In what appears to be a major breakthrough, UK police say they have recovered a container they believe was used to carry the novichok poison which has left one woman dead and four others critically ill. The FT reports that in a statement on Friday afternoon the Metropolitan Police’s counter terror command said it had […]
Having warned last week that “stock markets are crazy” as they rally in the face of an escalating trade war… Markets are crazy to ignore the risks and consequences of a #tradewar. This rally in #stocks is the last hurrah! Investors should sell now, speculators may do better in August. — Scott Minerd (@ScottMinerd) July […]
Authored by Michael Kern via Crypto Insider, There’s never a day that passes without some otherwise intelligent economist making radical claims about bitcoin. It’s all been said before. “It has no intrinsic value,” “it’s used by criminals,” “it will be regulated,” “it will fall to $0.” And media outlets are happy to share these opinions, […]
Update II: The Russian ruble reversed its earlier gains following the announcement. Rosenstein has finally stepped to the podium and is rapidly reading off details about the indictments. Notably, one of the officials named in the indictments is charged not only with hacking of the DNC and the Democratic Congressional Campaign Committee but also with […]
Moments ago the Fed released its semi-annual Monetary Policy Report which forms the basis of Janet Yellen’s testimony to Congress next week, and while it does not traditionally discuss monetary policy it does provide a snapshot of the Fed’s take of the economy and capital markets at any given moment. Here are some of the […]
Click On Picture To See Larger Picture The Brexit that May is signing off on is not what the people want. The US will not be able to trade with the UK if this is done. The Deficit has exploded and the interest payment on the debt is continually rising. The tax receipts flowing into […]
Authored by Tsvetana Paraskova via OilPrice.com, Booming crude oil and natural gas production in the Permian Basin and not enough pipeline takeaway capacity have widened the discounts at which oil and natural gas pumped in the most prolific U.S. shale basin are trading relative to the U.S. benchmarks. Midstream operators have planned and continue to […]
BTFTWD!!! Mission Accomplished… But while the S&P tops its pre-tariffs levels, it’s the Nasdaq that is soaring… So what happens next? http://WarMachines.com
While Peter Strzok’s marathon Congressional testimony was full of bickering, chaos and drama – mostly between members of the House Judiciary and Oversight committees – a clip of the disgraced FBI agent’s seemingly giddy reaction after answering a question is creeping people out. Completely real. I personally recorded it from my tv. I was so shocked when […]
Authored by Jeffrey Snider via Alhambra Investment Partners, At some point, the boom had to have boomed. We are moving into the past tense for all this now, inflation hysteria almost certainly tucked away into the economic ledger alongside four other false dawns. Data is coming in for June 2018, meaning half of this year […]
After hope fell in June, preliminary University of Michigan sentiment data for July showed a drop in ‘current expectations’ which sent the headline lower, from 98.2 to 97.1, well below expectations – its lowest since Jan 2018. Inflation expectations (short- and medium-term) fell in July. Annual increases of 3.0% in home prices over the next […]
In one of the livelier presidential press conferences in recent memory, President Trump slammed the media after reporters refused to stop asking questions about his interview with the Sun (in which the president repeatedly criticized Prime Minister May’s “soft” approach to Brexit, warning it would kill the much anticipated US-UK bilateral trade deal). In one […]
One week after BofA CIO Michael Hartnett stated that he had observed capitulation among a subset of equity investors, noting record outflows from Emerging Markets and an exodus from European stocks amid rising fears of a global trade war … … Hartnett notes that sentiment has shifted as if on a dime, and has resulted […]
One glance at Chinese bond and stock markets makes it clear that ‘The National Team’ needs help… As China cracks down on the leverage in the shadow banking system (last night’s data shows a massive ongoing collapse in that credit source)… And faces trade wars with US (occurring as China’s trade surplus hits a record […]
Authored by Patrick Buchanan via Buchanan.org, Of President Donald Trump’s explosion at Angela Merkel’s Germany during the NATO summit, it needs to be said: It is long past time we raised our voices. America pays more for NATO, an alliance created 69 years ago to defend Europe, than do the Europeans. And as Europe free-rides […]