BREAKING: Trump says "there will be no deal with Iran except unconditional surrender."
US oil prices immediately surge to a 2-year high.
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US oil prices immediately surge to a 2-year high.
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Breaking: BlackRock just froze $1.2 billion in withdrawal requests at its private credit fund.
Here's what happened:
β’ Investors in BlackRock's $26B fund asked to pull out 9.3% of their money
β’ BlackRock said no β capped withdrawals at 5%
β’ Blackstone's $82B fund saw record withdrawal requests the same week
β’ Blackstone had to put in $400M of its own cash to cover the exits
Two of the biggest funds on the planet are limiting how much you can take out.
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Here's what happened:
β’ Investors in BlackRock's $26B fund asked to pull out 9.3% of their money
β’ BlackRock said no β capped withdrawals at 5%
β’ Blackstone's $82B fund saw record withdrawal requests the same week
β’ Blackstone had to put in $400M of its own cash to cover the exits
Two of the biggest funds on the planet are limiting how much you can take out.
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Two hours ago, Israel bombed the bunker beneath the residence of Supreme Leader Khamenei.
50 fighter jets dropped more than 100 bombs.
The compound above it, the residence and offices of the Supreme Leader, Khamenei, was one of the three main targets of the initial strike on Saturday.
The strike on Saturday was not targeted at the bunker, and therefore bunker-buster bombs were not used, as there was no need and the bunker was not damaged.
Today's operation was carried out following intelligence received by Israel indicating that at least one very senior official in the Iranian regime was inside.
The IDF belives that "the bunker stretched across long streets, beneath the civilian population, and had multiple entrances - it was perceived by the Iranian terror regime as impenetrable."
There is no BDA yet.
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50 fighter jets dropped more than 100 bombs.
The compound above it, the residence and offices of the Supreme Leader, Khamenei, was one of the three main targets of the initial strike on Saturday.
The strike on Saturday was not targeted at the bunker, and therefore bunker-buster bombs were not used, as there was no need and the bunker was not damaged.
Today's operation was carried out following intelligence received by Israel indicating that at least one very senior official in the Iranian regime was inside.
The IDF belives that "the bunker stretched across long streets, beneath the civilian population, and had multiple entrances - it was perceived by the Iranian terror regime as impenetrable."
There is no BDA yet.
π³πΎπΎπΌπΏπ€π π πΈπ½πΆ
π₯6β‘1π1
Almost 40% of altcoins are now trading near their ALL-TIME LOWS
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This is not a model. It's just a picture of history. It is what has actually happened with Bitcoin's price over time.
Every time Bitcoin hit that threshold bottom it was a capitulation point. Every time. Since 2010.
This is not 'power law' it is Metcalfe's Law. The time scale is 'root time' not 'log time.' The paper explains why this trend persists. Free to download.
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Every time Bitcoin hit that threshold bottom it was a capitulation point. Every time. Since 2010.
This is not 'power law' it is Metcalfe's Law. The time scale is 'root time' not 'log time.' The paper explains why this trend persists. Free to download.
π³πΎπΎπΌπΏπ€π π πΈπ½πΆ
The U.S. Department of State again urged U.S. citizens in Bahrain to leave using all available means of travel, saying that commercial flights are still not available out of the small Gulf nation, but that ground lines of transportation, specifically the King Fahd Causeway to Saudi Arabia, remains open. Moderate congestion can be seen on the on-ramp to the causeway on Google Maps
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Video reportedly shows an Iranian ballistic missile strike on Prince Sultan Air Base in Saudi Arabia
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GM new messages ATH yesterday in the chat
Wonder what I missed
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Wonder what I missed
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THIS IS VERY CONCERNING
The US economy might be heading towards stagflation, and the consequences could be disastrous.
Let me tell you how:
Since the US-Iran war has started, oil prices are going through the roof.
In just 5 days, US oil prices have moved from $70 to $82, an 18% increase.
If we use this data since the last CPI data was released, US oil prices are up nearly 32%, or $19.6.
As per some estimates, every $10 increase in oil prices causes a 0.2% rise in inflation and a 0.1% drag on GDP.
Right now, the US CPI is at 2.4%, while last quarter's GDP was at 1.4%.
If accounting for the oil price increase, CPI is now at 2.8%, while the GDP has dropped to 1.2%.
This means inflation is about to run hot again, while economic growth will shrink, a scenario that's called "stagflation."
And this is the worst-case scenario for an economy.
During stagflation, if the Fed:
Does tightening Inflation will cool down, but economic growth will get worse.
Does easing Economic growth will get better, but inflation will go up even more.
Now, the only hope here is that the US and Iran reach a negotiation here, which will allow the oil tankers to move easily.
This will result in more supply entering the market, and oil prices will fall, causing future inflation to cool down while economic growth rises.
π³πΎπΎπΌπΏπ€π π πΈπ½πΆ
The US economy might be heading towards stagflation, and the consequences could be disastrous.
Let me tell you how:
Since the US-Iran war has started, oil prices are going through the roof.
In just 5 days, US oil prices have moved from $70 to $82, an 18% increase.
If we use this data since the last CPI data was released, US oil prices are up nearly 32%, or $19.6.
As per some estimates, every $10 increase in oil prices causes a 0.2% rise in inflation and a 0.1% drag on GDP.
Right now, the US CPI is at 2.4%, while last quarter's GDP was at 1.4%.
If accounting for the oil price increase, CPI is now at 2.8%, while the GDP has dropped to 1.2%.
This means inflation is about to run hot again, while economic growth will shrink, a scenario that's called "stagflation."
And this is the worst-case scenario for an economy.
During stagflation, if the Fed:
Does tightening Inflation will cool down, but economic growth will get worse.
Does easing Economic growth will get better, but inflation will go up even more.
Now, the only hope here is that the US and Iran reach a negotiation here, which will allow the oil tankers to move easily.
This will result in more supply entering the market, and oil prices will fall, causing future inflation to cool down while economic growth rises.
π³πΎπΎπΌπΏπ€π π πΈπ½πΆ
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Analysis shows more than 45 police stations among 360+ sites hit in the U.S.-Israeli bombing campaign across Iran.
Take out the police force, and the regimeβs grip on the streets starts to crack.
Sky News
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Take out the police force, and the regimeβs grip on the streets starts to crack.
Sky News
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π―4π€¬3π2β‘1
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BREAKING: United Airlines has announced that passengers can now be removed from flights if they refuse to use headphones while playing music, videos, or movies.
Under the new policy, travelers who continue playing audio out loud after being asked to stop could face removal from the aircraft and in some cases may also be banned from flying with the airline in the future.
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Under the new policy, travelers who continue playing audio out loud after being asked to stop could face removal from the aircraft and in some cases may also be banned from flying with the airline in the future.
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USAF B-1 Lancer heavy bomber arriving in Britain, redeployed to RAF Fairford in order to conduct additional strikes on Iran
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A shocking amount of rhetoric from highly educated leftists can be defeated by a functionally retarded man stumbling into the room and asking βeven Palestine? Even George Floyd??β
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