German Politicians Fingered In Chinese “Cash For Permits” Corruption Scandal
German Politicians Fingered In Chinese “Cash For Permits” Corruption Scandal By Thomas Brooke, of Rmx.news The main suspect in an ongoing fraud investigation in Germany has incriminated several local politicians from the mainstream parties in the town of Düren, accusing key players in the district administration of taking bribes to approve bogus residence permits for […]
Farage’s Reform UK Party Overtakes Sunak’s Conservatives: Poll
Farage’s Reform UK Party Overtakes Sunak’s Conservatives: Poll Europe’s marked shift towards populism appears to be accelerating, as Nigel Farage’s Reform UK Party has surpassed Prime Minister Rishi Sunak’s Conservatives in an opinion poll for the first time, signaling a potential shift in the British political landscape as the nation approaches the July 4 general […]
US Worried Israel Is Rushing Into War With Hezbollah With No Clear Strategy
US Worried Israel Is Rushing Into War With Hezbollah With No Clear Strategy Authored by Dave DeCamp via AntiWar.com, The Biden administration is concerned that the violence on the Israel-Lebanon border could soon escalate into a full-blown war and that Israel is rushing into the conflict without a clear strategy, Axios reported this week. US officials told Axios that the […]
Eat More Pork Chops – A “Really Tasty Alternative” To Beeflation
Eat More Pork Chops – A “Really Tasty Alternative” To Beeflation Cash-strapped consumers are on the hunt for deals this summer. We highlighted in a note earlier Friday that Goldman analysts revealed that Walmart offers the best grocery deals among major brick-and-mortar supermarkets. Digging deeper, the discussion has now shifted to the meat aisle. Consumers are well […]
76 Percent Of Those Under Age 40 Would Consider A China-Model Car
76 Percent Of Those Under Age 40 Would Consider A China-Model Car Authored by Mike Shedlock via mishtalk.com, Would You Buy a China-Made Car? The Wall Street Journal reports 2024 Polestar 2: Built to Compete With Tesla Our guest this week is the facelifted Polestar 2, a chic if somewhat cramped premium compact crossover built […]
Navigating Uncertainty: The Case for Gold and Bitcoin
Investing in anti-fragile assets like gold and Bitcoin is becoming increasingly attractive as we face an era of rising inflation, economic volatility, and geopolitical unrest. Despite political uncertainties and potential tax increases in the UK, particularly affecting pensions and capital gains, gold and Bitcoin offer resilience. Experts from Ruffer and ByteTree highlight that after decades […]
Treasury Yields Drop as Inflation Data Bolsters Rate Cut Hopes
U.S. Treasury yields fell on Friday, reflecting easing inflation indicated by recent data. The 10-year Treasury yield dropped to around 4.225%, while the 2-year yield was slightly higher at 4.694%. This decline follows lower-than-expected producer price index (PPI) data, which showed a 0.2% decrease in May, and other indicators like high jobless claims and flat […]
Grant: Rates Are Going Much Higher. Is He Right?
Grant: Rates Are Going Much Higher. Is He Right? Authored by Lance Roberts via RealInvestmentAdvice.com, Recently, James Grant, editor of the Interest Rate Observer, was asked about his outlook for interest rates. He sees interest rates moving in a cyclical pattern, potentially rising for another multi-decade period. Grant bases his view on historical observations rather than a […]
Fed's Mester Awaits Further Inflation Drops Before Lowering Rates
Federal Reserve Bank of Cleveland President Loretta Mester finds the recent softer inflation data encouraging but wants to see a few more months of similar data before considering interest rate cuts. Mester emphasizes the need to observe declining inflation and short-run inflation expectations alongside labor market conditions before deciding on rate reductions. The Fed has […]
Thailand Pension Fund Bets on Gold and Commodities to Offset Weak Stocks
Thailand’s Government Pension Fund (GPF) anticipates gains from gold, commodities, and private equity to offset weak domestic stocks, expecting a portfolio return of over 3% in 2024, up from 1.5% in 2023. The fund has increased its holdings in these assets to hedge against inflation and geopolitical instability, while also expanding investments in overseas bonds, […]