Marcello addresses Tesla’s intentions to significantly reduce Model Y production at its Shanghai facility by over 20% (relative to November) in today’s recap. In a contentious effort to encourage the use of digital payments, Nigeria has outlawed ATM transactions up to $45 per day; in North Carolina, two nights without electricity resulted in frigid temperatures when vandals shot up two electrical substations. U.S. producer prices (PPI) rose +0.3% last month, which was more than expected in November. Data for October was revised […]
Global Investing Blog
December 4: Crypto Bankruptcies Cont, New Virus Found, last Nail in collapse of dollar? (Recap ep204)
In this week’s Recap, Marcello tells us about how the snowball of bankruptcies following the collapse of FTX is growing nonstop; A group of scientists has found and replicated some frozen viruses found in the Siberian permafrost; The dollar is still driving down a complicated road: Ghana wants to pay for oil products with gold rather than dollars. U.S. cryptocurrency brokerage Genesis says it is seeking to avoid bankruptcy after a report on Tuesday that creditors to the firm are organizing with […]
November 27: Thanksgiving cost explodes 20%, Elon Musk Building Phone, Blackouts Europe (Recap ep203)
In today’s Recap, Marcello warns us about the hike in prices that food has suffered. While governments claim that inflation is low, food prices for the Thanksgiving holiday have risen by 20%; Elon Musk has stated that he may build his own phone in response to suggestions that Twitter be removed from the Android and Apple app stores; and Europe will undoubtedly suffer from blackouts during the coming winter due to the ongoing energy crisis. Chinese officials imposed more restrictions Wednesday to […]
November 13: Crypto Bloodshed, Marvelous Inflation News, Europe still screwed (Recap ep201)
In today’s Recap, despite the terrible cryptocurrency scenario brought on by the bankruptcy of the FTX exchange, we finally have some positive news on inflation as it came in under what was projected; Europe is still having trouble meeting its energy demands for the next winter. The cryptocurrency market plunged on Tuesday after the 2 biggest crypto exchanges in the world, Binance & FTX, came to a merger agreement to fix the latest reported “liquidity crunch”. Bitcoin plunged over -14% on Wednesday, […]
October 30: Kanye West Canceled! Elon Musk buys Twitter, Middle Class being destroyed US (Recap ep199)
The middle class will be most impacted by the interest rate increase and price increases, according to Marcello’s recap of th week. Elon Musk ultimately succeeded in acquiring Twitter, and Kanye West has been dropped by numerous firms due to some antisemitic comments. Elon Musk has finally taken ownership of Twitter with business efficiency, quickly firing top executives as he moves forward to achieve the agenda he has outlined for the influential social media platform. “The bird is freed,” he tweeted after […]
October 23: Record HACK in crypto, Internet Cable Cut, IMF Admits control with CBDC (Recap ep198)
In today’s Recap, Marcello talks about how October is on track to be the worst month to date for digital assets that have been stolen through hacking; Another significant communication cable has been cut in France, affecting thousands of users around the world; According to the IMF, the use of CBDC would let governments control what people spend money on. Liz Truss has become the shortest-serving U.K. Prime Minister & the 1st since Winston Churchill to serve 2 monarchs when she resigned […]
October 16: Europe Burns Trash for Energy, Inflation persists, Real Estate Market collapses (Recap ep197)
In this week’s recap, Marcello talks about how Germany and Poland are allowing citizens to burn trash for heat; inflation persists. Pepsico is a prime example. Its prices have risen by 17% year on year; the real estate market is suffering as a result of central banks’ conservative policies. Russia launched cruise missiles on Ukrainian cities on Monday in what the U.S. called horrific strikes, killing civilians & knocking out infrastructure & utilities, with its most widespread air attacks since the start […]
October 9: Elon Musk Buys Twitter Again! US Govt buys anti radiation pills, Ukraine blows up Russian Bridge (Recap ep196)
In today’s Recap, Marcello talks about Elon Musk retaking his project of acquiring Twitter; the U.S. government has bought millions of dollars in antiradiation pills, Is it a coincidence?; and the bridge connecting Crimea and Russia has been blown up in an escalation of the conflict between Russia and Ukraine. U.S. President Biden’s stark warning Thursday evening that the world faces the highest prospect of nuclear war in 60 years was not based on any new intelligence about Russian President Putin’s intentions […]
October 2: New World Order crypto coin, Zuckerberg loses $76 Billion, Hurricane Ian causing Food Shortages? (Recap ep195)
In this week’s recap, Marcello tells us about how the IMF has some ideas about also pursuing a digital SDR mechanism; Forbes reports that Zuckerberg lost more than half his fortune and dropped from #3 on The Forbes 400 list of the U.S.’ wealthiest people to No. 11; and Hurricane Ian has caused significant damage to Florida, North and South Carolina’s infrastructure. Florida, North & South Carolina faced a massive clean-up on Saturday, from the destruction wrought by Cat 4 Hurricane Ian, […]
September 25: Stock Market Massacre, Tesla Recalls Vehicles, Russia Threatens Nuclear War (Recap ep194)
In today’s Recap, Marcello talks about the negative results of the markets overall; Tesla is “recalling” some vehicles to fix a bug on them; and Russia is said to be ready to use nuclear weapons if necessary. Electric vehicle manufacturer Tesla is recalling nearly 1.1M U.S. vehicles because the window automatic reversal system may not react correctly, after detecting an obstruction, thus increasing the risk of injury. The National Highway Traffic Safety Administration was told that Tesla will perform an over-the-air software […]