The Fed Is Scared $h*tless

From Quoth the Raven “Commentary out of the Fed over the last few weeks indicates to me that our central bankers know they are doing far too little, far too late.” The events in monetary policy over the last few weeks have reminded me of an article I wrote almost 4 years ago to the day, in … Read more

European Banks Tumble After Unnamed Investor Sells Large Stakes in Deutsche Bank & Commerzbank…

European stocks are down today after an undisclosed investor sold significant stakes in some of the largest banks in the region. The STOXX Europe 600 index slipped 1.2% in the morning, while the German DAX and the banking market declined by 1.8% and 2.3%, respectively. According to the reports, an undisclosed investor offloaded large stakes … Read more

FDA moves to ban menthol cigarettes and flavored cigars

(CNN)The US Food and Drug Administration is taking steps to ban menthol flavored cigarettes and all flavored cigars, including menthol flavor, within the next year, according to an agency announcement Thursday. The aim is to “significantly reduce disease and death” from using these two products. Smoking is the leading cause of preventable death in the … Read more

Neptune is cooling and scientists are puzzled…

Two decades worth of observations revealed unexpected cooling of the solar system’s most distant planet Neptune amid its astronomical summer. Neptune is orbiting 30 times farther away from the sun than Earth with one year lasting 165 Earth years. The ice giant’s seasons, too, last much longer than those on Earth — more than 40 … Read more

Worse than 2000, 2008 or 2020!

#recession … #GFC2 edition Worse than 2000, 2008 or 2020! 👇 https://t.co/Tdv5JSrfk1 — Invariant Perspective (@InvariantPersp1) April 12, 2022 🇺🇸 After the recent surge in bond yields, the equity risk premium for Nasdaq-100 is the lowest since late 2007. In the short-term, earnings estimates also seem too high. Do we really get paid for the … Read more