Europe markets dip on econ data, Afghanistan crisis

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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

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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

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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]

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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

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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

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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…

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🌍 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.

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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

Shutoff of the World’s Supplies

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Our global supply chains are grinding to a halt because they are overloaded and at the breaking point, which is strange since a huge percent of businesses went under in the last 18 months, but demand for everything across the world is at all time highs. There seems to be a disconnect. At least Bitcoin … Read more

#BIDENFLATION Biden’s Spending Could Result In ‘Perpetual’ Price Increases… 21% Boost In Food Stamps Due To Inflation

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The $3.5 Trillion Budget Plan Could Make Inflation a Perpetual Problem Just as the breakneck pace of inflation seemed to be slowing, U.S. lawmakers took steps that could ensure it’s the reprieve itself that is transitory. It was almost easy to miss the $3.5 trillion budget resolution passed by the Senate at around 4 a.m. … Read more