Good morning. US stock futures dipped in Tuesday morning trading as investors readied themselves for key inflation reports and continued to digest corporate earnings releases.

"Cost consciousness is important, but it's not the goal. The goal is maximizing net returns"

Antti Llmanen

Top News

Fed exec: Big credit squeeze coming!

WHAT: President of the Federal Reserve Bank of Chicago Austan Goolsbee just dropped a bombshell on the possible future of banking and direction of the US economy! According to Goolsbee, a tightening of credit conditions is underway which could usher in a recession in the not to distant future.

WHY: "The credit crunch, or at least the credit squeeze is beginning" Goolsbee said in an interview with Yahoo Finance. Goolsbee noted he was concerned that a lending slowdown was happening just as the Biden Administration seeks to find a solution to the current debt situation in the US.

The biggest threat to Europe's auto industry is...China?

WHAT: Europe's car manufacturers might be in for a bumpy ride! According to a report from Allianz Trade, Chinese-made electric vehicles are giving them a run for their money and if policymakers don't step in, car manufacturers could lose a whopping 7 billion euros ($7.7 billion) in profits by 2030.

WHY: The problem is also twice as bad for European car manufacturers as they face the prospect of falling sales of their own vehicles in China where local EV manufacturers have been growing domestic market share.

Flight problems? Pay me!

WHAT: It might soon be time for airlines to get their wallets out and start paying up! The Biden Administration announced that they're drafting new rules to make sure that passengers get compensated for major flight delays or cancellations that are the airline's fault.

WHY: The Transportation Department said it plans to write regulations that will require airlines to cover expenses such as meals and hotels if carriers are responsible for stranding passengers.

When Was The Last Time We Upgraded The Combustion Engine?

Let’s face it, engine technology is stuck in the past.

Combustion engines are inefficient, converting just 15% of fuel into useful energy. Considering that the design of these engines is over 100 years old, that shouldn’t come as a surprise.

But MIT-grad, Dr. Alexander Shkolnik, and his physicist father Dr. Nikolay Shkolnik, decided to do something about it.

They patented a new thermodynamic cycle that unlocks a more efficient engine with the same power from a much smaller and lighter package.

With their revolutionary XTS-210 engine, LiquidPiston has designed a product that has up to 5X the power-to-weight in 1/5th the size of engines of comparable power.

With 82 patents granted and pending and over $30M in contracts with the US Dept. of Defense to do everything from helping drones fly farther to making generators smaller, LiquidPiston is just getting started.

And you have the opportunity to invest as they disrupt a $400 billion market.

Click here to invest in LiquidPiston’s ride to the top!

*Thanks to our sponsors for keeping this newsletter free

In Other News

Another crypto exchange bites the dust...

WHAT: Cryptocurrency exchange Bittrex has filed for bankruptcy protection just three weeks after they were called out by the US Securities and Exchange Commission for operating an unregistered securities exchange.

WHY: Several companies in the crypto industry have tumbled into bankruptcy in the past year, felled by a drop in asset prices, renewed regulatory scrutiny and in some cases, criminal charges.

All aboard for a space flight?

WHAT: Virgin Galactic is gearing up for some "out-of-this-world" flying — literally! The company announced that a four-member test flight will be blasting off in May, and they're hoping to get their first paying passengers onboard by late June.

WHY: After completing a lengthy upgrade for its centerpiece tourist spacecraft in February, the company reopened ticket sales for spacecraft flights, setting the price at $450,000 per person, with an initial deposit of $150,000.

Twitter purge on the way

WHAT: Looks like Twitter is about to do some spring cleaning! CEO Elon Musk said the social media giant will be getting rid of inactive accounts that have basically been gathering dust for years.

WHY: Since taking over Twitter last October, Musk has been trying to find new ways to both streamline the company and generate additional revenues in light of advertisers pulling their spend from the social media platform.

Key Economic Events

• Tuesday - Fed's Williams Speaks

• Wednesday - US CPI Y-o-Y

• Thursday - Bank of England Rate

• Friday - Fed's Bullard and Jefferson Take Part In Panel

Notable Briefs

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