Every time the VVIX correlation coefficient crosses -.30, there’s a big reaction. Let’s see if it happens again

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https://twitter.com/matrbk/status/1362931540951375875 Everyone is NOT long Equities (cont.): Futures traders have cut exposure aggressively – even as $SPX holds near the highs. The 2-week positioning change is the most negative in history – previously only seen at bottoms. Futures traders now hold a total of ZERO Stock exposure. pic.twitter.com/nYbweLCtyO — Macro Charts (@MacroCharts) February 20, 2021 … Read more

Inflation scare justified?

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Inflation scare justified? The Covid triggered lockdowns in Western world will turn out to have marked bottoming out in money velocity, Jefferies' Wood says. He expects the first justified inflation scare in US economy, on the post-Covid re-opening trade, since start of 1980s. pic.twitter.com/hUkmhqTolk — Holger Zschaepitz (@Schuldensuehner) February 20, 2021 Rents in Manhattan & … Read more

The next #repo #crisis is coming.

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The banking system is flooded with liquidity, with companies trying to find a home for their cash balances. The overnight repo rate is negative again. World is upside down pic.twitter.com/To0kmFNJKi — Menthor Q (@MenthorQpro) February 19, 2021 Investment grade bonds no longer offer a positive #yield! pic.twitter.com/QTrglmuB5O — jeroen blokland (@jsblokland) February 20, 2021  

Breaking Down America’s Imports and Exports by Product

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by howmuch America exports $2.84 trillion in services, nearly twice the $1.85 trillion it imports. Imports of goods stood at $9.23 trillion in 2020, nearly twice the $5.67 trillion it exports. The difference between imports and exports of consumer goods, except food and automotive is $1.85 trillion, the largest imbalance favoring imports. On the flip … Read more

Australia News Calls Out Joe Biden for Cognitive Compromise, The Dementia is Transparently Obvious.

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by Sundance It appears the bloom is off the ruse, at least with Sky News.  In one of the first admissions to what is transparently obvious, an Australian news pundit finally points out that Joe Biden has cognitive issues.  The vast majority of Americans already know this, but the U.S. media have been pretending not to … Read more

Just Charts of Demographics…with Multiple Variables (or hot topics for your next cocktail party)

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by C Hamilton Some folks want to make economics seem complicated. It ain’t. Any who, some charts depicting the US economy…through demographics. First, 15 to 54 year old US population (blue line) and those employed among that population (green line). You may note the end of population growth among them in ’07 and not only the … Read more

Wind Farms Frozen in Texas & Europe Bezos Should be Better than Gates & Zuckerberg Put Together

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by Martin Armstrong   These environmentalists never understand that wind turbines will freeze and solar panels will be buried in snow. They seriously think that somehow renewable energy can replace fossil fuels. Even the electric buses in Germany froze. It is bad enough that they try to reduce the entire cyclical patterns in the weather … Read more

Elon Musk takes Major U-Turn on Bitcoin – Now Calls It “Almost as BS as Fiat Money”

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Excerpts – Tesla CEO Elon Musk was involved in another Twitter storm overnight, tweeting that Bitcoin is “almost as BS as fiat money” in spite of Tesla’s recent $1.5 billion investment. “Tesla’s action is not directly reflective of my opinion.” Musk wrote in response. “Having some Bitcoin, which is simply a less dumb form of … Read more

We’re limiting the hash rate of GeForce RTX 3060 GPUs so they’re less desirable to miners and launching NVIDIA CMP for professional mining

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We are gamers, through and through. We obsess about new gaming features, new architectures, new games and tech. We designed GeForce GPUs for gamers, and gamers are clamoring for more. Yet NVIDIA GPUs are programmable. And users are constantly discovering new applications for them, from weather simulation and gene sequencing to deep learning and robotics. … Read more

George Gammon: Inflation Genie Is Far More Powerful Than You Think

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Rebel Capitalist, Released on 2/19/21 George Edward Gammon is an American real estate investor and entrepreneur. He produces and stars in a popular YouTube Channel. Prior to 2012, George started, owned, and operated multiple businesses ranging from conventions to advertising. The last growing to 24 million in annual revenues and over 100 employees. After 12 … Read more

Some Of Texas’ Biggest Refineries Could Take Weeks To Restart

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By Charles Kennedy Some of the largest oil refineries in Texas could take weeks to restart as they would need to repair the damages from the big Texas freeze, Bloomberg reports, citing sources with knowledge of the situation. The Baytown and Beaumont refineries of ExxonMobil, Marathon Petroleum’s Galveston Refinery in Texas City, and the Port Arthur … Read more