If Wall Street was counting AI capex expense at the same rate as they are counting the capex revenue, then earnings would be negative.

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The reason why S&P 500 earnings estimates keep going up is because for the first time in history, capex expense is now being counted as revenue in Wall Street's forward earnings estimates. If Wall Street was counting AI capex expense at the same rate as they are counting the… pic.twitter.com/vj9JKqJzDe — Mac10 (@SuburbanDrone) August 14, … Read more

Bank of America predicts U.S. national debt to hit $50 trillion in just 3 years. Interest on debt now running at $1.5 trillion per year.

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In the coming days the U.S. national debt is set to breach $40 trillion for the first time. Soberingly, Bank of America’s chief equity strategist, Michael Hartnett. predicts that the next milestone, $50 trillion, will be reached in July 2029. These worrying landmarks reinforce a market perception that fixed-income investments are losing bets, a sentiment … Read more

LOWEST NUMBER OF U.S. HOMEBUYERS EVER RECORDED. YOU KNOW WHAT HAPPENS NEXT, RIGHT?

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This is a really disturbing trend. People have basically given up on buying a home or they can’t qualify to buy one. The only thing that reverses this trend is lower prices because rates aren’t dropping anytime soon. pic.twitter.com/ui48i3wKCp — QE Infinity (@StealthQE4) August 15, 2026 No way to spin this as good. https://t.co/8JoOef0de6 — … Read more

Tim Dillon: “They’re building a web of surveillance unlike anything that has ever existed.”

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“And if you don’t think this will be used on you … you’re crazy.” “Flock cameras.” “Facial recognition.” “Biometric eye scans.” “Everything you type into Google.” “All your text messages.” “Every email.” “Every phone call.” “Your physical location with your phone camera.” “This is all being done, and by the way, at a breakneck pace.” … Read more

Iran defiant on strait as Trump tells Americans to accept high gasoline prices

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DUBAI/CAIRO/GARDEN CITY, New York, Aug 15 (Reuters) – Iran called on the U.S. to accept defeat on Saturday, while President Donald Trump blasted Tehran as “very evil” and told Americans to prepare for continued high fuel prices as a result of the war. Progress towards peace talks and oil tanker traffic through ‌the strategic Strait … Read more

Strategic Petroleum Reserve salt domes may collapse

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The caverns that hold the U.S. strategic oil reserves could get damaged by the rapid release of stockpiles in response to the Iran war, experts warned this week as inventories hit a four-decade low. Damage to the caverns would make it more difficult to respond to future energy emergencies, the experts said. The oil in … Read more

Shoppers’ payments declined due to ‘global’ Mastercard outage

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Card payments have been declined for shoppers around Australia due to a Mastercard system update, the multinational card provider says. “A scheduled system update caused Mastercard transactions to be declined for a period of time earlier today. The situation has been resolved and all systems are working as normal,” Mastercard told the ABC in a … Read more

Young people today are getting royally screwed

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I’m pushing 70+ years on this rock, and I’ve never seen an economy so horrible for young people in all that time. The insane money printing, mass illegal immigration and useless foreign foreign wars that the miserable, goddamned politicians and bankers have fomented has destroyed any chance at a decent life for most people under … Read more

Texas teacher breaks down in tears during class after his senior students struggled to read, write

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A Texas high school teacher was reduced to tears and broke down in front of his class when he realized the seniors he was teaching couldn’t complete a writing exercise. https://www.msn.com/en-us/news/us/texas-teacher-breaks-down-in-tears-during-class-after-his-senior-students-struggled-to-read-write/ar-AA2a0dJJ?ocid=BingNewsSerp

29,628 pounds of beef triggered the USDA’s most serious recall. The problem wasn’t contamination

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The product bypassed a mandatory reinspection step required for all imported meat entering the U.S. A procedural gap in the supply chain has triggered a federal recall now reaching grocery shelves in two states. Nearly 30,000 pounds of raw beef products imported from South America have been recalled after skipping the reinspection required by federal … Read more

Trump says that “pretty soon” he’s going to declare the Strait of Hormuz “territory of the United States.”

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Trump says that “pretty soon” he’s going to declare the Strait of Hormuz “territory of the United States.” pic.twitter.com/G3wNlxXupn — Republicans against Trump (@RpsAgainstTrump) August 14, 2026 Trump: When you have to pay a little bit more for gas, you're at $4, it's okay. I'll never apologize. I did the right thing pic.twitter.com/9Kz9eqmLwp — FactPost … Read more

WNBA spends whole day on “woman” and still cannot say what it means

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ED MORRISSEY: Woke Will Eat Itself, Chapter MCLXII: WNBA Meets to Discover Definition of ‘Woman’, And … Ahem. It wasn’t Enes Kantor Freedom or Royce White who created this problem. Sophie Cunningham didn’t create it either; an ESPN reporter demanded Cunningham’s opinion on it while Cunningham was criticizing the league’s treatment of her teammate Caitlin Clark. Minnesota Lynx … Read more