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UMich 'Current Conditions' Sentiment Crashes To Record Low As 'Independents' Lose Faith
UMich 'Current Conditions' Sentiment Crashes To Record Low As 'Independents' Lose Faith
After sliding back near cycle lows in September (as Republicans lost faith in the recovery and MidEast tensions re-escalated), analysts expected UMich consumer sentiment to fall further in preliminary October data released this morning.
And the analysts were right as The University of Michigan’s preliminary sentiment index decreased to 46.3, the lowest reading since May (below the median estimate of 47.6). However, the current conditions gauge sank to 44.7, the lowest on record, from 50.9 in the previous month, while...
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Sep 7, 2026 / Tyler Durden
New York Rediscovers Nuclear Power, With Plenty Of Political Fine Print
New York Rediscovers Nuclear Power, With Plenty Of Political Fine Print
Five years after Indian Point’s last reactor shut down, Albany rediscovered the appeal of electricity that runs around the clock without burning fossil fuels.
Governor Kathy Hochul wants 5 gigawatts of new nuclear capacity, with at least 1 GW developed by the publicly owned New York Power Authority, plus a separate 4 GW initiative.
There haven't been any announcements for the technology of choice, but the most likely candidates are the large Westinghouse AP1000 and the smaller 300 MW BWRX-300 from...
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Jun 1, 2026 / Tyler Durden
Indian Refiners Freeze Domestic Jet Fuel Prices
Indian Refiners Freeze Domestic Jet Fuel Prices
Indian refiners have frozen the price of jet fuel for domestic flights after airlines asked for a respite from fuel price hikes, Bloomberg has reported, adding that in April, jet fuel prices jumped by 8.6% in response to tighter supply.
In an additional concession to airlines, Indian fuel makers also reduced the price of jet fuel for international flights, the report also said, citing unnamed spokespeople from state-owned refiners.
Indian Oil Corp., Bharat Petroleum Corp, and Hindustan Petroleum Corp. have hiked fuel prices four times...
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Apr 22, 2026 / Tyler Durden
'Time Is Running Out For Iran': The Market Is Calling 'Bullshit' On Mainstream's Narrative, Hugh Hendry Explains...
'Time Is Running Out For Iran': The Market Is Calling 'Bullshit' On Mainstream's Narrative, Hugh Hendry Explains...
The stock market is telling a different story from the 'Iran is strong, America is overreaching' narrative being spewed by mainstream media.
For weeks, the financial war narrative has been 'Iran, strong; America, reckless', risk's like mercury and the thermometer rising. And yet, the stock market has done the opposite.
As Hugh Hendry remarks in his latest 'Acid Capitalist' report:
"the gap between what you're reading on the front page of the Financial Times or in...
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