China Prepares Its “Nuclear Option” In Trade War

By Simon Watkins As the trade war with the U.S. continues to escalate, China has re-engaged with Iran on three key projects and is weighing the use of what both Washington and Beijing term the ‘nuclear option’, a senior oil and gas industry source who works closely with Iran’s Petroleum Ministry told OilPrice.com last week. For the first of … Read more

Welcome to the ‘risk-off’ phase of the cycle: For stocks, ‘buying the dip’ is now likely to be a ‘losing proposition,’ says UBS

via MarketWatch: “Buy the dip” has been a rewarding strategy for much of this long-running bull market in the past decade, but there’s something investors need to know. “A world where leading indicators are accelerating is generally one where a correction in equities is an opportunity for investors and ‘buying the dip” gets rewarded. In … Read more

Financial Success Formula Failure

By Patrick Watson The US economy grew at a 2.1% annualized pace in the second quarter, according to data released last week. That was better than economists expected but hardly impressive. Even President Trump recognized this, tweeting the growth rate was “not bad considering we have the very heavy weight of the Federal Reserve anchor wrapped around our … Read more

DECOUPLING: The Trade War Hits China Where It Hurts.

via WSJ: The Chinese Communist Party’s policies created tremendous economic imbalances, saddled China with debt, and bred suspicion and disillusionment among trading partners. Even before 2016, many observers believed China was headed toward stagnation. It’s against this context that the Trump trade policy has put such pressure on Beijing. The first wave of U.S. trade … Read more

IMPORTANT MUST READ :SENATE OVER STEP Senate Dems deliver stunning warning to Supreme Court: ‘Heal’ or face restructuring

Several high-profile Senate Democrats warned the Supreme Court in pointed terms this week that it could face a fundamental restructuring if justices do not take steps to “heal” the court in the near future. The ominous and unusual warning was delivered as part of a brief filed Monday in a case related to a New … Read more

Bulletproof backpacks are now available in N.J. stores

Christopher Wagner laid out a simple scenario. “Imagine sitting around the dining room table before the first day of school and going over supplies,” he said. “Green is for math, red is for social studies, yellow is for grammar. And then saying, ‘This is a bullet-resistant backpack.’ I can’t fathom having a conversation with my … Read more

McAfee: They Are Taking Us For Fools. Or Frightened Sheep – Afraid To Speak Out Or Take Action In The Face Of A Frightening Truth

It does not matter who is president. It is the system that is broken. A car with a frozen steering wheel cares little about who is driving. It is continuing in the same direction irrespective. My only goal is to wake up the passengers. — John McAfee (@officialmcafee) August 12, 2019 They are taking us … Read more

TRUMP: Chinese Government is moving troops to the Border with Hong Kong

Our Intelligence has informed us that the Chinese Government is moving troops to the Border with Hong Kong. Everyone should be calm and safe! — Donald J. Trump (@realDonaldTrump) August 13, 2019 COURT ISSUES INJUNCTION TO REMOVE HONG KONG PROTESTERS: SCMP Crackdown begins? — zerohedge (@zerohedge) August 13, 2019 "All passengers please leave the airport … Read more

ROBERT VERBRUGGEN: Joe Biden Is Wrong. There Is No Compelling Evidence That Assault-Weapon Bans Work.

via nationalreview: After the [assault-style weapons] ban was allowed to expire, experts were more or less unanimous that it hadn’t had a strong effect on overall homicides. Certainly there were fewer of the banned items in circulation than otherwise would have been the case, but the law’s definition of “assault weapon” focused on features that don’t … Read more

My liver is indebted to the DNC if they can get these debates back down to one night each.

WINNOWING: Candidates scramble to qualify for third debate as deadline nears. Nine candidates have already qualified for the fall debates and two others are getting close, an analysis of fundraising and polling data by The Hill found. But for the other 13, the prospects appear increasingly dim. None have met the 130,000-donor benchmark set by the … Read more

Gavin Newsom Can No Longer Sit Back And Allow The Red State Menace To Sap And Impurify All Of California’s Precious Bodily Fluids

The Trump Obsession Comes for California’s Water. Tomorrow, the Golden State’s Democrat-run, veto-proof legislature returns from its summer break and is expected to quickly take up S.B. 1, the “California Environmental, Public Health, and Workers Defense Act of 2019.” It has been proposed for one reason: Donald Trump is president. Under his administration, long-standing EPA regulations … Read more

After failing to frame President Trump with fake Russia BS, anonymous FBI agents now resort to gaslighting legitimate speculation

Meanwhile the same Stalwart Media and FBI lament the “hyped-up political climate” THEY continue to fan in the hopes they can save the establishment crooks one more time. If the FBI and DOJ stop lighting political arson fires, and stop their media gaslighting, perhaps responsible persons can put the fires out. The FBI can start … Read more

RUSSIA had A SKYFALL INCIDENT

The United States is learning much from the failed missile explosion in Russia. We have similar, though more advanced, technology. The Russian “Skyfall” explosion has people worried about the air around the facility, and far beyond. Not good! — Donald J. Trump (@realDonaldTrump) August 12, 2019 U.S. Officials Suspect New Nuclear Missile in Explosion That … Read more

Inflation Data Shows Tariffs Are Not a Tax on Consumers but on Foreign & US Corporations

Wolf Richter wolfstreet.com, http://www.amazon.com/author/wolfrichter Inflation runs hot in housing, medical services, health insurance, other items that are not imported. The consumer price inflation data released today by the Bureau of Labor Statistics, which corroborates prior inflation data, says that, yes, prices are rising, but they’re rising sharply in services that are not impacted by imports and … Read more