Supreme Court Tosses Case Over Biden Coercion Of Social Media
Supreme Court Tosses Case Over Biden Coercion Of Social Media The Supreme Court on Wednesday tossed a case claiming that the Biden administration unlawfully coerced social media companies into removing content and banning users based on political views. In a 6-3 decision, the Court found that the plaintiffs did not have standing to sue – […]
US New Home Sales Crashed In May
US New Home Sales Crashed In May US new home sales were expected to dip 0.2% MoM in May… but they didn’t… New home sales crashed 11.3% MoM (after April’s 4.7% drop was revised up to a 2.0% MoM rise). That is the biggest MoM drop since Sept 2022… Source: Bloomberg This is the biggest […]
National Debt Set to Surge as Fed Maintains High Interest Rates
The Federal Reserve’s efforts to combat inflation by maintaining higher interest rates are exacerbating the national debt. Although inflation has decreased since the Fed raised rates to a two-decade high, officials remain concerned about the pace of price increases. Higher interest rates mean the federal government must borrow money at greater costs, contributing to rising […]
S&P 500 Could Halve as Market Bubble Bursts, Warns Top Strategist
Paul Dietrich, chief investment strategist at B. Riley Wealth Management, warns that the S&P 500 could plummet by 48% when the current stock-market bubble bursts and a recession hits. He attributes this potential crash to an overvalued market, persistent inflation, high interest rates, and rising taxes. Dietrich compares the current hype around AI to the […]
Yen Tumbles To 1986 Lows After Japanese ‘Currency Chief’ Comments; Gold, Oil, & Bonds Dump
Yen Tumbles To 1986 Lows After Japanese ‘Currency Chief’ Comments; Gold, Oil, & Bonds Dump The market is testing Japanese officials… and so far it’s winning… Reaffirming its constant stance of jawboning over actual intervention, Vice Finance Minister Masato Kanda said late Wednesday that the government is watching the yen with a high level of urgency as […]
Nobel Economists Unite: Trump's Policies Could Trigger Inflation Surge
Sixteen Nobel Prize-winning economists have issued a warning about the potential economic consequences of a second Trump presidency. In a letter obtained by Axios, they argue that Trump’s proposed policies, including new tariffs on imports and Chinese goods, could reignite inflation and harm the global economy. The economists collectively endorse Joe Biden’s economic agenda as […]
US dollar's dominance secure, BRICS see no progress on de-dollarization -report By Reuters
A new study by the Atlantic Council’s GeoEconomics Center reveals that the U.S. dollar remains the world’s dominant reserve currency, with neither the euro nor BRICS countries making significant progress in reducing global reliance on the dollar. The “Dollar Dominance Monitor” highlights the dollar’s continued supremacy in foreign reserve holdings, trade invoicing, and currency transactions. […]
The 'Cash Trap': High Interest Rates Lure Investors, but for How Long?
Americans have been increasingly investing in cash-like assets, such as Treasury bills and money-market funds, due to high interest rates. However, as the Federal Reserve is expected to cut rates, investors face a dilemma: continue holding cash with diminishing returns or redistribute their funds into other investments. This decision is challenging and depends on individual […]
China’s 10-Year Yield Down to Lowest Since 2002 on Growth Worry
China’s 10-year government bond yield has fallen to its lowest level since 2002, reaching 2.22%, as investors seek safe-haven assets amid concerns about the country’s economic growth. This trend reflects ongoing economic challenges, expectations for further stimulus measures, and ample liquidity in the banking system due to weak loan demand. The bond rally persists despite […]
You Can’t Taper A Ponzi Scheme
You Can’t Taper A Ponzi Scheme Authored by Nick Giambruno via InternationalMan.com, “You can’t taper a Ponzi scheme.” Financial commentator and Bitcoin pioneer Max Keiser originally said these simple yet profound words. A Ponzi scheme is an unsustainable scam that relies on a continuous influx of new money to keep it going. The scheme collapses […]