US Approves $20BN In Weapons Sales To Israel As Wider War Looms
US Approves $20BN In Weapons Sales To Israel As Wider War Looms After already having given over $3 billion in annual foreign aid to America’s number one ally in the Middle East stretching back years, the State Department has approved a series of potential weapons sales to Israel worth over $20 billion. This is the […]
Transitioning From A Seller’s Market To A Buyer’s Market
Transitioning From A Seller’s Market To A Buyer’s Market By Stefan Koopman, Senior Macro Strategist at Rabobank Buyer’s Market US producer price inflation was soft in July. Both headline (0.1% m/m and 2.2% y/y) and core (0.0% m/m and 2.4% y/y) PPI inflation came in below expectations. Goods prices rose by 0.6% m/m, while services […]
Core Inflation Cools for Fourth Month, Bolstering Case for Fed Rate Cut
The latest U.S. inflation data shows a continued easing of price pressures, with the core Consumer Price Index (CPI) rising 3.2% year-over-year in July, marking the fourth consecutive month of deceleration. This trend supports the Federal Reserve’s potential decision to cut interest rates in September. However, shelter costs, which account for a significant portion of […]
WTI Extends Losses Despite Cushing Stocks Tumbling To 6-Month Lows
WTI Extends Losses Despite Cushing Stocks Tumbling To 6-Month Lows Oil prices are lower this morning – following bond yields, bitcoin and big-cap all lower post-CPI – erasing the small gains overnight following API’s reported big crude draw. “Macroeconomic eyes remain very much glued on the state of inflation in the United States this week. […]
ZeroHedge: Core Consumer Prices Hit New Record High – Up For 50th Straight Month
The latest Consumer Price Index (CPI) report shows a mixed picture of inflation in the United States. While headline CPI rose 0.2% month-over-month as expected, bringing the year-over-year rate down to 2.9%, core CPI (excluding food and energy) also increased by 0.2% month-over-month, with its annual rate slowing to 3.2%. Despite these modest improvements, core […]
From Treasuries to Gold: China's Shifting Reserve Strategy
China’s recent gold-buying spree, led by the People’s Bank of China (PBoC), has significantly impacted the global gold market, driving prices to record highs. This trend, which began in late 2022, is part of China’s broader strategy to diversify its reserves away from US dollars and hedge against economic uncertainties. The country’s central bank and […]
One Step Away From The Biggest Oil Shock In History
One Step Away From The Biggest Oil Shock In History Authored by Nick Giambruno via InternationalMan.com, The Strait of Hormuz is a narrow strip of water that links the Persian Gulf to the rest of the world. It’s the world’s single-most important energy corridor, and there’s no alternative route. Five of the world’s top 10 […]
Generic Brand Mucinex Found To Contain Cancer Causing Benzene
Generic Brand Mucinex Found To Contain Cancer Causing Benzene The cancer causing chemical benzene has been found in generic store-brand versions of Mucinex cold medicine, according to a new report by Bloomberg. While both the brand-name and generic versions contain the same active ingredient, guaifenesin, and have similar packaging, the key difference lies in the inactive […]
Salvini: “Will Opposing Illegal Immigration Be Declared A Thought-Crime Too?”
Salvini: “Will Opposing Illegal Immigration Be Declared A Thought-Crime Too?” Authored by Paul Joseph Watson via Modernity.news, Italy’s Deputy Prime Minister Matteo Salvini has spoken out on the dire state of free speech in the UK, asking how long it is before opposing illegal immigration becomes a thought crime too. In the aftermath of the […]
What’s Behind Belarus’ Military Buildup Along The Ukrainian Border?
What’s Behind Belarus’ Military Buildup Along The Ukrainian Border? Authored by Andrew Korybko via substack, Belarus announced late last week that it shot down several Ukrainian drones over its airspace, which it later discovered were full of NATO electronics, and subsequently decided to strengthen defenses along its southern border. It’s also considering shutting down the Ukrainian Embassy in Minsk too. This follows […]