Macron Caves To Rioters, Postpones Voting Reform In Nickel-Rich New Caledonia
Macron Caves To Rioters, Postpones Voting Reform In Nickel-Rich New Caledonia In the face of more than a week of rioting sparked by a controversial proposal to expand the voting rolls in the French territory of New Caledonia, French President Emmanuel Macron is waving a surrender flag. The deadly upheaval was sparked when France advanced […]
Competing Forces On Rent, Where Do We Put 8 Million Illegal Immigrants?
Competing Forces On Rent, Where Do We Put 8 Million Illegal Immigrants? Authored by Mike Shedlock via MIshTalk.com, Millions of immigrants keep pouring in. New residential construction has stalled and multi-family construction is in decline. Completions are rising, but is that enough housing? More Than 8M Migrants Will Soon Be Living in the US Axios […]
Durable Goods Orders Suffer Yet Another Downward Revision
Durable Goods Orders Suffer Yet Another Downward Revision Following yesterday’s ‘good’ news from PMIs, this morning we get ‘hard’ data confirming that ‘good’ news with preliminary April Durable Goods orders surging 0.7% MoM (vs -0.8% MoM expected). However, as is the way with Bidenomics, March’s +2.6% MoM surge in orders was revised down to a […]
The Risk Of Recession Isn’t Zero
The Risk Of Recession Isn’t Zero Authored by Lance Roberts via RealInvestmentAdvice.com, As we discussed recently, Wall Street economists increasingly believe the risk of recession has fallen sharply. To wit: “Economists don’t think the economy will get even close to a recession. In January, they, on average, forecast sub-1% growth in each of the first three quarters of […]
Futures Rebound After Thursday Rout As Rate Cut Expectations Fade
Futures Rebound After Thursday Rout As Rate Cut Expectations Fade After Thursday’s rout, which saw the overbought S&P first hit an all time high before traders suddenly dumped everything (following hotter than expected PMI and Initial claims reports has further delayed expectations for the Fed’s first rate hike ostensibly to December) to buy Nvidia, whose […]
SpaceX Reportedly Plans “Liquidity Round” For Insiders At $200 Billion Valuation
SpaceX Reportedly Plans “Liquidity Round” For Insiders At $200 Billion Valuation Elon Musk’s SpaceX is reportedly discussing with investors and insiders to sell existing shares, potentially valuing the company at nearly $200 billion. SpaceX leads the world in rocket launches as the space race lifts off, and its Starlink subsidiary dominates the market for space-based […]
Many Americans Say They Will Never Retire
Many Americans Say They Will Never Retire Via AntoniusAquinas.com, A recent AARP poll provides further evidence of the deterioration of American living standards, especially for those approaching retirement age. The study contradicts what most policy makers have believed to be a “soft landing” for the economy after two years of rampant inflation. “More than one […]
Watch: US Deploys Anti-Air Defense System On Gaza Aid Pier
Watch: US Deploys Anti-Air Defense System On Gaza Aid Pier Israeli media has reported that two American soldiers were injured Thursday in an accident which occurred while working on the Gaza humanitarian pier. “Two U.S. soldiers sustained light injuries on Thursday during a work accident near the temporary floating pier in Gaza,” i24 News said. There […]
Loose Talk About The End Of Everything: VDH
Loose Talk About The End Of Everything: VDH Authored by Victor Davis Hanson via American Greatness, After a recent summit between new partners China and Russia, General Secretary Xi Jinping and Russian Federation President Vladimir Putin issued an odd one-sentence communique: “There can be no winners in a nuclear war and it should never be […]
The Start Of De-Dollarization: China’s Move Away From The USD
The Start Of De-Dollarization: China’s Move Away From The USD Since 2010, the majority of China’s cross-border payments, like those of many countries, had been settled in U.S. dollars (USD). As of the first quarter of 2023, that’s no longer the case. As Visual Capitalist’s Julian Wendling shows in the grrahic below, from the Hinrich Foundation, […]