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HomeZero Edge

Zero Edge

Energy Crisis

The Lukoil Loophole: How Russian Oil Sidesteps Sanctions To End Up In The US

November 3, 2022 Mariel Alumit

Authored by Mike Shedlock via MIshTalk.com, I describe the roundtrip process in which Russian oil refined in Italy makes its way to to the US. It’s a real hoot…   Image composite from WSJ video […]

iPhone
Commodities

China’s ‘iPhone City’ Locks Down As Workers Flee Factory Amid Zero Covid Chaos

November 2, 2022 Stu Turley

A week-long lockdown was implemented around the world’s largest iPhone factory in the central Chinese city of Zhengzhou. Beijing is ramping up its zero Covid policy despite internet rumors suggesting otherwise, only to be proven […]

Russia
Geopolitical

Russia Says “Top Priority” Is To Avoid Nuclear Clash, Reiterates Purely Defensive Use

November 2, 2022 Stu Turley

Russia on Wednesday warned that the world’s “top priority” should be the nuclear-armed super powers avoiding confrontation at all costs or else this would lead to “catastrophic consequences.” “We are firmly convinced that in the […]

Energy Crisis

East Vs West, ‘Stuff’ Vs ‘Finance’

November 2, 2022 Mariel Alumit

Authored by Kurt Cobb via OilPrice.com, It seems increasingly apparent that the focus on “finance” will be less rewarding and the focus on “stuff” will become more important to the nations of the world. In […]

Peter Schiff
Zero Edge

Peter Schiff: The Real Estate Bubble Is Losing Air & A Financial Crisis Is Coming

November 2, 2022 Mariel Alumit

Via SchiffGold.com, Artificially low interest rates blew up a big housing bubble. In a podcast, Peter Schiff explained that it is actually a bigger bubble than the one preceding the 2008 crash. But this time, […]

ADP
Zero Edge

ADP Employment Report Shows Labor Market Strengthened In October

November 2, 2022 Mariel Alumit

Following the weakness in this week’s US manufacturing surveys’ employment sub-indices, analysts expected this morning’s ADP Employment data to show a slowdown in job gains in October. However, like JOLTS, the ADP data showed an […]

Gasoline
Finance

WTI Rises After US Crude Production Slides, Gasoline Stocks Hit 8 Year Lows

November 2, 2022 Mariel Alumit

Oil prices pumped and dumped overnight as a big crude draw reported by API prompted gains into Asia and a statement crushing hopes of an end to China’s Zero-COVID policy sent prices back down to […]

Pennsylvania
Zero Edge

Pennsylvania Supreme Court Orders Undated, Wrongly Dated Ballots To Not Be Counted

November 2, 2022 Mariel Alumit

By Mimi Nguyen Ly of The Epoch Times The Pennsylvania Supreme Court on Tuesday ordered counties to not count any ballots that are in undated or incorrectly dated envelopes in the upcoming Nov. 8 elections, […]

Finance

Can The Dollar Once Again Be Anchored By Gold? One Congressman Believes It Can

November 2, 2022 Mariel Alumit

Authored by Thorstein Polleit via The Mises Institute, On October 7, 2022, US congressman Alex Mooney (a Republican from West Virginia) introduced a bill (the Gold Standard Restoration Act, H.R. 9157) that stipulates that the […]

Finance

Nomura: The Fed “Has To Message Hawkishly” Today Ahead Of “Spectacular Amount” Of Event Risk Next Week

November 2, 2022 Mariel Alumit

With a looming sense of deja vu all over again, US equity prices have decoupled ‘hopefully’ from monetary policy expectations in recent weeks as the ‘pause/step-down/pivot’ narrative combined with extreme positioning to prompt yet another […]

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