VDH: Bidengate & The Doom Loop
VDH: Bidengate & The Doom Loop Authored by Victor Davis Hanson via American Greatness, The entire 2019-20 Biden candidacy and subsequent presidency were predicated on a rotten Faustian bargain. A hale Joe Biden would feign his aw-shucks, Joe from Scranton schtick. And an ossified working-class Joe’s camouflage would get the hard left elected – especially […]
Stocks & Bonds Sluggish In Post-Holiday Hangover; Black Gold, Bitcoin, & Bullion Battered
Stocks & Bonds Sluggish In Post-Holiday Hangover; Black Gold, Bitcoin, & Bullion Battered After a long-ish July 4th weekend, some liquidity returned today but activity levels were relatively flat compared to the last two weeks. Goldman’s trading desk noted they were tilted slightly better to buy: LOs are +6% better to buy with demand for […]
Americans Are Poorer – The US Misery Index Rises Again
Americans Are Poorer – The US Misery Index Rises Again Authored by Daniel Lacalle, I frequently receive comments about the strength of the United States economy and the unfairness of perceiving things as less than stellar. Is it really the “strongest economy ever”? It’s evident that it’s far from being the “strongest economy ever.” The United […]
Credit Card Debt Unexpectedly Surges As Card APR Hits New All-Time HIgh
Credit Card Debt Unexpectedly Surges As Card APR Hits New All-Time HIgh One month after we recorded the first decline in revolving credit (i.e., credit card debt), since the covid crisis, the expectation was for continued consumer retrenching and more credit card paydowns at a time of record high APRs. However, it is far easier […]
Equity Rally and Profit-Taking Lead to 1% Drop in Gold Prices
Gold prices dropped over 1% on Monday due to increased risk appetite in the equity markets and profit-taking by investors following a sharp rally. Spot gold fell to $2,357.88 per ounce, while U.S. gold futures settled at $2,363.50. The decline comes after gold reached its highest level since May 22 on Friday, driven by expectations […]
Hurricane Beryl Shutters Texas Coastal Shipping Lanes
Hurricane Beryl Shutters Texas Coastal Shipping Lanes By Noi Mahoney of FreightWaves Texas ports along the Gulf Coast closed operations and vessel traffic before Hurricane Beryl made landfall in southeast Texas at 4:30 a.m. Monday CDT as a Category 1 storm packing 94 mph winds, heavy rainfall and the potential for life-threatening storm surges. Ports […]
Four Venezuelan Migrants Choked, Robbed Man On Chicago Train In February, Newly Released Video Shows
Four Venezuelan Migrants Choked, Robbed Man On Chicago Train In February, Newly Released Video Shows A group of Venezuelan migrants allegedly attacked and robbed a 49-year-old man on a train in Chicago this past February, newly released video from Fox News appears to show. Video from a Chicago Transit Authority (CTA) train shows two suspects […]
Gov. Pritzker Tells CNN That Jobs Are Coming Back To Illinois… Which Is A Lie
Gov. Pritzker Tells CNN That Jobs Are Coming Back To Illinois… Which Is A Lie Authored by Ted Dabrowski and Nick Binotti via Wirepoints.org, Gov. J.B. Pritzker told America last week on a CNN interview that President Biden has “…done a lot to revive American manufacturing. In my state, you know, we’ve seen jobs and companies coming back […]
‘Barbaric’: Russia Accused Of Attacking Children’s Hospital On Eve Of NATO Summit In D.C.
‘Barbaric’: Russia Accused Of Attacking Children’s Hospital On Eve Of NATO Summit In D.C. The war in Ukraine continues on a downward spiral, taking another grim and tragic turn, amid widespread allegations that Russian forces destroyed a children’s hospital in Kiev amid a bigger barrage of missiles which hit several sites on Monday. UN officials […]
Disconnect Between Valuations And Economic Reality “Couldn’t Be More Apparent”
Disconnect Between Valuations And Economic Reality “Couldn’t Be More Apparent” Submitted by QTR’s Fringe Finance Heading into the third quarter of 2024, I can’t say the market has done exactly what I predicted it would at the beginning of the year. However, I will say that the risks I pointed out and the themes I […]