Continue reading “It appears that the rich have not felt the pain of 2022”
Ho Ho Ho! Merry X-mas!
As we all know, the four seasons are: baseball, football, basketball and tax.
Productivity vs real earnings in the US — what happened ca 1974?
Somewhat related to the most recent US elections, I’ve been researching the whole “white working class” situation, and one strange anomaly has popped up.
When one looks at a graph of productivity (for the US) vs real wages, there is a marked “disturbance in the force” around 1974.
Continue reading “Productivity vs real earnings in the US — what happened ca 1974?”
Yesterday, equity traders bought two puts for every call. It was the most bearish sentiment in the options market. Ever.
XRT has run out of money!!
US bitcoin miner Core Scientific files for bankruptcy
tl;dr:
- Core Scientific reiterated it could run out of cash before the end of the year as lawsuits are piling up.
- Core Scientific has been affected by the bankruptcy of lender Celsius’s mining arm, one of its biggest clients.
- Two other companies sued CORZ in November: Sphere 3D (ANY) and McCarthy Building Companies. A class-action lawsuit was filed in the same month in Texas courts alleging failures to disclose important information to investors.
Continue reading “US bitcoin miner Core Scientific files for bankruptcy”
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