Category: Zero Hedge

While everyone has been transfixed by the unexpected drop in the UMich 5/10 year inflation expectations, which dropped to 3.1% from a preliminary 3.3% print, which means that the alarm signal that prompted the Fed to panic last week and prompted the market to aggressively reprice (lower) the odds of future Fed hikes…

… the report also showed the lowest consumer sentiment reading in the 70-year history of the series, realistically speaking a far more troubling indicator than what a small group of respondents think inflation will be in 10

Authored by Zachary Stieber via The Epoch Times (emphasis ours),

The Centers for Disease Control and Prevention (CDC) confirmed in late 2021 that a person died from blood clotting after receiving a COVID-19 vaccine that had been linked with an increased risk of blood clotting, but did not alert the public for two weeks, newly obtained emails show.

Dr. Tom Shimabukuro, a CDC official, told

In recent commentary reacting to the Supreme Court decision overturning Roe v. Wade, prominent CNN pundit and co-host of The View Ana Navarro “shocked” by bluntly suggesting live on air that some of her own special needs family members, her brother included, should have been… well, we’ll let her say it:

“I am not anybody to tell you what you need to do with your life or with your uterus.” She then mentioned special needs people in her family, saying, “I have a

By Peter Tchir of Academy Securities

Last weekend, I was extremely worried that we were in the process of Cutting Off Our Nose to Spite the Face! We seemed to be on a path where:

• The Fed was going to fight inflation at all costs, even if that pushed us into a recession.
• The Fed was going to fight inflation even in areas where Fed policy wouldn’t be expected to have much of an impact.
• The inflation fear was so palpable that signs of inflation rolling over (along with the economy) would be missed, or

While Twitter routinely bans conservatives, those who challenge the government-sanctioned Covid-19 narrative, or the results of the 2020 US election, threatening to assassinate a Supreme Court justice is just fine.

“I’m going to assassinate supreme court justice Clarence Thomas,” tweeted user @redfrnn after Friday’s Supreme Court decision overturning Roe v. Wade.

Upon reporting the tweet, Twitter said it didn’t break the rules.

In case anyone was wondering, threatening to assassinate a Supreme Court Justice doesn’t violate @Twitter rules. But people get suspended for stating scientific facts.

By James Lord, Global Head of Foreign Exchange and Emerging Market Strategy at Morgan Stanley

My career in sell-side research started in the mid-2000s, when I focused on Emerging Markets. The 2003-07 period felt like the glory days of the asset class, and times were good for markets in general. However, instability was brewing behind a veneer of attractive returns and low volatility. One warning sign was the widening imbalances between the economies running current account deficits and those with surpluses. These imbalances peaked at around 3% of GDP in 2007, thanks to loose financial conditions

Authored by Dave Paone via The Epoch Times,

In a June 25 letter to Judge Alison Nathan, one of Ghislaine Maxwell’s defense attorneys, Bobbi Sternheim, informed the court that Maxwell was placed on suicide watch yesterday by the Manhattan Detention Center (MDC), and that this “recent development” may “require postponement of Tuesday’s sentencing proceeding.”

Sternheim went on to write, “[Maxwell] is not permitted to possess and review legal documents and is not permitted paper or pen. This has prevented her from preparing for sentencing.”

The attorney stated that this was done “without having

Just as the G7 was underway for its first day of meetings on Sunday in the five-star hotel Schloss Elmau in the Bavarian Alps of Germany, Russia’s military pounded Kiev with a series of missile attacks, which President Joe Biden – who is attending in person – condemned as “more of their barbarism.”

Biden was asked by reporters whether he views the relatively rare Russian strikes on Ukraine’s capital as deliberately timed due to the summit, which he didn’t answer. Ukrainian officials say one person died and six were

On Friday Turkey lashed out at a series of positions the EU summit in Brussels took regarding territorial disputes with Greece in the Aegean and Mediterranean – specifically on drilling rights and Ankara’s charge that Greece is “militarizing” its islands in violation of historic treaties, an accusation which the EU has not backed. This also as Turkey has been seething over Ukraine and Moldova so quickly being granted EU candidate status.

The EU has consistently sided with defending Greece and Cyprus’ pushback against expansive Turkish claims, which

Authored by Charles Hugh Smith via OfTwoMinds blog,

The mercantilist dependence on exports for growth, a winner for the past 70 years, has reached diminishing returns. Rather than be a source of growth, it’s a source of stagnation.

Conventional wisdom holds that geopolitical power is inevitably shifting from West to East. It isn’t quite this simple. The real shift is occurring between three sources of power that are not so neatly geographic:

1. The commodity exporters

2. The mercantilist exporters of products

3. The consumer-importing nations

Gordon Long