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A Level 4 Flood Danger Warning has been in effect for the Kamo River and Takano River in Kyoto City, Kyoto Prefecture, Japan
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While Europe suffers a record heatwave, western Japan is drowning in floodwater after torrential downpours
Osaka is starting to look more like Venice
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Osaka is starting to look more like Venice
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The U.S. Treasury is temporarily lifting some sanctions on Venezuela to let earthquake aid flow in.
The carve-out clears "all transactions" tied to relief efforts and runs from today through October 23.
It covers moving and processing funds to and from Venezuela, as long as the money goes toward the quake response.
Outside help is moving quicker than a government many Venezuelans say has left them stranded.
๐ณ๐พ๐พ๐ผ๐ฟ๐ค๐ ๐ ๐ธ๐ฝ๐ถ
The carve-out clears "all transactions" tied to relief efforts and runs from today through October 23.
It covers moving and processing funds to and from Venezuela, as long as the money goes toward the quake response.
Outside help is moving quicker than a government many Venezuelans say has left them stranded.
๐ณ๐พ๐พ๐ผ๐ฟ๐ค๐ ๐ ๐ธ๐ฝ๐ถ
๐ซก1
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People catch a BREATH after a terrifying 7.5 quake inside an ELEVATOR
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DoomPosting
Rina, a Slavic angel ๐ณ๐พ๐พ๐ผ๐ฟ๐ค๐
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โผ MOM AND DAUGHTER CLIMBED OUT ALIVE
A little girl and her young mum climbed out of a ruin by themselves. Theyโre miraculously unharmed.
WOW
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A little girl and her young mum climbed out of a ruin by themselves. Theyโre miraculously unharmed.
WOW
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Women keep asking โWhere are all the real masculine men?โ
Naftali Mosesโ blunt answer: The second you meet one, you run. Real men require sacrifice and commitment, and most women have been trained to settle for manipulators who lie instead.
The result is a growing dating mismatch that hurts everyone.
Whatโs your take, is this dynamic creating a crisis in modern dating and relationships?
๐ณ๐พ๐พ๐ผ๐ฟ๐ค๐ ๐ ๐ธ๐ฝ๐ถ
Naftali Mosesโ blunt answer: The second you meet one, you run. Real men require sacrifice and commitment, and most women have been trained to settle for manipulators who lie instead.
The result is a growing dating mismatch that hurts everyone.
Whatโs your take, is this dynamic creating a crisis in modern dating and relationships?
๐ณ๐พ๐พ๐ผ๐ฟ๐ค๐ ๐ ๐ธ๐ฝ๐ถ
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Robot delivers an iPhone in Yaroslavl, Russia
Funny that he asks to call the elevator politely in the end
... does this mean that someone downstairs also put him on the elevator?
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Funny that he asks to call the elevator politely in the end
... does this mean that someone downstairs also put him on the elevator?
๐ณ๐พ๐พ๐ผ๐ฟ๐ค๐ ๐ ๐ธ๐ฝ๐ถ
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I THINK BITCOIN BOTTOMS ONCE MICHAEL SAYLOR BLOWS UP OR SOMETHING
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SOMETHING VERY UNUSUAL IS HAPPENING INSIDE SOUTH KOREA'S STOCK MARKET.
The KOSPI crashed over -8% again today, the fifth circuit breaker this month.
More than โฉ400 trillion ($360 billion) was wiped out. Samsung and SK Hynix each fell about 9%.
June 8: an 8% crash within 3 minutes of the open.
June 22-23: a 10% crash, the second worst day in KOSPI history, on a proposal to tax unrealized gains.
Today: another 8% drop.
In between, the index has bounced just as hard, including a near 10% single day gain in March, right after that month's record 12% crash.
Five things are driving this violence:
1. Korea's market runs on retail, locally called "ants," not institutions.
They trade with a quick flip mentality, in fast and out faster, turning every dip into a crash and every bounce into a spike.
2. Samsung and SK Hynix alone make up 45-50% of the entire KOSPI, versus just 14% for Nvidia and Apple combined in the S&P 500.
Two stocks move the whole country's index.
3. Margin debt just hit a record 32.67 trillion won ($22.4 billion), up 25% in a year.
Leveraged single stock ETFs on Samsung and SK Hynix, approved in May, double the daily move, turning a 9% drop into an 18% loss for holders and triggering faster forced selling.
4. The won is classified as a "local" currency, not held in global reserves, so foreign selloffs hit it harder with less buying support.
It's already at a 17-year low, which raises import costs and limits rate cuts even as stocks crash.
5. The National Pension Service, holding assets equal to 60% of Korea's GDP, has blown past its stock allocation limit and is now forced to sell into every rally instead of buying dips, even selling on the day the circuit breaker triggered.
On top of all that, Korea just missed MSCI's developed market watchlist in late June, killing the one catalyst that had foreign capital looking past the volatility.
Retail driven, two stock concentrated, leveraged, currency exposed, missing its stabilizer, and now without its bull case.
That's why this index doesn't move 2% anymore. It moves 8-10%, almost every day.
๐ณ๐พ๐พ๐ผ๐ฟ๐ค๐ ๐ ๐ธ๐ฝ๐ถ
The KOSPI crashed over -8% again today, the fifth circuit breaker this month.
More than โฉ400 trillion ($360 billion) was wiped out. Samsung and SK Hynix each fell about 9%.
June 8: an 8% crash within 3 minutes of the open.
June 22-23: a 10% crash, the second worst day in KOSPI history, on a proposal to tax unrealized gains.
Today: another 8% drop.
In between, the index has bounced just as hard, including a near 10% single day gain in March, right after that month's record 12% crash.
Five things are driving this violence:
1. Korea's market runs on retail, locally called "ants," not institutions.
They trade with a quick flip mentality, in fast and out faster, turning every dip into a crash and every bounce into a spike.
2. Samsung and SK Hynix alone make up 45-50% of the entire KOSPI, versus just 14% for Nvidia and Apple combined in the S&P 500.
Two stocks move the whole country's index.
3. Margin debt just hit a record 32.67 trillion won ($22.4 billion), up 25% in a year.
Leveraged single stock ETFs on Samsung and SK Hynix, approved in May, double the daily move, turning a 9% drop into an 18% loss for holders and triggering faster forced selling.
4. The won is classified as a "local" currency, not held in global reserves, so foreign selloffs hit it harder with less buying support.
It's already at a 17-year low, which raises import costs and limits rate cuts even as stocks crash.
5. The National Pension Service, holding assets equal to 60% of Korea's GDP, has blown past its stock allocation limit and is now forced to sell into every rally instead of buying dips, even selling on the day the circuit breaker triggered.
On top of all that, Korea just missed MSCI's developed market watchlist in late June, killing the one catalyst that had foreign capital looking past the volatility.
Retail driven, two stock concentrated, leveraged, currency exposed, missing its stabilizer, and now without its bull case.
That's why this index doesn't move 2% anymore. It moves 8-10%, almost every day.
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