Pentagon Mulls Placing US Troops On Shipping Tankers To Prevent Iranian Seizure
Pentagon Mulls Placing US Troops On Shipping Tankers To Prevent Iranian Seizure The Pentagon is pursuing strategic ways to prevent further seizures of international vessels by Iran’s military, particularly in and near the vital Strait of Hormuz and Persian Gulf region. There’s been a series of tit-for-tat tanker seizures of late between Tehran and Washington, […]
The Legal Cases Against Trump Explained
The Legal Cases Against Trump Explained Authored by Petr Svab via The Epoch Times (emphasis ours), Former President Donald Trump is running for the White House while facing three indictments and one more criminal investigation. Never before has a former president been criminally charged—much less a frontrunner in another presidential race. As the remaining investigation […]
Credit Scores Abruptly Plunge As Americans Stop Paying Down Debt; Synchrony Financial Warns
Credit Scores Abruptly Plunge As Americans Stop Paying Down Debt; Synchrony Financial Warns Over the past few years, tens of millions of consumers witnessed a remarkable increase in their credit scores, primarily due to helicopter money dished out by the federal government, rock-bottom interest rates, and a pause on student-loan payments. However, the party has come to […]
Kunstler: Summer 2023 Is The “Fulcrum For A Great Public Attitude Adjustment”
Kunstler: Summer 2023 Is The “Fulcrum For A Great Public Attitude Adjustment” Authored by James Howard Kunstler via Kunstler.com, The Blob Begins To Quiver “…the Permanent State lacks the courage to take hard decisions – to say to Moscow, ‘Let us put this unfortunate episode (Ukraine) behind us. Dig out those draft treaties you wrote […]
Bud Light’s Disastrous Pro-Trans Marketing Sparks Major Job Losses As Bottle-Suppliers Start Shutting Down
Bud Light’s Disastrous Pro-Trans Marketing Sparks Major Job Losses As Bottle-Suppliers Start Shutting Down Bud Light’s self-destruction after its botched TikTok promotion with clownish, male-to-female trans influencer Dylan Mulvaney, resulting in what Deutsche Bank analyst Mitch Collett recently said is a permanent loss of nearly 25% of its business, has forced one of its glass […]
Futures Hit 4400 And Reverse Ahead Of CPI Report
Futures Hit 4400 And Reverse Ahead Of CPI Report US equity futures traded sharply higher in early trading, with spoos (Sept futs contract) rising briefly above 4,400 before giving up much of their advance as traders awaited a crucial CPI print which will show pressures have cooled enough to allow the Fed to put tightening campaign on […]
Bill To Legalize Psychedelic Mushrooms Advances In California Senate
Bill To Legalize Psychedelic Mushrooms Advances In California Senate Authored by Jill McLaughlin via The Epoch Times, A bill to decriminalize hallucinogenic mushrooms cleared the California Senate May 24, reaching the halfway point in the state’s effort to legalize the drug, despite increasing opposition by law enforcement and many citizens. Senate Bill 58 was introduced in December by […]
Biden’s Suitcase-Stealing They/Them Nuke Waste Klepto Guru Arrested For Being “Fugitive From Justice”
Biden’s Suitcase-Stealing They/Them Nuke Waste Klepto Guru Arrested For Being “Fugitive From Justice” And so, the career arc of Biden’s colorful (literally) “nuclear waste guru”, Sam Brinton, has come to an end after the the bisexual, suitcase stealing they/them was arrested Wednesday night for reportedly being a “fugitive from justice,” according to law enforcement officials. […]
DOJ Alleges Former Apple Engineer Stole Self-Driving Code For Chinese Company
DOJ Alleges Former Apple Engineer Stole Self-Driving Code For Chinese Company Today’s daily dose of “China stealing intellectual property” news comes to us courtesy of the Department of Justice, who has charged that a former Apple software engineer tried to steal the Cupertino-based company’s autonomous driving technology for a Chinese self-driving company. The Department of Justice […]
UMich Inflation Expectations Soared In April, Sentiment Inched Higher
