Heads Up: Something big is going down. Just about every commodity is collapsing in price. Things deteriorated so much that all the supply chain metrics have become way less constrained

OIL FUTURES EXTEND LOSSES, U.S. CRUDE DOWN BY $5 A BARREL — RedboxGlobal (@RedboxWire) August 15, 2022 Bloomberg Commodity Index: drawdowns from peak %. $BCOM pic.twitter.com/bT4kVonzKC — Paul de Jong 🌐 (@pauldejong_) August 14, 2022 https://twitter.com/psimpsonmorgan/status/1558585358886977536 https://twitter.com/macro_daily/status/1559157758930337793 Two really awful …

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Biden Climate Advisor Says Joe Biden Will Move Forward with “Every Power Available to Him” to Get Rid of Fossil Fuels (VIDEO)

Biden climate adviser @ginamccarthy46: "Just because Congress couldn't get [climate action] done, [President Biden] is going to move forward with every power available to him to make the change in the shift to clean energy because it's important." https://t.co/1yJ1oYpFI8 pic.twitter.com/kjZYivWh32 …

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Reality of Inflation: Almost every commodity is in extreme backwardation, 10y breakeven inflation is less than 3%, US Dollar Index is up 15+% YoY

by lulzcakes Backwardation A commodity’s spot price trading lower higher than some given future contract is, in cases, normal (e.g. seasonality or perishable commodities). The backwardation we are seeing today is extreme by any standards. [Sorry, typo. Backwardation is spot > future. Although …

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THERE’S A ZUCKER BORN EVERY MINUTE…

via Ed Driscoll  Inside the Collapse of CNN+, The News Channel’s ‘Apollo Mission:’ Hundreds of staffers were drawn to the streaming venture, positioned as network’s future; $5.99-a-month service lasted one month. For the more than 400 workers involved, it’s also the story …

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