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'Soft' Data Soars To 2-Year Highs As Chicago PMI Smashes Expectations
'Soft' Data Soars To 2-Year Highs As Chicago PMI Smashes Expectations
Market News International's Chicago Business Barometer smashed expectations this morning, print 57.7 - the highest since May 2022 - and above the highest analysts' expectation.
This is the second straight month above 50 (signaling expansion) with new orders and employment surging (but prices also rising)...
Prices paid rose at a faster pace; signaling expansion
New orders rose at a faster pace; signaling expansion
Employment rose and the direction reversed; signaling expansion
Inventories fell and the direction reversed; signaling contraction
Supplier deliveries rose at a faster...
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May 21, 2026 / Tyler Durden
The News-to-Death Ratio Strikes Again
The News-to-Death Ratio Strikes Again
Authored by Carl Henegan and Tom Jefferson via The Brownstone Institute,
There is a peculiar arithmetic that governs modern health reporting, one that has very little to do with actual risk. Hans Rosling captured it neatly during the 2009 swine flu episode, when he calculated a “news-to-death ratio” of 8,176-to-1. In other words, for every death attributed to swine flu, there were over eight thousand news stories. Tuberculosis, by contrast, received less than 0.1 news stories per death over the same period.
If that sounds absurd, it...
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Nov 10, 2026 / Tyler Durden
"Could Be First Shoe To Drop": AI Power Stocks Tumble As SoftBank's Write-Down Deepens Bubble Fears
"Could Be First Shoe To Drop": AI Power Stocks Tumble As SoftBank's Write-Down Deepens Bubble Fears
GE Vernova and Bloom Energy shares plunged Tuesday after SoftBank Group disclosed a $3.7 billion charge tied to power equipment procurement. We asked whether this write-down, cancellation, or "revised procurement strategy" in the AI spending boom could signal trouble ahead in a note titled "Masa's $3.7 Billion Bonfire: SoftBank Posts $7 Billion Loss After Torching Deposits On AI Power Gear As Interest Costs Double."SoftBank's disclosure followed Elon Musk's claim last week on X that...
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May 8, 2026 / Tyler Durden
Trump Administration Drops First Batch Of UAP/UFO Files
Trump Administration Drops First Batch Of UAP/UFO Files
On Friday, the Trump administration released the first official tranche of declassified UAP (Unidentified Anomalous Phenomena) and UFO files through the new Presidential Unsealing and Reporting System for UAP Encounters (PURSUE) - which of course was the alternative to the real incriminating Elite Presidential Shielding Taskforce Ensuring Impunity Now (EPSTEIN) files.
ack ack ack
The files are hosted at the official government site: https://www.war.gov/UFO/. This marks the start of a rolling release schedule (new materials every few weeks) covering decades of unresolved cases across multiple agencies, with...
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