UMich Inflation Expectations Soared In April, Sentiment Inched Higher A busy end to the week for macro appears to be settling the narrative that we are facing stagflationary pressures as growth slows but inflation signals remain far stickier than expected. This morning’s final UMich report confirms the flash inflation expectations have jumped dramatically with longer-term […]
California Meets 100% Of Water Requests For First Time Since 2006
California Meets 100% Of Water Requests For First Time Since 2006 Due to a wet winter and record mountain snowpack, California will provide 100% of the water requested by cities and farms, marking the first time in nearly two decades. The office of California Governor Gavin Newsom released a statement Thursday that said, “State water contractors to […]
Controversial mRNA Technology Now Targeting Livestock
Controversial mRNA Technology Now Targeting Livestock Authored by Allan Stein via The Epoch Times (emphasis ours), At least five states have introduced bills restricting the use of controversial mRNA technology or gene therapies in livestock or demand full disclosure to consumers on product packaging. The states considering legislation include North Dakota, Tennessee, Arizona, Idaho, and […]
Echoes Of New Century’s Collapse Amid Sudden Firesale Of Real Estate Loans As One Bank Sees 40% Downside
Echoes Of New Century’s Collapse Amid Sudden Firesale Of Real Estate Loans As One Bank Sees 40% Downside Those who peaked below the surface of the latest H.8 statement which, as discussed previously, saw the biggest drop on record in bank loans and leases in the last two weeks of March… … found another, perhaps […]
Saudi Arabia Joins Shanghai Cooperation Organization As It Embraces China
Saudi Arabia Joins Shanghai Cooperation Organization As It Embraces China While the US continues to splinter and cannibalize itself as it turns into a third world country, China is expanding its zone of economic and military influence that covers virtually all global commodity producers as it prepares for the next stage in the Sino-US cold […]
Russia Test-Fires Supersonic Anti-Ship Cruise Missiles In Sea Of Japan
Russia Test-Fires Supersonic Anti-Ship Cruise Missiles In Sea Of Japan Russia’s military has test-fired what its defense ministry (MoD) is describing as a supersonic missile, launching it into the Sea of Japan on Tuesday. The MoD confirmed in a Telegram announcement that its ships of the Pacific Fleet successfully fired two “Moskit cruise missiles at a […]
Ethics Committee Approves New Lobbying Rules That Will ‘Legalize Bribery,’ Say Canadian Citizen Groups
Ethics Committee Approves New Lobbying Rules That Will ‘Legalize Bribery,’ Say Canadian Citizen Groups Authored by Tara MacIsaac via The Epoch Times (emphasis ours), Changes are coming to Canada’s lobbying rules, and a coalition of citizen groups says they will “legalize bribery by allowing for favour-trading between lobbyists and politicians.” The House ethics committee has […]
GOP Can Target Suburban Swing Voters And Keep Their Base
GOP Can Target Suburban Swing Voters And Keep Their Base Authored by Guy Ciarrocchi via The Epoch Times (emphasis ours), In recent election cycles, the Philadelphia suburbs have been moving further into the Democratic column. To add to the challenge for Pennsylvania Republicans, more areas are resembling these communities as the state becomes more suburban. […]
Commodity Traders Gross Record $115 Billion In 2022 Profit Margin
Commodity Traders Gross Record $115 Billion In 2022 Profit Margin Yesterday we reported that for the first time ever, US drillers spent more on share buybacks and dividends – some $128 billion – than on capital projects (understandably so, courtesy of a clueless administration which has sought to demonize and alienate the very corporations it […]
Von Greyerz: Prepare For 10 Years Of Destruction
Von Greyerz: Prepare For 10 Years Of Destruction Authored by Egon von Greyerz via GoldSwitzerland.com, The final stages of major economic cycles are always accompanied by the maximum amount of bad news as well as heinous events. This time is no different as the West is in the process of committing Harakiri (Seppuku). As Elon […]
“Tsunami Of New Supply”: China Slumping Office Rental Market Faces Historic Crisis
“Tsunami Of New Supply”: China Slumping Office Rental Market Faces Historic Crisis Several years ago, a new, if slightly less ambitious, “Big short” trade emerged in US capital markets when several hedge funds – including Carl Icahn’s – took aim at US malls, shorting various CMBS tranches or stocks outright, in anticipation of the continued […]
