The East Coast of the U.S. is reporting its lowest seasonal diesel inventory on record, rationing expected

This crisis will affect everyone. https://www.freightwaves.com/news/why-the-northeast-is-quietly-running-out-of-diesel The East Coast typically stores around 62 million barrels of diesel during the month of May, according to Department of Energy data. But as of last Friday, that region of the U.S. is reporting …

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Rand Paul Blocks Ukraine Aid

by Chris Black Rand Paul is blocking a vote on the $40 billion in foreign aid for Ukraine Ayn Rand Paul says he favors OTHER means of defeating Russia, China, Iran, etc. He is a “free” trade believer in the …

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Elon Musk’s Shady Twitter Deal

by Chris Black Twitter shares are bouncing back after Musk clarified that he is “still committed to the acquisition”. Still committed to acquisition — Elon Musk (@elonmusk) May 13, 2022 Oh come on. I’m sure the dozens of shell companies …

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This Economy is Toast

by Chris Black https://t.co/GfHVWiA91q — Planet Today (@PlanetTodayNews) May 13, 2022 Here’s the deal: Most of those ships were forced to turn back and return to China. The window to sell the inventory this year blew by. The companies just …

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Good News! Flexible Price Inflation Cools To … 20%, Export Prices Cool To 18% YoY As Jerome “Slowhand” Powell Reappointed As Fed Chairman (Taylor Rule Suggests Fed Rate Of 13.89%)

by confoundedinterest17 The US Senate yesterday confirmed the reappointment of Jerome “Slowhand” Powell as Federal Reserve Chairman. The good news? Atlanta Fed’s Flexible CPI YoY cooled to 20% in April. The bad news? Flexible prices are still growing at 20% while …

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