The Great Credit Unwind & Powell’s Hidden Pivot

The Great Credit Unwind & Powell’s Hidden Pivot

Authored by Alasdair Macleod via GoldMoney.com,

We are all now aware that the global banking system is extremely fragile. Driving bank failures is contracting credit, which in turn drives interest rates higher. Though it is not generally appreciated, central banks have failed

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“Unfathomable Devastation”: At Least 23 Dead After Tornado Tears Through Mississippi

“Unfathomable Devastation”: At Least 23 Dead After Tornado Tears Through Mississippi

At least 23 people were killed and dozens injured after severe thunderstorms and a tornado struck rural Mississippi on Friday night, according to officials from the Mississippi Emergency Management Agency (MEMA).

“We have numerous local and state search and

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The ESG “Cover Your Ass” Tour Begins As Managers Scramble To Remove References In Pitch Decks

The ESG “Cover Your Ass” Tour Begins As Managers Scramble To Remove References In Pitch Decks

It’s bad enough for “asset managers” that ESG stocks and funds are getting pummeled while people look for flights to actual safety, as opposed to unprofitable publicly traded trash with a shiny “green energy

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Pentagon Leaders Say New Budget Will Help Prepare For War With China

Pentagon Leaders Say New Budget Will Help Prepare For War With China

Via The Libertarian Institute, 

Secretary of Defense Lloyd Austin and Chairman of the Joint Chiefs of Staff Gen. Mark Milley told Congress at a Thursday hearing that the Pentagon’s 2024 budget request will help the country prepare for

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Off-Duty Pilot Enters Southwest Cockpit To Help After Pilot Suffers Medical Emergency

Off-Duty Pilot Enters Southwest Cockpit To Help After Pilot Suffers Medical Emergency

An off-duty pilot on a Southwest Airlines flight from Las Vegas to Columbus, Ohio entered the cockpit to help after one of the on-duty pilots suffered a medical emergency mid-flight.

“The captain became incapacitated while enroute. He’s

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“Significant” Amount Of Toxic Waste From Ohio Train Derailment Heads To Baltimore

“Significant” Amount Of Toxic Waste From Ohio Train Derailment Heads To Baltimore

The decision to transport a “significant” amount of toxic wastewater from the East Palestine, Ohio train derailment by rail to a wastewater treatment plant located east of Baltimore City, and eventually discharge it into the local water system,

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Central Banks Decided To Continue Their Fight Against Inflation Despite The Banking Crisis

Central Banks Decided To Continue Their Fight Against Inflation Despite The Banking Crisis

By Phillip Marey, Senior US strategist at Rabobank

Another week of banking turmoil did not halt the fight against inflation for the central banks that were scheduled to make monetary policy decisions this week. However, the Fed

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US Manufacturing & Services PMIs Come In Hot As Inflation Re-Surges

US Manufacturing & Services PMIs Come In Hot As Inflation Re-Surges

S&P Global’s PMI data surprised to the upside in preliminary February data with both Manufacturing and Services coming in hotter than expected.

Flash US Services Business Activity Index at 53.8 (February: 50.6). 11-month high.

Flash US Manufacturing Output Index

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Yellen Convenes Emergency Financial Stability Meeting On Friday As Banking Crisis Explodes

Yellen Convenes Emergency Financial Stability Meeting On Friday As Banking Crisis Explodes

“Capital markets stop panicking when officials start panicking”Michael Hartnett

Here comes the panic.

Bloomberg just reported that Treasury Secretary Janet Yellen – who was singlehandedly responsible for stoking and restarting the bank crisis on Wednesday which

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