8.5% Reading for March 2022
8.5% isn’t the APR for my car loan nor the interest on my credit card. This large percentage represents the inflation recorded for the month of March, the highest on … Read More
Long Crypto Liquidations En Bloc
Monday’s trading session was anything but a doozy. The NASDAQ traded over 2% lower on the day, S&P down 1.69%, and the DOW following not too far behind at just … Read More
The Consumer Credit Crunch
As we saw in the total U.S. household debt for 2021, Americans have clearly been quite cavalier (to put it nicely) in their spending. Just in the 4th quarter of … Read More
Fed Minutes Create Carnage in Markets
What was presumably a normal day in the markets, with the S&P opening the day ~1% lower, the release of the Fed minutes at 2:00pm sent indexes in an absolute … Read More
February U.S. Trade Deficit Remains at Record
Shocker? Absolutely not. The U.S. goods and services deficit was $89.2 Billion in February, which is down less than 0.1% (this is literally negligible, I don’t know why they even … Read More
The Bluebird Application Is Going Electric
A few days late for an April fools prank but it isn’t a sick joke. Well-known Twittersphere meme lord Elon Musk, who is also the CEO of Tesla, announced on … Read More
Short Sellers Swarm Tether
Short squeeze deja vu? The Wall Street Journal is reporting that some investment firms, including Fir Tree Partners and Viceroy Research LLC, are initiating substantial short positions against Tether, which … Read More
Power To The People, For Now
I was going to start off with an unemployment joke for April fools day but they don’t work. I think it might work this time after today’s report. For the … Read More
Amazon Workers Vote to Unionize
The Amazon Labor Union, the labor group at Amazon’s JFK8 facility in Staten Island, obtained a majority vote in favor of unionizing. The group voted 2,654 to 2,131 in favor … Read More
Oil Reservers to the Rescue
If the price of gas comes up in casual conversation one more time I might lose it. As many of us have seen, the price of oil is up significantly … Read More