Ron Paul: How We Can Stop The Coming War With Russia
Ron Paul: How We Can Stop The Coming War With Russia Authored by Ron Paul via The Ron Paul Institute, Twenty years ago this spring the US government was finally successful in lying us into war with Iraq. Administration after administration had sanctioned and bombed and even invaded the country, but finally 20 years ago […]
Central Bank Digital Currencies Would Bring Hyperinflation
Central Bank Digital Currencies Would Bring Hyperinflation Authored by Daniel Lacalle, There are many excuses often used to explain inflation. However, the fact is that there is no such thing as “cost push inflation” or “commodity inflation.” Inflation is not an increase in prices, it is the destruction of the purchasing power of the currency. Cost-push […]
US Says Russian Athletes Should Compete Under Neutral Flag At Olympics, Resists Ban
US Says Russian Athletes Should Compete Under Neutral Flag At Olympics, Resists Ban Amid calls from Ukrainian officials to ban all Russian and Belarusian athletes from the upcoming Paris 2024 Olympic summer games, the White House has issued a statement saying it agrees with the International Olympic Committee (IOC) policy of allowing the two countries to compete […]
Nasdaq Soars To Best Start Since 1975 After Jay & Jobs Outperform
Nasdaq Soars To Best Start Since 1975 After Jay & Jobs Outperform This week saw the biggest spike in macro surprise data since June 2020 (thanks to a ridiculous outlier payrolls print and a shocking surprise surge in ISM Services)… Source: Bloomberg And today’s “good” news sparked an aggressively hawkish response in STIRs with the […]
Tesla Price Cuts Signal Growing Margin Malaise
Tesla Price Cuts Signal Growing Margin Malaise By Jan-Patrick Barnert and Sagarika Jaisinghani, Bloomberg Markets Live reporters and strategists Tesla Inc.’s move to slash prices across the US and major European markets has triggered similar cuts across the electric-vehicle sector — with Ford Motor Co. being the latest to follow suit today [ZH: as we said would happen] If other […]
Rio Tinto Loses Radioactive Capsule During Transport In Western Australia
Rio Tinto Loses Radioactive Capsule During Transport In Western Australia Mining giant Rio Tinto somehow lost a radioactive capsule containing Caesium-137 during transport along a 1,400-kilometer (870-mile) stretch of highway in Western Australia, reported Bloomberg. “We are taking this incident very seriously … and recognize this is clearly very concerning and are sorry for the alarm […]
DeSantis Eyes Ban On China-Based Entities From Purchasing Florida Property
DeSantis Eyes Ban On China-Based Entities From Purchasing Florida Property Authored by Andrew Thornebrooke via The Epoch Times (emphasis ours), Florida Gov. Ron DeSantis is mulling a move to ban Chinese entities from purchasing property in the state due to the economic and security risks posed by China’s communist regime. “If you look at the […]
Why We Shouldn’t Underestimate China’s Petro-Yuan Ambitions
Why We Shouldn’t Underestimate China’s Petro-Yuan Ambitions Authored by Alex Kimani via OilPrice.com, Credit Suisse’s Zoltan Pozsar: the de-dollarization of the global oil industry is in full swing–even if we can’t see the final end game from here. Some 40% of proven oil reserves belonging to OPEC+ members is owned by Russia, Iran and Venezuela–all of […]
“Effective Altruism”: Could SBF’s Parents Be The Key To A Plea?
“Effective Altruism”: Could SBF’s Parents Be The Key To A Plea? Authored by Jonathan Turley, Below is my column in the New York Post on the potential liability of the parents of Sam Bankman-Fried. It is not uncommon for federal prosecutors to go after family members to induce a plea by a defendant. In this […]
The Greatest Risk Next Year Is That The Fed Gets Its Way
The Greatest Risk Next Year Is That The Fed Gets Its Way Authored by Simon White, Bloomberg macro strategist, The market’s view for next year is now pretty consistent: inflation will keep falling at its current pace; the Fed will exercise a relatively large pivot later next year and into 2024; the economy will avoid […]