Jeffrey Christian: No Significant Shift Away from the US Dollar
Commodities expert Jeffrey Christian dismissed the notion of de-dollarization as a “myth,” asserting that there is no significant shift away from the US dollar despite increased rhetoric from countries like Russia and China. Christian emphasized that the fear of the dollar being displaced as the dominant global currency is unfounded, labeling the idea as a […]
Existing Home Sales Unexpectedly Tumble As Homebuyer Confidence Hits Record Low
Existing Home Sales Unexpectedly Tumble As Homebuyer Confidence Hits Record Low After (unexpectedly) tumbling in March, existing home sales were expected to rise modestly (+0.8% MoM) in April. Analysts were wrong as March’s data was revised marginally up from -4.3% MoM to -3.7% MoM and April printed -1.9% MoM (a big miss). That left existing […]
“Vindictive Prosecution”: Judge To Hear Motions To Dismiss In Trump Documents Case
“Vindictive Prosecution”: Judge To Hear Motions To Dismiss In Trump Documents Case Authored by Jacob Burg and Janice Hisle via The Epoch Times (emphasis ours), After the prosecution and defense rested their cases in former President Donald Trump’s trial in Manhattan, his attorneys and those of co-defendant Walt Nauta will appear in southeast Florida on […]
WTI Rallies After Crude Inventory Build, Another Large SPR Addition
WTI Rallies After Crude Inventory Build, Another Large SPR Addition Oil prices edges lower again this morning (for the third straight day) after API reported crude and gasoline builds overnight in the US, and on the other side of the Atlantic, Genscape data showed expanded inventories in Europe’s oil trading hub. Additionally, Bloomberg reports that signs of […]
Global Bond Market On Verge Of Selloff As Commodities Reawaken
Global Bond Market On Verge Of Selloff As Commodities Reawaken Authored by Simon White, Bloomberg macro strategist, Aggregate bond indices are up in most countries on an annual basis. But the broadening commodity rally threatens to feed into global inflation and kickstart another bond selloff. A year ago almost all aggregate (corporate + government) bond […]
Russia Blasts As ‘Fake News’ Fresh Pentagon Charge Of Anti-Satellite Weapon In Space
Russia Blasts As ‘Fake News’ Fresh Pentagon Charge Of Anti-Satellite Weapon In Space At a moment nuclear tensions are soaring due to Russia launching tactical nuclear military drills in its southern district near Ukraine this week, Washington and Moscow are trading barbs over allegations of banned weapons in space. Kremlin spokesman Dmitry Peskov asserted on […]
“Inflation Creates An Illusion Of Wealth” – Peter Schiff Blasts Biden’s Brags About Raising Taxes
“Inflation Creates An Illusion Of Wealth” – Peter Schiff Blasts Biden’s Brags About Raising Taxes Via SchiffGold.com, This week Peter’s back to discuss new economic data, Powell’s recent remarks in the Netherlands, and the Biden administration’s new tariffs. More and more signs point to economic stagflation, but Biden, Powell, and their cronies continue to deflect […]
Outraged Israel Recalls Ambassadors From Spain, Norway, & Ireland Over Recognition Of Palestinian State
Outraged Israel Recalls Ambassadors From Spain, Norway, & Ireland Over Recognition Of Palestinian State The decades-long cause to push toward establishing a state of Palestine has just gotten a big boost out of Europe, as the countries of Norway, Ireland, and Spain announced Wednesday that they would recognize a Palestinian state. They are the latest […]
UK PM Sunak To Announce ‘Snap’ General Election On July 4th
UK PM Sunak To Announce ‘Snap’ General Election On July 4th With polls suggesting a heavy defeat, UK Prime Minister Rishi Sunak has announced a snap general election will take place on July 4th. The PM is set to name the early summer polling date in a Downing Street statement imminently, according to widespread reports […]
DHS Admits Border Has Been Open To Criminals And Terrorists
DHS Admits Border Has Been Open To Criminals And Terrorists Authored by James Breslo via The Epoch Times, The Biden administration’s experiment with a relatively open southern border has been shocking in the sheer number of people who have come across in just over three years, estimated to be about ten million. But the most […]