Understanding Recession Indicators: Is the US Economy at Risk?
The possibility of a recession in the United States remains a concern, despite efforts by the Federal Reserve to stabilize the economy through increased interest rates. While there are no immediate signs of serious recession risk, concerns persist about consumer spending’s ability to sustain economic growth. Despite expectations of a soft landing with slow GDP […]
Bye, Then
Bye, Then By Stefan Koopman, Senior Macro Strategist of Rabobank In a move reminiscent of a failing bank, President Biden belatedly terminated his reelection bid over the weekend, succumbing to unrelenting pressure from Democrats who feared he was too frail to defeat Trump. But the campaign had effectively collapsed following the June 27 debate, when […]
Watch Live: Kamala Harris Delivers First Words Since Biden Leaving Race
Watch Live: Kamala Harris Delivers First Words Since Biden Leaving Race This should be good… Vice President Kamala Harris will speak publicly for the first time since President Biden decided not to seek re-election. She is delivering remarks at an event celebrating the National Collegiate Athletic Association (NCAA) championship teams from the 2023-2024 season. “…unburdened […]
The Impact Of Presidential Attacks & Assassinations On America
The Impact Of Presidential Attacks & Assassinations On America Submitted by Brent Johnson of Macro Alchemist In the labyrinth of American history, certain events have thrust an indelible blade into the fabric of our nation’s narrative, altering its course with a ferocity often underestimated in popular recountings. This report delves into the dark corridors of […]
Cash-Strapped Consumers Flock To McDonald’s On $5 Meal Deal
Cash-Strapped Consumers Flock To McDonald’s On $5 Meal Deal Let’s begin with our note from early May titled “McDonald’s Admits Consumers Are Broke With Planned Reintroduction Of $5 Meal Deal.” Four weeks after the meal deal began at most McDonald’s locations across the US, an internal memo obtained by Bloomberg reveals that it will be extended due to […]
Key Events This Week: Core PCE, GDP, And Lots Of Earnings
Key Events This Week: Core PCE, GDP, And Lots Of Earnings As we head into another week full of unknowns, DB’s Jim Reid notes this morning that one question that we don’t need to ask anymore is whether you think Joe Biden will be the Democratic Party nominee for President in November. On Friday speculation […]
Kamala’s Coronation As The De Facto Democrat Nominee Dispelled Illusions About Democracy
Kamala’s Coronation As The De Facto Democrat Nominee Dispelled Illusions About Democracy Authored by Andrew Korybko via substack, Biden’s X account shared a letter that he supposedly signed on Sunday announcing that he’s dropping his re-election campaign in favor of endorsing Kamala, which led to everyone from the Soroses to Hillary throwing their support behind her, with the notable exception […]
Zambia Sets Ambitious Target: 1 Million Tons of Copper by 2027
Zambia, Africa’s second-largest copper producer, aims to increase its annual copper production by over 40% to reach 1 million tons by 2027, according to the country’s Finance Ministry. This growth strategy is part of a larger plan to capitalize on the anticipated global copper supply shortage driven by increasing demand from the energy transition sector. […]
Jamie Dimon: Premature Rate Cuts Could Trigger Inflation Rebound
Jamie Dimon, CEO of JPMorgan Chase, has advised the Federal Reserve to hold off on cutting interest rates, expressing concerns that inflation could resurge. Dimon’s stance contrasts with the Fed’s current trajectory, which suggests a potential rate cut in September 2024. Dimon believes that while inflation has been decreasing, the risk of it rising again […]
Watch Live: Secret Service Boss Cheatle Faces House Grilling As DHS Forms Panel To Review Trump Shooting
Watch Live: Secret Service Boss Cheatle Faces House Grilling As DHS Forms Panel To Review Trump Shooting Watch Live (due to start at 10amET): In a move seemingly timed to ease the immediate pressure on Secret Service Director Kimberly Cheatle, Homeland Security Secretary Alejandro Mayorkas on Sunday night announced the formation of an independent review […]