• Record Shattered: 61 Container Ships Stuck Waiting Off California Link
    zerohedge Thu 16 Sep 2021 15:41

    By Greg Miller of FreightWaves,

    The number of container ships at anchor or drifting in San Pedro Bay off the ports of Los Angeles and Long Beach has now blown through all previous records and is rising by the day.

  • 35% of SPX, 50% SPY, and 35% of QQQ gamma expires tomorrow
    zerohedge Thu 16 Sep 2021 15:41
  • World Bank Abandons 'Doing Business' Report After Probe Finds IMF Boss Cheated China's Ranking Higher Link
    zerohedge Thu 16 Sep 2021 15:26

    The World Bank Group today released the findings of its probe into data irregularities discovered in 2018 and 2020 reports; and along with those findings, it confirmed that it will be discontinuing 'Doing Business' reports.

  • *CHINA SHOULD HAVE BEEN LOWER IN 2018 REPORT, WB FOUND IN 2020 So everyone is corrupt
    zerohedge Thu 16 Sep 2021 15:16
  • *IMF'S GEORGIEVA CITED IN WORLD BANK PROBE OF BUSINESS RANKINGS *GEORGIEVA `PLAYED KEY ROLE' CHANGING CHINA RANKING: WORLD BANK
    zerohedge Thu 16 Sep 2021 15:11
  • U.S. TREASURY SAYS DISBURSED $700 BLN OF $1 TRILLION IN COVID-19 RELIEF FUNDS ADMINISTERED BY TREASURY IN FIRST 6 MONTHS SINCE LAW SIGNED
    zerohedge Thu 16 Sep 2021 15:11
  • Capitol Police Ask National Guard For Support At "Justice For J6" Rally, Roger Stone Fears 'False Flag' Link
    zerohedge Thu 16 Sep 2021 15:11

    Update (1055ET): Amid all the Washington fearmongering over this weekend' s rally, Roger Stone made an appearance on RT last night to warn that "it's a setup," advising protesters to "stay away."

  • "The continued integration of ESG considerations in our business lines is a critical enabler in the Group’s strategy."
    zerohedge Thu 16 Sep 2021 15:06
  • "Our Global Advisory business recorded its highest first half-year revenue ever" - Rothschild Executive Chairman, Alexandre de Rothschild
    zerohedge Thu 16 Sep 2021 15:06
  • *PFIZER: OPEN LETTER FROM PFIZER CHAIRMAN & CEO launching boosters-as-a-service to pay for the next yacht
    zerohedge Thu 16 Sep 2021 15:06
  • RT @NikkeiAsia: BREAKING | CHINA APPLIES TO JOIN TPP Commerce Minister Wang Wentao officially presented China's application to New Zealand…
    zerohedge Thu 16 Sep 2021 15:01
  • "Russiagate In A Nutshell": Glenn Greenwald Breaks Down Significance Of Expected Indictment Against Hillary Clinton Lawyer Link
    zerohedge Thu 16 Sep 2021 14:51

    Special counsel John Durham is reportedly seeking a grand jury indictment against to indict an attorney representing Hillary Clinton's presidential campaign after he allegedly peddled a fake story in 2016 that the Trump campaign was using a secret server to communicate with a Russian bank - a lie promoted by Hillary Clinton herself.

  • *EIA SAYS U.S. NATURAL-GAS STOCKPILES ROSE 83 BCF LAST WEEK, EXP. 76, LAST 52.0
    zerohedge Thu 16 Sep 2021 14:36
  • Gordon Johnson: Tesla's China Sales Numbers From August Are More Than 4x Higher Than Official Insurance Data Suggests Link
    zerohedge Thu 16 Sep 2021 14:36

    Perpetual Tesla skeptic and sell-side researcher Gordon Johnson of GLJ Research pointed out something odd this week: Tesla's local sales numbers reported for August don't seem to match that of official insurance data from the country. In fact, the number being reported by media appears to be more than 5x higher than what insurance data out of the country is showing.

    "Based on official insurance data provided by CATARC (no one can buy a car in China without insurance, so insured figures are [very] precise), TSLA sold a total of 2.815K cars in China in Aug. 2021. Yet, when compared to CPAC data (i.e., sales data provided by TSLA’s marketing division to the Chinese government), which shows 12.885K TSLA cars sold in China in Aug. 2021, there seems to be a MAJOR problem in TSLA’s reported Aug. 2021 China sales figures," Johnson wrote.

    "Not until Aug. 2021 did the numbers TSLA reported to CPCA differ, materially, from the actual insurance sales numbers provided by...

  • The Illusion Of Getting Rich While Producing Nothing Link
    zerohedge Thu 16 Sep 2021 14:21

    Of all the mass delusions running rampant in the culture, none is more spectacularly delusional than the conviction that we can all get fabulously rich from speculation while producing nothing. The key characteristic of speculation is that it produces nothing: it doesn't generate any new goods or services, boost productivity or increase the functionality of real-world essentials.

