Dumb and Dumber

400+ Ukrainian Drones Launched On Moscow In One Of Biggest Attack Waves To Date The Russian capital has been hit with a massive drone wave from Ukraine, which injured at least ten people - including three Chinese citizens - local authorities say. Moscow Mayor Sergei Sobyanin has stated that more than 400 UAVs were launched toward Moscow and its suburbs overnight in one of the largest single raids since the war's start. Reuters: Smoke billows after Ukrainian drone attacks in Podolsk, Moscow Region. He described that most of the inbound drones were intercepted far from...

The Fed Will Invent New Inflation Numbers Out Of Thin Air Submitted by QTR's Fringe Finance The Federal Reserve is rapidly approaching the point where every available option becomes politically toxic, economically destructive, or both. Inflation remains stuck around 3.8% CPI, well above the Fed’s stated 2% target, and that number alone should theoretically eliminate any serious discussion of aggressive easing. Treasury yields are rising as bond investors demand compensation for persistent inflation, uncontrolled fiscal deficits, and the growing realization that Washington’s debt load is becoming increasingly unstable. The American consumer, meanwhile, is clearly running on...

Modi Urges Indians To Conserve Fuel As Oil Shock Spreads India’s Prime Minister called on the nation to work from home, travel less, and conserve fuel to help the government save foreign exchange, OilPrice reported. “In the current situation, we must place great emphasis on saving foreign exchange,” Narendra Modi said, as quoted by Reuters. The prime minister also urged Indians to stop buying gold, again to conserve foreign exchange. Modi also called on farmers to reduce their fertilizer use by as much as 50%. CNBC recalls that India spent $174.9 billion...