Key Events This Week: Retail Sales And FOMC Minutes
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
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
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’
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
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
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
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
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.” […]
Not So Fast With The CPI Celebrations: Rents Are Surging Again And Back To Record Highs
Not So Fast With The CPI Celebrations: Rents Are Surging Again And Back To Record Highs Last week’s CPI report was surprisingly dovish because, as we have discussed extensively in the past two years, rent inflation – which is the biggest variable in the CPI’s biggest category (shelter) – has turned, and is now decelerating […]
The Crucial Message For Investors From The Capital Cycle
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 […]
Macleod: Beware The Great Unwind
Macleod: Beware The Great Unwind Authored by Alasdair Macleod via Goldmoney.com, This chart strongly suggests that US Treasury bond yields, widely regarded as the risk-free yardstick against which all other credit is measured are going significantly higher, not stabilising close to current levels before going lower as commonly believed. I conclude that US Treasury bond […]
Ukrainians Begin To Despair As Bloody Counteroffensive Yields Small Gains
Ukrainians Begin To Despair As Bloody Counteroffensive Yields Small Gains Authored by Kyle Anzalone via The Libertarian Institute, According to the Washington Post, many citizens of Ukraine are adopting a darker mood about the war with Russia, and national unity is beginning to fray. The change in sentiment comes as Kiev’s spring counteroffensive fails to retake […]
Life In 2033: Monetary Apartheid
Life In 2033: Monetary Apartheid Authored by Mark Jeftovic via BombThrower.com, In the future, it’ll be a lot more expensive to be free. Roger and Reggie were identical twin brothers, born in Merrickville, Ontario around 1980. They both had normal school trajectories, even sharing an apartment through college – Roger taking computer programming and Reggie […]
Which World Region Has The Most Gamers?
Which World Region Has The Most Gamers? About 3.4 billion people worldwide have at least played one video game in the past six months, according to Newzoo’s most recent edition of its Global Games Market Report. As Statista’s Florian Zandt shows in the chart below, based on data from the market research firm specializing in […]
Pro-refugee NGO Founder Calls For AfD To Be Banned And Its Leaders Jailed
Pro-refugee NGO Founder Calls For AfD To Be Banned And Its Leaders Jailed Authored by Thomas Brooke via Remix News, The right-wing Alternative for Germany (AfD) should be outlawed and its leadership imprisoned in order to deprive millions of Germans of the chance to vote for the party, the founder of a German refugee rescue […]
Future Headline: Oakland Police Advise Residents To “Appear As Poor As Possible”
Future Headline: Oakland Police Advise Residents To “Appear As Poor As Possible” Authored by Simon Black via SovereignMan.com, In a world full of unimaginable absurdity, we spend a lot of time thinking about the future… and to where all of this insanity leads. “Future Headline Friday” is our satirical take of where the world is […]
Downtown San Fran Office Tower Sells At 66% Off As CRE Crisis Claims Another Victim
Downtown San Fran Office Tower Sells At 66% Off As CRE Crisis Claims Another Victim Understanding the backdrop of the crime-ridden progressive metro area of San Francisco, alongside the mass exodus of businesses and residents, and the record-high vacancy rate of office towers, we asked a very important question earlier this summer: What are office buildings worth? We quickly found out in […]
Judge Lets Starbucks Keep Its Race-Based Hiring Quotas
Judge Lets Starbucks Keep Its Race-Based Hiring Quotas Authored by Tom Ozimek via The Epoch Times, A judge in Washington state has ruled against a conservative group that sued Starbucks over the coffee chain’s race-based hiring practices that allegedly “flagrantly” violate various state and federal laws. Chief U.S. District Judge Stanley Bastian on Friday ruled […]
Exposing The Mirage Of “Equal Pay” In Sports
Exposing The Mirage Of “Equal Pay” In Sports Ryan McMaken joins Bob to discuss the recent US Women’s World Cup elimination, and to dispel the myth that markets are discriminatory. “The connection between fame, talent, and earnings applies to both sports and other fields like economics.” After defending Megan Rapinoe’s failed penalty kick, they dismantle her […]
Arizona Gov. Katie Hobbs Secretly Sought The Censorship Of Political Critics
Arizona Gov. Katie Hobbs Secretly Sought The Censorship Of Political Critics Authored by Jonathan Turley, Various new sites are now reporting that Arizona Gov. Katie Hobbs (D) is the latest politician who has sought blatant censorship of political critics by social media companies. Shortly before the 2020 election (when many of us were writing about the expanding […]
‘The World Has Moved Too Far To The Left’, Warns Sex Pistols’ Johnny Rotten
‘The World Has Moved Too Far To The Left’, Warns Sex Pistols’ Johnny Rotten Authored by Thomas Brooke via Remix News, The forefather of punk slammed liberals for advocating mass immigration and destroying working-class values in favor of “fashionable elitism”… The world has moved too far to the left and the liberal politics endorsed by […]
Who Is Delivering Tanks To Ukraine?
