Trade
Alphabet Shares Slide On Report Samsung Abandoning Google For Bing
Shares of Alphabet slid during premarket trading in New York on Monday following a New York Times report on Sunday that revealed South Korean consumer electronics giant Samsung was considering replacing Google with Microsoft’s Bing as the default search engine on its devices. NYT said Google’s employees were “shocked” when they heard about the news in March.…
Read MoreWorld Bank Warns Of ‘Lost Economic Decade’ As Turmoil Spreads
The world is in a precarious situation, with the potential for nuclear conflict. Central banks are taking aggressive measures to address decades-high inflation by raising interest rates, which in turn is causing a banking crisis in the Western world. As recession risks surge worldwide and international trade fractures, the future of the global economy appears…
Read MoreThe EU Will Lag On AI For The Same Reason It Lost On Phones And EVs
Let’s discuss why the EU lags on artificial intelligence, electric vehicles, cloud storage, phone technology, and nearly everything else… Eurointelligence comments Europe is Losing the AI Battle. Having missed the first stage of the digital revolution, Europe is now in danger of missing the next big phase: that of artificial intelligence, a technology that is now…
Read MoreThe “Price Shock” is Just Starting: German Industry To Pay 40% More For Energy Than Pre-Crisis
Back in August 2022, repo plumbing guru Zoltan Pozsar published a fascinating chart showing how “$2 Trillion Of German Value Depends On $20 Billion Of Russian Gas” or specifically, how Germany had applied some 100x leverage – much more than Lehman – on cheap commodities, and mostly Russian gas, to cheaply run its export-driven economic miracle for decades.…
Read MoreNorway Replaces Russia As Germany’s Top Gas Supplier
Norway became Germany’s single-largest natural gas supplier in 2022, overtaking Russia, as total German gas imports dropped by 12.3% compared to 2021, the German Federal Network Agency, Bundesnetzagentur, said on Friday. Norway provided 33% of the gas Germany imported last year, followed by Russia, whose share fell to 22% for last year, compared to a 52% share in…
Read MoreEurope’s Big And Expensive Energy Mistake
Europe failed to prioritize energy security and has now found itself overly reliant on Russian energy and paying sky-high prices for power France is dealing with this issue by renationalizing its largest utility in order to ensure the survival of nuclear power. Germany, which is arguably the country that has suffered most from energy security…
Read MoreHere’s How The Energy Crisis Turns Into Hunger And Then… War?
We have previously warned about a whopping food crisis and supply problems in the fertilizer market. Well, now is worse because that was BEFORE we had the natural gas crisis. Why is that important? Natural gas is THE critical input into making fertilizer. Urea is essentially ammonia in solid state, the process of which entails…
Read MoreThe Commodity-Currency Revolution Begins…
We will look back at current events and realise that they marked the change from a dollar-based global economy underwritten by financial assets to commodity-backed currencies. We face a change from collateral being purely financial in nature to becoming commodity based. It is collateral that underwrites the whole financial system. The ending of the financially based…
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