    Like all mass delusions, the greater the disconnect from reality, the greater the appeal. Mass delusions gain their escape velocity by leaving any ties to real-world limitations behind, and by igniting the most powerful booster to human euphoric confidence known, greed.

    Lost in the mania of easy wealth from speculative trading is the absence of any value creation in the rotation-churn of moving bets from one table to the latest hot game: in flipping houses sight unseen, no functionality was added to the house. In transferring bets on one cryptocurrency to another or from...

  • *DURHAM SAID TO SEEK INDICTMENT OF DEMOCRATS-LINKED LAWYER: WAPO
    zerohedge Thu 16 Sep 2021 14:16
  • *WORLD ECONOMIC FORUM PLANS RETURN TO DAVOS NEXT YEAR, FT SAYS https://t.co/7nwkfDwlrj
    zerohedge Thu 16 Sep 2021 14:06
  • Powell Orders Review Of Fed Ethics Rules After Trading Disclosures Spark Mass Outrage Link
    zerohedge Thu 16 Sep 2021 14:01

    Fed Presidents Robert Kaplan and Eric Rosengren have committed to liquidating their portfolios (at a particularly auspicious time for stocks, which continued to smash through ATHs all summer long) in the wake of a market-shaking scandal caused by the release of senior Fed officials' financial disclosure forms, which revealed that Dallas Fed President Robert Kaplan made several million-dollar trades in 2020, while his fellow Fed officials (including Boston's Eric Rosengren) made smaller trades of their own. The financial revelations followed speculation about Fed Chairman Powell's portfolio late last month in research published by Dylan Grice.

    But even Grice probably didn't expect the popular backlash elicited by news that senior Fed officials were playing the stock market, just like the unwashed Robinhood-loving masses, while their hands were on the money printer. On social media, users mocked the news as potentially damning for the central bank's credibility, since even...

  • Gold Is Getting Monkeyhammered As Dollar & Bond Yields Spike Link
    zerohedge Thu 16 Sep 2021 14:01

    This morning's better-than-expected retail sales data and worse-than-expected labor market data has sparked some significant moves away from stocks.

    The dollar is roaring higher - tagging high stops from last week (is good retail sales news hawkish for Fed taper?)...

  • About $5 Trillion Sits in Money Funds, Most Yielding About Zero: BBG About $300 billion sits with Evergrande earnings about 10%. Only that money is now gone... all gone
    zerohedge Thu 16 Sep 2021 14:01
  • As McConnell Rebuffs Yellen Over Debt Limit Limbo, Democrat Infighting Risks Delaying $3.5 Trillion Package By 'Weeks Or Months' Link
    zerohedge Thu 16 Sep 2021 13:51

    On Monday we noted how Goldman sounded a red alert over the debt limit debate brewing in Congress - which has a "drop dead date" sometime between late October and early November.

    As repo expert Scott Skyrm said, "for the past several years, Congress always reached a compromise before the possibility of a "technical default" creeped into the markets. This year, as we get closer to the "drop dead date" (which hasn't yet been determined) the markets will start pricing in distortions."

    Well, it appears things are headed in that direction with Thursday morning news from Bloomberg that Senate Minority Leader Mitch McConnell (R-KY) told Treasury Secretary Janet Yellen to pound sand over working with Democrats to raise the federal debt ceiling.

  • Why is China so worried about debt? Hasn't it heard about MMT?
    zerohedge Thu 16 Sep 2021 13:46
  • Cameco and X-energy to Explore Collaboration to Support Xe-100 Small Modular Reactors
    zerohedge Thu 16 Sep 2021 13:46
  • Chinese Brokers Drop Currency Forecasts To Avoid Regulator Anger Link
    zerohedge Thu 16 Sep 2021 13:36

    By Michael Every of Rabobank

    Yesterday’s Chinese data were a real shock. In particular, retail sales were up only 2.5% y/y in August vs. 7.0% expected and only 3.0% 2y/y. This is hardly what one calls a robust consumer recovery – and given industrial production was only slightly weaker than projected, explains why China is running such large trade surpluses: supply is up, demand is flat. Enter ‘Common prosperity’ – which Wall Street is still struggling to understand given it will read anything else but the actual instruction manual. Yet there was another report out yesterday --beyond Evergrande, which today just suspended all its onshore bonds -- just as shocking in some ways, and which Wall Street is not only refusing to read, but apparently to print. Reuters reported: “EXCLUSIVE China brokers drop yuan forecasts to avoid regulators' ire”.

    It claims “Brokerages in China have dropped detailed currency forecasts from their research notes, or have restricted access to...

  • RT @parrmenidies: Perhaps The Ultimate Meme Shift From Bloomberg…Nuclear Turns Green… https://t.co/6N0kFFG8P2
    zerohedge Thu 16 Sep 2021 13:06
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