By Cristina Laila Mastercard, Wells Fargo, Citigroup and others launched a 12-week digital dollar pilot program with the New York Fed. Don’t worry because the New York Fed says the pilot program will only use “simulated […]
A tech crunch is here and layoffs probe it. But it’s not just technology. Take a look at FedEx. MISH NOV 14, 2022 Amazon Layoffs Amazon Set to Lay Off Thousands of Corporate Workers The […]
November 15, 2022 by Michael We never seem to learn from our mistakes. Just before the financial markets crashed and the economy plunged into a horrifying recession in 2008, U.S. consumers went on a debt binge of […]
November 13, 2022 by Michael The global energy crisis has entered an alarming new stage. In recent months, natural gas prices have risen to absurd heights and supplies have been getting tighter and tighter all over the […]
November 10, 2022 by Michael Sometimes I think that we truly are living in Bizarro World. We just witnessed one of the most horrible financial disasters in years, and economic activity is dramatically slowing down all around us, […]
Now that FTX has been chalked up as the latest ponzi-ish corner of the crypto universe, it is very likely more implosions are brewing behind the scenes. Quoth the Raven For those that have been […]
November 9, 2022 by Michael Another domino has fallen. We are being told that the failure of FTX “would be kind of like a Lehman Brothers event”, and at this hour FTX is on the verge of […]
November 7, 2022 by Michael Have you noticed it too? There has been a dramatic shift in the economy in recent days. It has been sudden and it has been severe. All over the country, sales are […]
Received the photo above from a reader of this website. It shows NO DISEL in Allentown, PA highway service plaza. The outages of Diesel Fuel seem to be spreading. Last week, we reported that there […]
Sometimes you need to read the tea leaves. Sometimes tea leaves bludgeon you over the head with a sledgehammer. Quoth the Raven Nov 4 I have been writing over the last few weeks about how […]
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