Is the global financial system about to experience a meltdown? If so, it might be a result of the foreign exchange market. According to a new report from the Bank for International Settlements (BIS), the 24/7 FX market is facing trillions of dollars in debt by non-U.S. borrowers that are situated in FX swaps and […]
Archives for December 2022
Despite strong November jobs report, 7.7 million Americans working two or more jobs
The November jobs report took everyone by surprise again, although this should not be the case anymore, as the monthly employment snapshot continually surprises everyone. That said, the U.S. economy added 263,000 new jobs, higher than the market estimate of 200,000, according to the Bureau of Labor Statistics (BLS). The unemployment rate was unchanged at […]
Biden Likes Venezuelan Oil – Just Not American Oil
By: Andrew Moran As part of efforts to revive price stability in global energy markets, the Treasury Department confirmed that it would permit Chevron to resume pumping crude from Venezuelan oil fields. Despite human rights violations by an authoritarian government in the South American nation, the White House’s policy appears to be to bring down the cost […]
‘I Like Hitler’: A compilation clip of Kanye West’s appearance on Alex Jones
Kyle Kulinski of Secular Talk put together a compilation clip of Kanye West’s craziest moments during his interview with Alex Jones. From the rapper’s adoration for Adolf Hitler to some crazy Benjamin Netanyahu impersonation, it was an off-the-rails appearance. Here is the video:
U.S. employers cut 77k jobs, the highest since January 2021
The November jobs report will be published on Friday. It should be a fascinating one and, in theory, should show considerable weakness in the U.S. labor market. But the monthly snapshot of the jobs situation keeps surprising everyone each month. If the latest job cuts data is anything to go by, then the U.S. economy […]