US Housing Starts & Building Permits Plunge To COVID Lockdown Lows
US Housing Starts & Building Permits Plunge To COVID Lockdown Lows Despite ugly consumer confidence and soaring mortgage rates, analysts expected a small rebound in housing starts and building permits in May (after April’s disappointing misses). They were wrong… again… as both Starts and Permits plunged MoM (-5.5% MoM and -3.8% MoM respectively)… Source: Bloomberg […]
Bank of England Keeps Rates Unchanged In “Dovish Hold”, August Rate Cut On Deck
Bank of England Keeps Rates Unchanged In “Dovish Hold”, August Rate Cut On Deck Unlike the SNB, which unexpectedly cut rates earlier this morning (full breakdown coming shortly), the Bank of England did not surprise markets and kept rates on hold at a 16 year high of 5.25%, even as it hinted that more policymakers may […]
US Stocks At All-Time High, Nasdaq Futures Gains For 8th Day After SNB Unexpectedly Cuts Rate
US Stocks At All-Time High, Nasdaq Futures Gains For 8th Day After SNB Unexpectedly Cuts Rate After hitting the beach during yesterday’s blistering Juneteenth holiday, the “buy everything” algos are back and bigger than ever, pushing futures to a fresh all time high with tech leading – as always – and small-caps lagging after the […]
All Of The World’s Trillion-Dollar Companies In One Chart
All Of The World’s Trillion-Dollar Companies In One Chart Chipmaker Nvidia is now the world’s most valuable company, which means its time for an update to our frequent “trillion-dollar club” post. In this graphic, Visual Capitalist’s Marcus Lu visualized the market capitalizations of the world’s trillion-dollar companies, as of June 18, 2024. Included for additional context is […]
Canada Is America’s Least Helpful Ally
Canada Is America’s Least Helpful Ally Authored by Julian Spencer-Churchill via RealClearDefense, Canada’s defense minister Bill Blair has declared, by strangely including future spending on its arctic surveillance network, that “I believe it brings us inevitably to over 2 per cent of defence spending.” This is an old Canadian trick of appealing to American anxieties […]
Watch: Gavin Newsom’s Oakland, California Transformed Into Warzone On Juneteenth
Watch: Gavin Newsom’s Oakland, California Transformed Into Warzone On Juneteenth Dramatic footage has surfaced on X showing a Juneteenth celebration in Oakland, California, which was transformed into a warzone in the overnight hours. What appears to be gang-on-gang violence sparked an insane shootout on city streets. In a state governed by radical leftist Gavin Newsom, where common sense law […]
Moving-Crews Train To Become Heroes In The War On Human-Trafficking
Moving-Crews Train To Become Heroes In The War On Human-Trafficking Authored by Maggie Miller via RealClearPolicy, “What if it were your child?” You’ve heard it before. What if it were your kid who got chosen last on the playground or who was bullied? But when asked in the context of human trafficking, this question takes […]
China’s Copper Exports Jump To Record On ‘Export Arbitrage’
China’s Copper Exports Jump To Record On ‘Export Arbitrage’ Until the Chinese government introduces more robust stimulus packages to counter soft economic data and exporters in the world’s second-largest economy ease up on flooding global markets with copper, prices of the base metal—crucial for power lines and AI data centers—are expected to remain under pressure. The latest customs data […]
MSM Very Belatedly Reports On Ukraine’s Brutal Military Recruitment Methods
MSM Very Belatedly Reports On Ukraine’s Brutal Military Recruitment Methods A mere year ago, there was already ample evidence that Ukrainian recruitment officers were using brutal and desperate tactics to ensure a steady supply of young soldiers for the front lines in the fight against Russia. This is a trend which has only grown, as […]
Nasrallah Says ‘No Place’ Safe, Even Threatens Cyprus, If Israel Invades Lebanon
Nasrallah Says ‘No Place’ Safe, Even Threatens Cyprus, If Israel Invades Lebanon Amid widespread reports and statements that Israel and Hezbollah are on the brink of full-scale war, the Shia paramilitary group’s leader Hassan Nasrallah has warned of a war “without rules or ceilings” if Israeli forces launch an offensive in Lebanon. The words were […]