The Kobeissi Letter: BREAKING: Today's decline officially marks the largest single-day liquidation in crypto history. More than -$9 BILLION was liquidated over the last 24 hours.
Tricolor Holdings, a subprime auto lender working in the shady non-bank lending space, filed for BKO last week. So what did Tricolor do, and how is it affecting credit markets? Let's examine the facts.
The ADP offered a bit of promising news for large corporations as they managed to expand by 33,000 positions last month. Yet, no corporation is immune to the increased cost of goods, excessive regulation, and taxation.
• https://www.zerohedge.com, by Beige Luciano-Adams
Vicente, a man in his early 70s, arrives at the Fresno Mission at 11 p.m. on a Tuesday. By 7 a.m. Wednesday, he's first in a long line that snakes through the parking lot, onto the sidewalk and around the block.
Peter recently appeared on the Land Development Podcast to lay out a simple case: inflation is the central problem for the economy, and the market is already signaling that through the surge in precious metals and commodity prices.
The US economy has been experiencing what I would call a form of "stasis" for the last year; it's floating in the deep ocean, waiting for a catalyst. Either it finds dry land soon, or another anchor is added and it sinks into the abyss.
This Gold Rush Hour dives deep: Why is gold hitting new highs daily? Why is commercial real estate on the brink? And how do YOU protect your wealth before the next reset?
As I wrote just weeks ago, I believed (and still do) that any new market collapse could come at the hands of crypto and/or stablecoins, which have in many ways become an essentially unregulated $4 trillion slush-y money market fund reminiscent of 200
As the government shutdown enters its third day, White House officials have reminded Americans all this week that Democrats voted for the full-blown government shutdown, which has inadvertently given President Trump the greatest gift ever: the abilit
An increasing number of countries are preparing to ramp up Bitcoin adoption after moving past the initial skepticism, according to Jan3 founder Samson Mow.
GLOBAL CENTRAL BANKS historically allocated reserve assets into gold, even after Nixon shut the gold window (1971). Leaned into "paper" (1990s) in the face of USA asset financialization as a nascent internet economy boomed.
• https://www.technocracy.news, By: Will Izuchukwu
The stablecoin of choice in the new financial system is Tether. The firm that manages all of the treasury assets of Tether is Cantor Fitzgerald, which is controlled by the family of Howard Lutnick. CF also directly owns a 5% share of Tether.
Fair Isaac shares surged today after announcing a plan that bypasses the big three credit bureaus - Experian, Equifax, and TransUnion - in providing its credit scores directly to mortgage lenders.
"The era of the Department of Defense is over… From this moment forward, the only mission of the newly restored Department of War is this: warfighting." -- Pete Hegseth