US Homebuilder Confidence Drops To 13-Month Low As Building Material Prices Increase 19.4% Over Past Year

by

by confoundedinterest17 The NAHB Homebuilder confidence index dropped to a 13 month low as building materials rise by 19.4% YoY. Of course, then we have the University of Michigan conditions for buying a home crashing as well. Rising home prices and rising construction material costs? Yikes. Of course, the NAHB had this to say: “Our expectation … Read more

They told me if I voted for Donald Trump, our allies would lose all confidence in our staying power — and they were right!

by

WELL, IT SHOULD: Afghanistan takeover sparks concern from NATO allies. The US withdrawal and rapid deterioration of the security situation in Afghanistan has prompted criticism among some NATO alliance members. Senior politicians in NATO countries that supported the US-led operation in Afghanistan expressed concern about the speed with which the fall of the capital occurred, as dramatic … Read more

China threatens Taiwan with ‘immediate war’ amid reports US has 30,000 troops in region as Beijing starts drills

by

https://youtu.be/5nIiWYMzewM CHINA has threatened Taiwan with “immediate war” after it was falsely reported that the US has 30,000 troops in the region. Chinese warships, anti-submarine aircrafts and fighter jets were dispatched for military drills close to the island nation following alleged “external interference and provocations”. https://www.the-sun.com/news/3490311/china-immediate-war-taiwan-us-troops/ https://www.express.co.uk/news/world/1477990/china-news-taiwan-john-cornyn-US-troops-1979-immediately-launch-war-world-war-3 ALERT: China’s military will destroy US troops if … Read more

You’ve gotta be kidding me…

by

Not to excuse America’s stupidity here, but The Afghan security forces who, despite massively outnumbering the Taliban, having years of training and sophisticated American weapons/resources/helicopters/etc took off their uniforms and surrendered within minutes to the Taliban… — Ali A. Rizvi 🇨🇦 (@aliamjadrizvi) August 15, 2021 …you want to see ultimately has to come from the … Read more

Europe markets dip on econ data, Afghanistan crisis

by

The pan-European Stoxx 600 closed higher Tuesday, but gains were capped as traders digested a slew of fresh economic data. Investors also monitored the potential geopolitical implications following the Taliban’s seizure of Kabul, the capital city of Afghanistan. BHP climbed 3.4% after announcing plans to leave London’s blue-chip FTSE 100 index and make Australia its … Read more

Are You Not Entertained? Uncle Biden Talks Afghanistan Withdrawal to American People, Says Mission was a Success

by

by Chris Black Uncle Joe’s speech from last night was pretty based. We must celebrate this speech, as we’re watching the collapse of the evil empire in real time: He correctly said that the US spending 20 years in Afghanistan cannot be defended anymore (no more resources maybe?), as we’re not nation builders, and Al … Read more

Senate Democrats to Investigate Afghan Surrender Debacle

by

by Chris Black It looks like the DEMs are not happy with Uncle Joe’s withdrawal from Afghanistan.  Yahoo! News: Senate Democrats on Monday promised they would investigate how and why the U.S. military departure from Afghanistan was bungled, even as most people in President Biden’s party said they supported his decision to pull American troops … Read more

Bloody Taliban Terrorists Taking Over Afghanistan [VIDEO]

by

by Chris Black This is extremely funny to me, I don’t know why: NEW 🚨 Taliban with weapons taking a helicopter ride reportedly over Herat, Afghanistan pic.twitter.com/oZM8k17WkM — Insider Paper (@TheInsiderPaper) August 16, 2021 I could watch these clips for weeks. The Taliban are living the life bois: https://twitter.com/NewsForAllUK/status/1427545007536361472 https://twitter.com/NewsForAllUK/status/1427367923132346368 The Taliban be like "Esselworld … Read more

The New Monetary System Will Fail Too

by

By Egon von Greyerz As most of the western world doubles down on easy money policies, one nation stands out and moves ahead with raising rates: Russia. This follows a pattern of a massive shift in power and dichotomization from west to east that can be seen both in finance and geopolitics. Even as the IMF calls … Read more

Oil industry sues Biden administration over ‘unprecedented’ leasing freeze

by

American Petroleum Institute leads 11 energy associations The American Petroleum Institute and other major energy trade groups filed a lawsuit Monday against what they called the Interior Department’s “unprecedented” freeze on new oil and gas leasing on public lands. No drilling auctions have been held since President Biden issued his Jan. 27 executive order, a … Read more

Perhaps an interesting trio of charts for asset allocators…

by

🌍 Perhaps an interesting trio of charts for asset allocators… pic.twitter.com/PY4lnwPslJ — Mikael Sarwe (@MikaelSarwe) August 17, 2021 Macro expectations vs. equity allocation 👇 Draw your own conclusion. Ht @MikaelSarwe (BofA) pic.twitter.com/5muXG046y5 — Michael A. Arouet (@MichaelAArouet) August 17, 2021 #China's Ningbo container port remains partially closed, congestion at other major China ports is increasing. … Read more

President Biden’s daily job approval % will be down again today – to a new historic low.

by

Good Morning ! President Biden's daily job approval % will be down again today – to a new historic low. Trends – https://t.co/IpMwcO6S1a — Rasmussen Reports (@Rasmussen_Poll) August 17, 2021 Interesting Unscientific Twitter Poll Results. We ran these nationally last night & will run again tonight. Stay tuned for #Science tomorrow. pic.twitter.com/omq0TQ39kT — Rasmussen Reports … Read more