Industrial War Machine Complex – Buy Bitcoin Defeat Corrupt Governments Everywhere!!

“Equity Markets Look Like They’re In Denial” – Trader Warns ‘Summer-Living Ain’t Gonna Be Easy’

If you watch the mainstream business media frequently enough during the day, you will be reminded, almost incessantly, that ‘stocks’ are at record highs, Amazon and Apple are fighting it out in the trillion-dollar-market-cap chase, and Netflix calls are safer than Treasuries. Trade wars are shrugged off, slumping economic data is ignored, and the flaccidity […]

BIS Blasts Cryptos In Special Report: “Beyond The Hype”

Authored by Mike Shedlock via MishTalk, The BIS blasts cryptos over scaling issues, energy, and trust. The BIS is correct. Cryptos are fatally flawed as money. A Bank of International Settlements (BIS) report examines cryptocurrencies in depth. The study, called “Looking Beyond the Hype” investigates whether cryptocurrencies could play any role as money. Bloomberg, Reuters, […]

Trump: “The People Of Germany Are Turning Against Their Leadership”

Moments after Angela Merkel received a 2-week ultimatum to resolve Germany’s increasingly contentious refugee issue which could culminate with Merkel resignation, Donald Trump decided to capitalize on Merkel’s misfortune, and in a tweet claimed that “the people of Germany are turning against their leadership as migration is rocking the already tenuous Berlin coalition. Crime in […]

Onward To Stock Market Nirvana… Or Not

Authored by Charles Hugh Smith via OfTwoMinds blog, Rising wedges tend to lead to declines, so ignore them. At long last, we have reached the Nirvana of consensus: the stock market is heading to new all-time highs. Even the perma-Bear camp seems to have accepted the inevitability of new all-time highs ahead: The FANG stocks are […]

“Can’t Work With That Woman Anymore”: Merkel Handed A Two-Week Ultimatum On Her “D-Day”

Adding insult to injury, one day after Germany’s historic loss to Mexico (which resulted in a man-made earthquake in USA’s southern neighbor), Europe’s most important country is facing the “Destiny Day” to a political crisis like no other in its recent history. For almost 13 years as chancellor, Handeslblatt writes this morning, Angela Merkel managed […]

Global Stocks, Futures Tumble On Trade War, Merkel Shock; Oil Volatile Ahead Of Meeting

Bulletin Headline Summary from RanSquawk: Oil rebounds on OPEC source reports mentioning an output hike of 300k-600k bpd (vs. 1.5mln bpd touted previously) The Dollar is mixed overall, but the index did revisit 95.000+ ytd peaks (around 95.150) Looking ahead, highlights include comments from Fed’s Dudley, Bostic and Williams, BoC’s Deputy Governor and ECB President […]

Trump Wants To Free America From “Fool Trade” And Flip The Tables On The EU

Authored by Andrew Korybko via Oriental Review, Trump promised to replace what he termed as “fool trade” with fair trade when it comes to America’s economic partnerships, especially those with NAFTA and the EU. Tweeting from Singapore after the failed G7 Summit in Canada, the President wrote that “Fair Trade is now to be called Fool Trade […]