Breaking news, updates, and reports on current events.
by Michael Snyder Why are top officials in both the United States and Russia suddenly being pulled into emergency meetings? At this moment rumors are flying all over the Internet, and we have very little solid information about what is really going on. In this article I will share what we know so far, but … Read more
by DCG From AP: California’s new ammunition background check law began Monday not with a bang but with a whimper from dealers who reported delays and glitches with the state’s online system. But they said few customers were affected because most had stockpiled bullets or shotgun shells in the weeks before the new law took effect. Voters in … Read more
by Ryan McKaken via Mises On Monday, CNN reported on how, in spite of all the talk about job growth in recent years, wealth accumulation and incomes have been significantly and negatively impacted for many groups in the United States. Much of what the article explored has been emphasized ever since the Great Recession started. The impact on younger earners, … Read more
by Matt from Silver Fortune via Silver Fortune Trump continues to attack Powell, doing publicly what presidents no doubt have done privately in the past – politicizing the Fed.
by Shaun Richards This morning eyes turned to a land down under to see what the Reserve Bank of Australia would do. It will have been no great surprise to regular readers as this hit the newswires. At its meeting today, the Board decided to lower the cash rate by 25 basis points to 1.00 … Read more
by Martin Armstrong COMMENT: Marty, the winter of 2018 has been the coldest ever. We lost so many heads of cattle here in Montana, I have never seen it this bad in my lifetime. These people preaching global warming belog in prison. JH REPLY: The federal Livestock Indemnity Program paid out $11.1 million for the loss of 37,352 cattle … Read more
By Tsvetana Paraskova The world’s fourth-largest oilfield services provider, Weatherford International, said that it had started a financial restructuring by filing for Chapter 11 bankruptcy protection in the U.S. in a bid to reduce its long-term debt of more than US$7 billion. Weatherford also expects to file for bankruptcy protection in Ireland and Bermuda in the coming … Read more
By Rystad Energy Natural gas prices in Europe have plummeted thanks to a rising gas export war between Russia and the US, much to the delight of European consumers. European natural gas prices are at a historical low and below the cost of shipping gas from the US to Europe. In May, prices remained just … Read more
By The Phoenix Yesterday’s market action was a MAJOR wake up call. Stocks erupted 1.5% higher on announcements that the US/ China reached some form of a trade deal… However, the rally barely lasted, giving up most of its gains by mid-day. It was only through a desperate end of the session manipulation (red box … Read more
By The Phoenix Yesterday’s market action was a MAJOR wake up call. Stocks erupted 1.5% higher on announcements that the US/ China reached some form of a trade deal… However, the rally barely lasted, giving up most of its gains by mid-day. It was only through a desperate end of the session manipulation (red box … Read more
Japan produces about 90% of fluorinated polyimide and about 70% of etching gas worldwide, Japanese media have said. It produces around 90% of photoresists, according to a government report Looks like they are using the same tactic that trump is using against China lmfao. https://www.reuters.com/article/us-southkorea-japan-laborers-factbox/factbox-the-high-tech-materials-at-the-heart-of-a-japan-south-korea-row-idUSKCN1TX12I h/t WallStreetMeme
The short interest has gone from 53% of market volume to only 25% (as of two weeks ago, likely lower now). Imo the short squeeze is over unless $BYND taps into $180-185. To be either short OR long on this company right now is completely speculative. When the market isn’t pricing a security correctly … Read more
via coindesk: After issuing comments and reports heavily critical of cryptocurrencies over the last few years, Agustin Carstens, chief of the Bank for International Settlements (BIS), has acknowledged that central banks will likely soon need to issue their own digital currencies. Speaking to the Financial Times on Sunday, Carstens said that BIS – which acts like a central bank for … Read more
h/t birkswithsocks
By: Frank E. Holmes, Chairman/CEO/CIO of U.S. Global Investors, Inc., Strengths The best performing metal for the week was platinum, which gained 3.02 percent. Both platinum and palladium seem to be playing catch up to gold’s strong move last week. Gold extended its rally this week, pushing past $1,400 an ounce and fueling investors to … Read more
via mises: A softer increase in the personal consumption price index (PCEPI) adjusted for food and energy has likely prompted Fed policy makers to hint about a cut in the policy interest rate in the months ahead. The yearly growth of the PCEPI adjusted for food and energy, or the core PCEPI stood at 1.6% in … Read more
by SP Found an article by James Wesley Rawles at The SurvivalBlog.com addressing the question of which is best for the Post-SHTF world, a Remote Rural Retreat versus a Small Town. — Quoting JWR Dear Jim: I found an interesting article that argues against a remote, rural retreat for an urbanite. He reasons: 1. local kids with time on their hands … Read more
ZH reports: Vice President Mike Pence has been called back to the White House on Tuesday because of an undisclosed “emergency,” NBC 10 Boston reports. Pence had been scheduled to land in Manchester, NH, to give a talk at the Granite Recovery Center in Salem, NH on the opioid crisis. But around 11:25 am today (Tuesday, July … Read more
by Martin Armstrong The Global Warming conspiracy is going to seriously harm the European economy. The political intolerance for the combustion engine has German engine suppliers in a crisis. It appears that there is certainly no more money being invested in any technology to do with the combustion engine. That also means that the unemployment … Read more
Their milkshakes should bring the cops to their yard.