HSBC Warns Of Commodity "Super-Squeeze" As Goldman Hikes Copper Forecasts

Scarcity Warnings In Physical World Send Commodities To 14-Year High, Threatening Stock Rally Readers are familiar by now with the broad-based commodity rally, with energy, agricultural products and metals moving sharply higher as former Goldman Sachs commodities head Jeff Currie warned this summer of growing scarcity in the physical economy. The Bloomberg Commodity Index has climbed to levels last seen in 2012... ... while the Quantix Commodity Index has hit a new record high. Bloomberg macro strategist Simon White is out with a new note this morning warning that the commodity rally...

'Safe Space': New Taxpayer-Funded Berlin Pool For 'Blacks Only' On Fridays Via Remix News, A temporary open-air pool erected outside Berlin’s iconic theater was supposed to represent the ultimate low-barrier urban oasis. Instead, a plan to allow only Black people to attend on Fridays has sparked outrage and accusations of racism. Conceived as a free, non-commercial refuge requiring no identity checks — though reliant on a competitive online reservation system — the €300,000 project was introduced to the public as a shared summer meeting point. However, the organizers have implemented a protocol...

Russia Expels Hungarian Diplomats In Stunning Break With Orban Era Over several years of the Ukraine war, Russia and various European countries have escalated their diplomatic war - amid parallel 'spy wars' and mutual accusations of sabotage efforts - which has resulted in tit-for-tat expulsions of diplomats. A big exception to this trend until now was Hungary under Viktor Orbán. Having served as the Prime Minister of Hungary for a near 20-year total period across two separate periods, Orbán throughout the years of the Ukraine war until his defeat by Péter Magyar was...