Who Is Delivering Tanks To Ukraine? News broke this week that Germany had acquired 50 Leopard 1 tanks from a Belgian company, of which around 30 will shortly be refitted for use by the Ukrainian military, bolstering Western-made tank capabilities for the nation. The Netherlands and Denmark in April pledged 14 more Leopard 2 tanks to be delivered in early […]
‘Scientist’ Wants To Catch An Asteroid And Block Out The Sun With It…
‘Scientist’ Wants To Catch An Asteroid And Block Out The Sun With It… Authored by Steve Watson via Summit News, The latest demented idea being pushed to stop the world ending from climate armageddon is to catch an asteroid, put an umbrella on it and use it to block out the Sun. What could possibly […]
NATO Member Poland Now Says 10,000 More Troops To Bolster Belarus Border
NATO Member Poland Now Says 10,000 More Troops To Bolster Belarus Border Poland has been very vocal in denouncing Russia’s Wagner group setting up bases in neighboring Belarus, following the mutiny events of June 23-24 inside Russia. In the last several weeks, Warsaw has been bolstering its border defense force, also amid ultra-provocative Belarusian training […]
Ukraine Accuses Bacardi Of “War-Sponsoring” After Company Triples Its Profits In Russia
Ukraine Accuses Bacardi Of “War-Sponsoring” After Company Triples Its Profits In Russia Via Remix News, Ukraine has classified the spirits company Bacardi as an “international war sponsor” because it continues to operate in Russia. Data from the Russian Federal Tax Service recently showed that the company’s profits more than tripled in the country last year. The data […]
7 Things The New Sergeant Major Of The Army Can Do To Restore Trust In The Military
7 Things The New Sergeant Major Of The Army Can Do To Restore Trust In The Military Authored by Chase Spears via RealClearDefense.com, On Friday Michael Weimer became the 17th Sergeant Major of the Army. He assumed the role in a time of significant strain on the force due to turbulent political factors, a service […]
Flying Taxi Suffers “Significant Structural Damage” In Crash
Flying Taxi Suffers “Significant Structural Damage” In Crash Update: Bloomberg confirmed Vertical Aerospace’s electric vertical take-off and landing (eVTOL) aircraft crashed earlier this week, forcing the startup to suspend test flights until regulators complete an investigation. * * * There is a big push to get electric vertical take-off and landing (eVTOL) aircraft off the ground as […]
US Diesel Prices Surge Anticipating A Soft Landing
US Diesel Prices Surge Anticipating A Soft Landing By John Kemp, Reuters Senior Market Analyst Prices for diesel and other distillate fuel oils have surged as expectations for a soft landing and an improving economic outlook in the United States threaten to deplete already low inventories even further. Futures prices for ultra-low sulphur diesel delivered […]
Sam Bankman-Fried Heads Back To Jail After Bail Revoked
Sam Bankman-Fried Heads Back To Jail After Bail Revoked FTX Founder Sam Bankman-Fried is headed back to jail after the judge in the case revoked his bail over alleged witness intimidation, after he showed a journalist from the NY Times private writings from his ex-girlfriend and business partner, Caroline Ellison, and used a VPN in […]
Visualizing Market Volatility And Investor Emotions
Visualizing Market Volatility And Investor Emotions The Fear & Greed Index, created and popularized by CNN, is a powerful tool that captures investor sentiment and confidence levels. It rises when markets are greedy and falls when investors are fearful. In this infographic sponsored by Fidelity Investments, Visual Capitalist’s Rida Khan and Alejandra Dander compare the Fear […]