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Bank Of Canada Warns Markets More Vulnerable To Sharp Correction Due To AI Concentration, Basis Trades

Bank Of Canada Warns Markets More Vulnerable To Sharp Correction Due To AI Concentration, Basis Trades The Bank of Canada said the global financial system has functioned (surprisingly) well through recent global shocks, but underscored the risk of a sharp asset price correction as well as vulnerabilities related to the role hedge funds are playing in debt markets. The central bank’s 2026 financial stability report released Thursday noted financial asset valuations have continued to rise, while the stock market is increasingly concentrated in a handful of large tech companies that are...
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May 14, 2026 / Tyler Durden
Billionaire Democrat Donor Who Bankrolled Swalwell Breaks Silence After Surprise Arrest
Billionaire Democrat Donor Who Bankrolled Swalwell Breaks Silence After Surprise Arrest Billionaire and Democrat donor Stephen Cloobeck was arrested Tuesday in Los Angeles on suspicion of felony charges of attempting to prevent or dissuade a victim or witness from testifying after a warrant was issued for his arrest.  Cloobeck, founder of Diamond Resorts - who until recently was a major financial supporter of former Rep. Eric Swalwell’s (D) failed campaign for California governor, was booked into custody in West Hollywood, according to Los Angeles County Sheriff’s Department records. He was later released on $300,000...
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Mar 25, 2026 / Tyler Durden
From Zimbabwe To Washington: The Farce Of "Independent" Central Banks
From Zimbabwe To Washington: The Farce Of "Independent" Central Banks Authored by Nick Giambruno via InternationalMan.com, When Zimbabwe makes the news, it’s rarely for good reasons. There’s a good reason for that. The country has spent years in a state of perpetual crisis. Hyperinflation obliterated its currency and decimated the economy. Yet beneath the surface lies extraordinary wealth. Zimbabwe is rich in natural resources: gold, platinum, diamonds, and some of the most fertile farmland on Earth. That’s what led me to organize a research trip there about 10 years ago alongside legendary investor Doug Casey. We also sat...
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May 17, 2026 / Tyler Durden
Attack Drone Hits Near UAE Nuclear Power Plant
Attack Drone Hits Near UAE Nuclear Power Plant Abu Dhabi authorities report that a kamikaze drone struck an electrical generator outside the inner perimeter of the Barakah Nuclear Power Plant in Al Dhafra. Officials said there were no injuries, no impact on radiological safety levels, and no disruption to plant operations. Dubai-based newspaper Gulf News cited the Federal Authority for Nuclear Regulation, which said the one-way drone attack on the Arab world's first commercial nuclear facility did not affect the safety of the nuclear power plant or the readiness of...
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