Key Events This Week: Retail Sales And FOMC Minutes

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Key Events This Week: Retail Sales And FOMC Minutes With the mid-summer sun rising, things turn much quieter across markets although there are still enough events to keep traders on their toes and within Wifi coverage at their favorite vacation spot. As DB’s Peter Sidorov writes, in terms of events this week, we will get […]

Soviet-Era MiG 23 Fighter Jet Crashes At Michigan Air Show, Hits Apartment Building Complex

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Soviet-Era MiG 23 Fighter Jet Crashes At Michigan Air Show, Hits Apartment Building Complex A privately owned Mikoyan-Gurevich MiG-23 (NATO reporting name: “Flogger”) third-generation jet fighter crashed on Sunday afternoon at Thunder Over Michigan Air Show at Willow Run Airport in Ypsilanti, Michigan.  Video of the crash shows the Soviet aircraft, built between 1967-85, experiencing what appears […]

The European Energy Crisis May Be Back Soon

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The European Energy Crisis May Be Back Soon Authored by Daniel Lacalle, European natural gas prices soared almost 40 percent on the risk of a global liquefied natural gas shortage. European wholesale power prices remain below the record highs of the energy crisis but have steadily climbed as the volatility in the international commodity spectrum underscores […]

Is Anyone Surprised? Left-Wing Media Doesn’t Like ‘Rich Men North Of Richmond’

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Is Anyone Surprised? Left-Wing Media Doesn’t Like ‘Rich Men North Of Richmond’ Leftists across America have been triggered.  That’s probably not going to come as a shock to anyone, but the establishment media and woke social media response to Oliver Anthony’s gritty coal country ballad ‘Rich Men North Of Richmond’ is less than enthusiastic.  Much […]

Bond Market Carnage Sends Mortgage Rates Soaring Towards 23-Year Highs

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Bond Market Carnage Sends Mortgage Rates Soaring Towards 23-Year Highs Authored by Mike Shedlock via Mish Talk, US Treasury yields rose last week despite a relatively tame CPI report. Mortgage rates rose as well. What’s going on? 30-year mortgage chart courtesy of Mortgage News Daily, annotations by Mish 30-Year Mortgage Chart Notes On Friday, August […]

Futures Eke Out Tiny Gains In Muted Session As China Troubles Mount

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Futures Eke Out Tiny Gains In Muted Session As China Troubles Mount Futures have reversed earlier losses and are trading higher amid speculation (what else) for Chinese stimulus to address mounting financial and real estate risks, with European markets mixed and Asia slumping on the latest barrage of bad news out of China which however […]

US Steel Soars 28% After Rejecting Cleveland-Cliffs Offer, To Explore Strategic Alternatives

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US Steel Soars 28% After Rejecting Cleveland-Cliffs Offer, To Explore Strategic Alternatives United States Steel Corporation, one of the most iconic American steelmakers, rejected a takeover bid from rival Cleveland-Cliffs Inc. that would have formed one of the world’s largest steelmakers. On Sunday, US Steel announced the process to assess its alternatives after receiving multiple approaches for […]

Iphone Maker Foxconn Slashes Full-Year Sales Outlook On Sliding Smartphone Demand

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Iphone Maker Foxconn Slashes Full-Year Sales Outlook On Sliding Smartphone Demand Taiwan’s Foxconn, the world’s largest contract electronics maker, downgraded its full-year outlook on Monday morning:  “However, considering many external variables, in response to uncertainties such as global monetary tightening, geopolitical tensions, and inflation, the full-year outlook is now expected to slightly decline, from previous flattish expectations.”  […]

The Crucial Message For Investors From The Capital Cycle

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The Crucial Message For Investors From The Capital Cycle Authored by Jesse Felder via thefelderreport.com, The long-term nature of the capital cycle means that major investment themes typically last a decade or longer. Recent trends in capital spending suggest a major transition is now underway. ‘The prior decade and a half was mainly about intellectual/technical […]

“Your Injections Are Killing Our Young People” – Pfizer, Moderna Reps Slammed During Heated Aussie Senate Hearing

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“Your Injections Are Killing Our Young People” – Pfizer, Moderna Reps Slammed During Heated Aussie Senate Hearing Authored by Debra Heine via American Greatness, Sparks flew during a contentious public hearing in the Australian Parliament earlier this week as Representatives from Pfizer and Moderna gave unsatisfactory answers to multiple lawmakers’ questions. The Australian Senate’s ‘Education […]

Desperate SF Grocery Stores Turn To High Tech Upgrade To Combat Theft

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Desperate SF Grocery Stores Turn To High Tech Upgrade To Combat Theft Authored by Bryan Chai via The Western Journal, As crime continues to soar, businesses and stores are resorting to increasingly restrictive measures to mitigate that destructive spillage. Whereas many businesses have already adopted some sort of a receipt checkout before leaving the store’s […]

Mental Health Round-Ups: The Next Phase Of The Government’s War On Thought-Crimes

