Barter, Media of Exchange, and Colonial America

From 'Model Migrant' To Wife-Chopper: Integration Poster-Boy Accused Of Grisly Murder Via Remix News, The Eritrean migrant accused of dismembering his partner and the mother of his daughter was once held up as a “model migrant” 10 years ago in a variety of German newspapers. These papers reported that he was an example of how “integration” could work. Today, 41-year-old Asmerom G. is accused of butchering his own wife. In fact, authorities have still not found her head. German media were still singing his praises in 2016. The man from Eritrea had landed...

Jobless Claims & JOLTs Confirm 'Higher Hire, No Fire' Economy With JOLTs data showing record hiring (and ADP signaling acceleration in job additions), today we get some signal on firings as the number of Americans filing for unemployment benefits for the first time was at 200k last week (below the 205k exp) and continuing to languish near multi-decade lows (near 1967 lows!!)... Source: Bloomberg Non-seasonally adjusted across all the states saw a 299k drop in claims led by Rhode Island and Arizona (California and Michigan saw the biggest increases)... Continuing jobless claims also...

Archegos 2.0? Star AI Investor's Fund Seeks Fresh Cash After Massive Levered Bets Blow Up Update (1000ET): Situational Awareness has exited all of their public investments, CNBC’s David Faber reports on air, citing people familiar with the situation. Faber reports that the liquidation was done “through one enormous trade." Roughly two-thirds of the assets under management at Situational Awareness were public equities, both that he owned on the long side and that he was shorting, Faber says. That could help explain the panic bid in Nasdaq this morning, as investors may believe the overhang...