Don’t forget the massive bailout that follows - can’t let the pension funds, retirees, and insurance companies fail.
Big print. Move the losses to the taxpayers.
Privatize the gains, socialize the losses.
BREAKING: New onboard footage shows the oil tanker that hit an Iranian naval mine earlier today off the UAE coast during the fire. It's a VLCC carrying 2 million barrels of Saudi crude oil.
Jared Kushner may own nearly every .SI domain, and he might have been buying them in bulk for months before Trump declared AI would be renamed Super Intelligence.
- They were neighbors almost door to door.
- Same age.
- Same dental work.
- Same nose.
- They went out partying together a few times.
- AI facial recognition gives them an 85% probability of being the same person.
- California banned his DNA test
We live in a fucking simulation
U.S. GULF SHUTS DOWN 72% OF OIL PRODUCTION
The U.S. Gulf of Mexico has shut in 71.5% of daily oil production and 58.8% of natural gas output, according to the Marine Minerals Administration.
Personnel have been evacuated from 129 offshore production platforms, representing nearly 35% of manned facilities.
The widespread shutdowns highlight major disruptions to U.S. energy supply amid severe weather conditions.
SHELL SAYS IT IS EVACUATING ALL PERSONNEL AND SHUTTING PRODUCTION AT ITS MARS, OLYMPUS, URSA, VITO AND APPOMATTOX ASSETS, HAVING ALREADY RELOCATED NON-ESSENTIAL STAFF FROM THE STONES ASSET
When mortgage rates were 3%, the monthly payment on a $500K house with 10% down was about $1,900. When rates rise to 9% next year, the same mortgage will cost over $3,600. At that rate, to reduce the payment to $1,900, the price of the house would have to fall by nearly 50%.
BREAKING: 🇺🇸 US 30-year bond yield just hit 5.7% for the first time since 2002.
Back then, inflation was only 1.2%, the Fed funds rate was 1.75%, and the stock market was already in a crash, about 40% below its peak.
Today inflation is almost 3 times higher at 3.4%, and stock market is at all time high.
BREAKING: Ukraine has just struck an oil tanker, which is now burning off the coast of Sochi in Russia's Krasnodar region, with a massive fire and a black smoke column rising several kilometres.
Venezuela's Cardón Oil Refinery, the country's second-largest, exploded and caught fire today.
The facility has reportedly halted operations, per Reuters.