Spotting Market Bubbles: Why History Says It's Nearly Impossible

China Introduces Pistol-Like Coil-Gun Based On Electromagnetic-Launch Systems Authored by Bojan Stojovski via Interesting Engineering, A new handheld coil gun developed in China is designed for discreet, non-lethal use, including law enforcement operations, state broadcaster CCTV reported. Capable of firing between 1,000 and 2,000 rounds per minute, the weapon can penetrate wooden boards from distances of several dozen yards. Its adjustable power settings allow it to incapacitate rather than kill when set lower. China develops electromagnetic weapon for covert operations.Gamersky The compact electromagnetic launcher features a 12-inch barrel and is light enough to...

Piper Sandler's Top Economist Sees "Big Bounce" In Consumer Sentiment As Gas Prices Tumble Building on last week's theme of "early signs of a turn in U.S. consumer discretionary," Piper Sandler analysts note that the sharp decline in gasoline prices at the pump is beginning to lift consumer sentiment, particularly among lower-income households. Their proprietary daily confidence data suggest the rebound is still in the early innings, but the direction is clear: cheaper gas is easing pressure on working-class folks. Piper Sandler's chief global economist and head of the firm's economics...

Shale Giant Diamondback Is Boosting Oil Output "Immediately" On Soaring Prices With oil prices soaring to multi-year highs, it was only a matter of time: Diamondback Energy, one of the largest shale oil producers, announced it is boosting crude output in response to rising prices caused by the Iran war. The company that operates in the Permian Basin of West Texas and New Mexico is pumping more than 520,000 barrels a day, 3% more than its original full-year guidance, and plans to sustains those levels, Chief Executive Officer Kaes Van’t Hof...