Hedge Fund Tiger Global loses $17Bn YTD, or two-thirds of gains since inception in 2001

https://www.marketwatch.com/story/hedge-fund-tiger-global-loses-17-billion-due-to-tech-stock-rout-11652189689 The hedge fund Tiger Global has lost roughly two-thirds of the cumulative gains it has made for investors since its inception in 2001, according to data from an investor that tracks the industry. LCH Investments estimates Tiger Global has lost about $17 billion this year. Heading into the year, Tiger Global had made net … Read more

Say what you want about Rand Paul but he absolutely abolishes the Ministry of Truth in one quote:

Do you know, the greatest propagator of disinformation in the history of the world is? The U.S. government,” Paul said. “Are you familiar with McNamara? The Pentagon Papers? Are you familiar with George W. Bush and the weapons of mass destruction? Are you familiar with Iran-contra?” “I mean, think of all the debates and disputes … Read more

Turkey increasing jail time for food stockpiling

The Turkish government is preparing to increase jail sentences over charges of food stockpiling to up to three years, the justice minister announced on Tuesday, as the country faces soaring inflation amid an economic downturn. “We are changing the penalty of food stockpiling and price gouging to between one and three years in prison,” Bozdağ … Read more

The Housing Bubble Has Popped

by Dave Kranzler of Investment Research Dynamics I’m starting to believe that the housing market may have hit a wall in April. The graphic below is my reconstitution of the two charts sourced from Reventure Consulting (RC). It’s self-explanatory: Amusingly, I’ve noticed articles in the mainstream media which acknowledge that the market is slowing down but assert that “a crash … Read more

HOUSING MARKET CRASHING! WORSE THAN 2008

by TheGriftee My family works in the real-estate industry in Florida. The housing market is plateauing and crashing now. It is being talked about within the offices but they know what is coming and some are selling their houses to rent and live in trailers so they don’t become “stuck”. This is the only warning … Read more

Apple’s head of machine learning becomes the most senior figure to quit in protest after being forced to go back to the office three days a week

Ian Goodfellow, director of machine learning at Apple, has resigned in protest at the company forcing staff back to the office three days a week  Goodfellow is believed to be the most senior employee to quit so far, amid widespread dissatisfaction at Apple’s policy Google requires most employees back three days a week, but staff … Read more

Joe Biden’s sister invites Meghan Markle to join Democrats because she would be a ‘good President’

President Joe Biden’s sister has invited Meghan Markle into the Democrat Party, saying she will ‘of course’ make a good candidate for the US Presidency. Valerie Biden Owens has cited the need for more women to get involved with politics, and she feels Meghan would be “welcome” to join the party. https://www.gbnews.uk/news/joe-bidens-sister-invites-meghan-markle-to-join-democrats-because-she-would-be-a-good-president/290540 Oh no, there’ll … Read more

BlackRock’s star money manager has turned bearish

BlackRock's star money manager has turned bearish https://t.co/GQsUy4TntO — Bloomberg Wealth (@wealth) May 10, 2022 US Corporate Bond ETFs (LQD & HYG) hammered pic.twitter.com/ix8Zj0DvwW — Richard Dias (@RichardDias_CFA) May 10, 2022 VVIX remains pretty low despite the drop.. i don't see fear in the market pic.twitter.com/C9JFkdWXMG — Alessio (@AlessioTMAD) May 10, 2022

The baby formula shortage continues to grow worse, with stocks down to 50% in many major metro areas in the country.

https://twitter.com/leadlagreport/status/1523812060500480000 June, a newborn mother, is “panicking” over the possibility of looking for baby formula. “There’s like no formula available.” pic.twitter.com/vZTlpv4tCe — RNC Research (@RNCResearch) May 10, 2022 This newborn mother says she had to go to “three different stores” to find baby formula. “It’s still scary sometimes thinking that okay we have maybe two … Read more

Things to do Before Making a Big Decision

There are going to be plenty of big moments in your life. College graduation, first full-time jobs, getting married, there are a lot of things to look forward to. However, sometimes these great moments require you to make some big decisions. Of course, when the outcome is going to be significant, it can be hard … Read more