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Mental Health Round-Ups: The Next Phase Of The Government’s War On Thought-Crimes Authored by John & Nisha Whitehead via The Rutherford Institute, “There are no dangerous thoughts; thinking itself is a dangerous activity.” – Hannah Arendt Get ready for the next phase of the government’s war on thought crimes: mental health round-ups and involuntary detentions. Under […]

Toxic Wildfire Smoke Blankets Ten States As Independence Day Weekend Begins

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Toxic Wildfire Smoke Blankets Ten States As Independence Day Weekend Begins As the Fourth of July weekend approaches, tens of millions of Americans are heading off today to either sandy beaches or resort communities in the mountains. Some folks are staying home or traveling short distances because ‘Bidenomics’ has miserably failed and bankrupted mid/low-tier households […]

China Steps Up Game With First “Floating Oil Factory”

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China Steps Up Game With First “Floating Oil Factory” By Alex Kimani of Oilprice.com China has delivered its first smart floating production storage and offloading (FPSO) with land-sea integrated operation system, marking a breakthrough in the country’s application of the digital twin technology. The offshore oil and gas FPSO with a storage capacity of 100,000 tons is […]

Shell To Raise Dividend By 15% As It Doubles Down On Oil And Gas

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Shell To Raise Dividend By 15% As It Doubles Down On Oil And Gas By Tsvetana Paraskova of OilPrice.com Shell plans to raise its dividend by 15%, effective from the second quarter 2023 interim dividend, as the UK-based oil and gas supermajor pledged on Wednesday to grow its gas business and extend its position in […]

27 Kids Missing In Last Two Weeks – What The Hell Is Happening In Cleveland?

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27 Kids Missing In Last Two Weeks – What The Hell Is Happening In Cleveland? In the span of just two weeks, nearly 30 children have vanished in Cleveland, sparking huge concern from a local police chief who said he hasn’t seen anything like this in his 33-year career. Newburgh Heights police chief John Majoy told reporters […]

Canadian Oil And Gas Producers Restart Production As Wildfires Abate

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Canadian Oil And Gas Producers Restart Production As Wildfires Abate By Michael Kern of Oilprice.com Canadian oil and gas producer Crescent Point Energy Corp on Monday said it had brought back online full production volumes at its operations in the Kaybob Duvernay play that were shut in due to the wildfires in Alberta in the […]

Shellenberger: Why Trans Activists Attack Women

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Shellenberger: Why Trans Activists Attack Women Authored by Michael Shellenberger, Leighton Woodhouse, and Madeleine Rowley via ‘PUBLIC’ Substack, Beware false claims of “genocide”… Trans activists (left) incited violence against women’s right’s activist Kellie-Jay Keen (center), who was assaulted just minutes later at a New Zealand “Let Women Speak” event last month. Organizers of the “Trans […]

Texas Is Bitcoin Country, With Or Without The US

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Texas Is Bitcoin Country, With Or Without The US Authored by James Collins via BitcoinMagazine.com, A historically-independent state, Texas’ ongoing embrace of Bitcoin makes it an innovative leader, with or without the rest of the US… “We encourage it, we advance it. But I would say we provide the platform… for those involved in Bitcoin […]

CDC Research Team Members Fell Ill Studying Toxic Ohio Derailment, Agency Confirms

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CDC Research Team Members Fell Ill Studying Toxic Ohio Derailment, Agency Confirms Authored by Samantha Flom via The Epoch Times (emphasis ours), Nearly half of a government team investigating the potential health effects of a toxic train derailment in East Palestine, Ohio, fell ill while conducting their research, according to the Centers for Disease Control […]

Sliding Confidence: Majority Of Americans Question The Value Of College

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Sliding Confidence: Majority Of Americans Question The Value Of College A new Wall Street Journal-NORC poll reveals that a majority of Americans believe a college degree isn’t worth the cost and time. Sliding confidence in the higher education system indicates that the American Dream can be achieved without a college degree. This is an ominous sign for […]

Yellen Pulls Rug Out From Powell’s Dovish Promises: Gold Gains As Banks Bust

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Yellen Pulls Rug Out From Powell’s Dovish Promises: Gold Gains As Banks Bust Tl; dr: “Damn it, Janet!” Nothing sums up the ‘trapped’ Fed better than today’s price action… GME soaring: a legacy of record QE and helicopter money PACW crashing: a legacy of the fastest rate-hikes since Volcker Fed Chair Powell hiked rates by […]

Tesla Competitor Funds Super Bowl Ad Calling For NHTSA To Ban FSD

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Tesla Competitor Funds Super Bowl Ad Calling For NHTSA To Ban FSD Dan O’Dowd, a self-described billionaire and founder of Green Hills Software, a privately-owned company that makes software such as automated driving systems, has spent several million dollars to fund a Super Bowl video advertisement against Tesla’s Full Self-Driving (FSD) Beta.  The 30-second video shows […]

Why People Move From Blue States: It’s Not Just High Taxes

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Why People Move From Blue States: It’s Not Just High Taxes Authored by Charles Hugh Smith via OfTwoMinds blog, Simply put, people are moving not just to escape unaffordable housing and high taxes. They’re moving to escape fiscally irresponsible, ineffective, unaccountable governance. Defenders of high state taxes like to point out that surveys find few […]