Meanwhile In China, Giant Liquidity Shortage Pushes Overnight Rates To 5 Year High

January 27, 2021@10:06 PM TFP Editor 0

Meanwhile In China, Giant Liquidity Shortage Pushes Overnight Rates To 5 Year High One day after we reported that China’s overnight money market rate jumped to the highest in 15 months amid i) continued drainage of liquidity by the PBOC and ii) a warning by a PBOC advisor that asset bubbles have formed in the stock and property markets, China’s overnight repo spiked even higher, surging to its highest since March 2015, as investor jitters over liquidity mounted due to the central bank’s accelerating withdrawals. [Read More]

British energy firm threatens to seize India government assets

January 27, 2021@9:11 PM TFP Editor 0

Cairn has sent a letter to Indian government officials, seen by both Reuters and the Financial Times, saying its shareholders “expect early resolution, failing which they will expect Cairn to pursue the award in conformity with its rights under the treaty”. Read on The Source

20% Of The World Could Have Digital Cash In Three Years: BIS

January 27, 2021@8:57 PM TFP Editor 0

20% Of The World Could Have Digital Cash In Three Years: BIS While most traders and finance pros are distracted by the ongoing war between Wall Street and Wall Street Bets which sparked market moves and short squeezes which until last week were viewed as unthinkable, we should remember that for all its entertainment value the crusade of a few millions GenZers is a sideshow which can be shut down with the flick of a switch. Indeed, tonight’s main event, which saw the most heavily [Read More]

US COVID Cases Tumble Across The West & South

January 27, 2021@7:53 PM TFP Editor 0

US COVID Cases Tumble Across The West & South In the last few days – really since the BIden inauguration – we have seen declarations of victory over covid across the board, from the likes of Dr. Fauci who yesterday said that coronavirus infections may be about to hit a “plateau“, to Wall Street, where Bank of America yesterday declared “The Beginning Of The End Of The COVID Crisis.” Then, last week, we asked if it was “almost over” when the US saw a record [Read More]

Florida Man Arrested Over 2016 Election Memes Designed To “Trick” Hillary Voters

January 27, 2021@7:00 PM TFP Editor 0

Florida Man Arrested Over 2016 Election Memes Designed To “Trick” Hillary Voters A 31-year-old Florida man was arrested in West Palm Beach on Wednesday on federal charges that he conspired with several other people to use memes and social media platforms to trick Hillary Clinton voters into voting via text message, and that voting for Hillary would mean people’s daughters would be drafted to fight establishment resource wars under a Clinton presidency. Mackey’s “Ricky Vaughan” avatar Douglass Mackey, a.k.a. “Ricky Vaughn,” faces up to 10 [Read More]

UK car production tumbles to ‘worst in a generation’

January 27, 2021@6:04 PM TFP Editor 0

Shipments to the US, Japan and Australia last year all fell, down 33.7%, 21.6% and 21.8% respectively. Exports to China, however, ended the year up 2.3%, and those to South Korea and Taiwan also rose 3.6% and 16.7% respectively as these nations travelled on different trajectories in dealing with the pandemic. Read on The Source

Biden Administration Sued For Halting Oil, Gas Leasing On Federal Lands

January 27, 2021@5:41 PM TFP Editor 0

Biden Administration Sued For Halting Oil, Gas Leasing On Federal Lands Authored by Jack Phillips via The Epoch Times (emphasis ours) The Biden administration was sued on Jan. 27 over its executive order to halt oil and gas leasing on federal lands and waters. The lawsuit (pdf) was filed in the U.S. District Court in Wyoming by the Western Energy Alliance, a group representing fossil fuel producers on federal lands. They say President Joe Biden exceeded his authority with the recent order. “The law is clear. Presidents [Read More]