There is now growing anxiety that Europe might run out of diesel.

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Diesel fuel is in short supply as demand rebounds following the pandemic, while supply remains tight. Prices have surged to record levels, adding to inflationary concerns across the economy. The problem is especially acute on the East Coast, where prices have become “unhinged,” according to one analyst. Higher prices are “certainly going to translate into … Read more

Ford Motor is selling 8 million of its Rivian Automotive shares. The automaker currently owns 102 million shares of Rivian. Ford will be selling the shares through Goldman Sachs

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Ford Motor is selling 8 million of its Rivian Automotive shares, with the insider lockup for the stock of the once high-flying electric vehicle maker is set to expire on Sunday, sources told CNBC’s David Faber. The automaker currently owns 102 million shares of Rivian. Ford will be selling the shares through Goldman Sachs, sources … Read more

Biden’s student-loan forgiveness unfair to Americans

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President Joe Biden is considering doing mass student-loan forgiveness, but “limited” to people who make less than $125,000 a year. That’s a clear sign he recognizes the horrible optics of debt-cancellation, which will largely benefit wealthier Americans. Yet the limit is a joke: Forgiveness would still help just the small minority of those who’ve gone … Read more

Wife told to stop spending more than $120 on weekly groceries for family-of-five

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by Boo_Randy “And they started to fight when the money got tight…and they just didn’t count on the tears.” Billy Joel, “A Bottle of Red.” Heckova job, central bankers. https://www.news.com.au/finance/money/costs/wife-told-to-stop-spending-more-than-120-on-weekly-groceries-for-familyoffive/news-story/2aa13da73bc6da7214e8bf09609ab605 A husband has come under fire for demanding his wife stop “overspending” on weekly groceries for their family-of-five.  

I’m thinking we could be tiptoeing here into a market crash…

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Even the China's numbers starting to show current lockdown effects https://t.co/P2dIRIjpKS — Lasse Willivuori (@willivuori) May 9, 2022 Spreads have widened considerably, and this will get worse once the ECB ends QE and starts hiking interest rates. Italian long-term bond yields are now 2 percentage points higher than for 🇩🇪 . This fragility will again … Read more

The Tech bubble is DOOMED. It’s collapsing for the same reason it collapsed in Y2K – slowing growth AND a Fed eager to make up for lost time.

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by BoatSurfer600 So why does EVERYTHING feel like it's about meltdown? Piper Sandler chart pretty much explains it. Financial conditions were tightened gigantically and quickly by the financial mkts themselves. Liquidity destroyed in unprecedented fashion. Severe economic slowdown coming. pic.twitter.com/MVqhP2Ed3D — Dan Tapiero (@DTAPCAP) May 9, 2022 *BITCOIN DROPS AS MUCH AS 4.2% TO THE … Read more

Fertilizer prices at all-time highs = cost of food production up = supply of food down = price of food up.

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https://twitter.com/N013Q/status/1523387610286092288 Yellen the Felon said recently that she “feels” inflation will return to under two percent (per our fake, Soviet-style CPI data) in the 2nd half of the year. Old Yellen doesn’t explain how this miracle is going to take place, but as with everything that comes out of her pie-hole, she’s either lying or … Read more

Global recession is coming. The two biggest export economies in the world are seeing their new export orders in the manufacturing PMIs fall sharply.

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Global recession is coming. The two biggest export economies in the world – Germany (blue) & China (black) – are seeing their new export orders in the manufacturing PMIs fall sharply. That's deteriorating global demand as we teeter towards recession. Only outlier: the US (red)… pic.twitter.com/u5ntWz7fXa — Robin Brooks (@robin_j_brooks) May 8, 2022 Meanwhile back … Read more