Analyzing The Strategic Importance Of Russia’s Reportedly Planned Afghan Oil Hub
Analyzing The Strategic Importance Of Russia’s Reportedly Planned Afghan Oil Hub Authored by Andrew Korybko via Substack, Continued maritime exports to the Indian Ocean Region across the Baltic, Black, and Mediterranean Seas might be deemed strategically undependable due to tensions with the West, hence the need to pioneer a more reliable alternative. Afghanistan’s acting Industry […]
Schiff Vs. Hanke: Who’s To Blame For Inflation?
Schiff Vs. Hanke: Who’s To Blame For Inflation? Via Schiff Gold, Last week, Peter debated Steve Hanke, professor of economics at Johns Hopkins University, on inflation, the debt crisis, and the future of the dollar. David Lin hosted the debate on The David Lin Report and provided moderation for the event. While Peter and Hanke have their disagreements, both ultimately agree that the United […]
Futures Rise, Commodities Soar After Iran’s President Dies In Helicopter Crash
Futures Rise, Commodities Soar After Iran’s President Dies In Helicopter Crash Futures are higher across the board as investors shift their focus from macro to micro, following a rollercoaster week that saw stocks slide then reverse higher after a soggy CPI and retail sales print, to close at an all time high and the Dow […]
Judge In Trump Case Says She’s Concerned With Special Counsel Jack Smith
Judge In Trump Case Says She’s Concerned With Special Counsel Jack Smith Authored by Zachary Stieber via The Epoch Times, The federal judge overseeing one of the criminal cases against former President Donald Trump on May 19 expressed concern and disappointment with special counsel Jack Smith. U.S. District Judge Aileen Cannon, an appointee of President […]
Key Events This Quiet Week: Nvidia Earnings, FOMC Minutes, And Tons Of Fed Speakers
Key Events This Quiet Week: Nvidia Earnings, FOMC Minutes, And Tons Of Fed Speakers After last week’s non-stop rollercoaster, it will be a quieter week ahead for global macro with perhaps the most interesting event of the week being Nvidia’s earnings on Wednesday. The company always reports a couple of weeks after the main stretch […]
Fearing AI ‘Take Over’, ‘Godfather Of AI’ Advises UK Govt To Start UBI
Fearing AI ‘Take Over’, ‘Godfather Of AI’ Advises UK Govt To Start UBI Authored by Tristan Greene via CoinTelegraph.com, Geoffrey Hinton, a world-renowned artificial intelligence (AI) expert often referred to as the “Godfather of AI,” recently consulted with members of the United Kingdom’s government at Downing Street, where he advised lawmakers to consider adopting a […]
Graduates At All-Black Morehouse College Turn Back On Biden During Commencement Speech, Refuse To Applaud
Graduates At All-Black Morehouse College Turn Back On Biden During Commencement Speech, Refuse To Applaud Authored by Mike Shedlock via MishTalk.com, Hoot of the day: The Democratic Republic of the Congo flag was behind Biden for the duration of his speech. The Wall Street Journal reports Biden Renews Call for Gaza Cease-Fire at Morehouse Commencement “I […]
Gold Surges to New High Amid Rising Haven Demand
Gold surged to a record high of $2,450.07 an ounce, driven by rising expectations that the Federal Reserve will cut interest rates this year and by increasing geopolitical tensions in the Middle East. The recent decline in the US dollar and lower Treasury yields, following better-than-expected inflation data, also supported the precious metal’s rise.
Apple Cuts iPhone 15 Prices In China By 20% As Demand Wanes
Apple Cuts iPhone 15 Prices In China By 20% As Demand Wanes Apple is offering steep iPhone discounts on several major e-commerce websites in mainland China to boost demand amid declining market share and waning interest as domestic brands make a strong comeback. The South China Morning Post reports that the top-of-the-line 256-gigabyte iPhone 15 Pro Max […]
Fed's Barr: Disappointing Inflation Data Delays Rate Cuts
Fed Vice Chair Michael Barr expressed disappointment with the inflation data for early 2024, indicating that the central bank lacks sufficient evidence to ease monetary policy. He emphasized the need for more time under current restrictive policies to achieve the Fed’s 2% inflation target. The Personal Consumption Expenditures price index, the Fed’s preferred inflation measure, […]