending February 26th. And we are still near historic lows in what is presumably a … Read More
MetaStreet Is The New Fannie Mae
Asking everyone to take their bets here. Blockworks reported an $8 million loan backed entirely…by a user’s Cryptopunks collection. Does this usher in the official top? According to Blockworks, “The … Read More
Mortgage Rates Extend Decline in Largest Two-Day Drop Since March 2020
Welp, as somewhat of a surprise to me, the 30Y Fixed Rate Mortgage dropped to 3.89% on Tuesday, after retreating from 4.18% to 4.04% on Monday. But you can’t predict … Read More
Citigroup Is Flooded With Russian Exposure (~$10 Billion)
Citigroup made the announcement on Monday that they had nearly $10 Billion tied up in Russia at the end of 2021. Some of Citi’s assets are tied in a consumer … Read More
Russian Ruble Gets Ransacked
As a result of sanctions levied on Russia, the Ruble gets absolutely demolished, falling to as low as 111 to the USD, compared to just 83 on Friday. In response … Read More
Russia Gets Sanctioned…Excluding Oil & Gas
In response to Russia’s invasion of Ukraine The U.S. and European allies have laid down the law, and are now kissing most Russian Banks goodbye from the global financial payment … Read More