Biblical: Dam in central China’s Henan province has collapsed by heavy rainfalls and flooding. Major dam at risk of collapse in Henan province!

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https://twitter.com/qingyanjiejie/status/1417480938351595520 #Floods in #Henan, China pic.twitter.com/EJgQdN6c4f — WoodmanK (@WoodmanK417) July 20, 2021 LATEST UPDATE: According to local media reports, Guojiaju dam in central China’s Henan province has been collapsed by severe flooding. “This came as central Henan’s capital Zhengzhou witnessed a rainstorm that broke all historic records, and the Guojiaju dam near the city collapsed … Read more

This is the kind of thing real Americans do…

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"You understand that, Mr. President?": @TomBrady and @POTUS joked about people not thinking they won during Buccaneers' #SuperBowl victory ceremony at the White House https://t.co/4bkDAhSXtI pic.twitter.com/xXs9Z7YQQd — 10 Tampa Bay News (@10TampaBay) July 20, 2021 President Biden: "We have to say the fans down in western Florida are having a pretty good year this year. I tell … Read more

Two years in a row, the bond market accurately priced in excessive financial risk far ahead of stocks.

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Two years in a row, the bond market accurately priced in excessive financial risk far ahead of stocks. Yet, today's gurus are "surprised", because they have no clue that's how markets are supposed to work. They're not supposed to keep going vertical until they explode. pic.twitter.com/xYoyxQ7i86 — Mac10 (@SuburbanDrone) July 20, 2021 At this rate … Read more

China leads the economic cycle: China data shows levelling off, but yields are catching up with prior slide … and there is a shortage of ‘safe’ assets

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Bond markets on track…yield drop about weak #China economy, not delta variant. See China 1-year yields and economic momentum index @johnauthers @rbrtrmstrng @gnoble79 @ttmygh @RealVision pic.twitter.com/KmtycfRfOy — CrossBorder Capital/ GLIndexes (@crossbordercap) July 20, 2021 china large cap ETF vs SPY china leads the economic cycle pic.twitter.com/OH71HpHFcF — Alessio (@AlessioTMAD) July 20, 2021 #china data shows … Read more

DeBlasio is boycotting Ben & Jerrys…

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“I can say I will not be eating anymore Cherry Garcia for a while,…BDS is a movement that will undermine peace in the Mid East. It’s as simple as that. You cannot have peace if you undermine the economic reality &create division. I just believe that’s absolutely the wrong…." pic.twitter.com/S7hXr2kbOC — Chaskel Bennett (@ChaskelBennett) July … Read more

DeSantis makes too much sense…

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Today, @GovRonDeSantis on the #BidenBorderCrisis and COVID: The federal government is restricting lawful commercial activity and travel for American citizens. “But if you just want to hopscotch across that border, they don't care about COVID, they're letting you straight in.” 🔥 pic.twitter.com/ravNiWKf27 — Christina Pushaw 🐊 🇺🇸 (@ChristinaPushaw) July 19, 2021

Don Surber… This smells like winning…

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he Louisiana Legislature will make history tomorrow by reconvening to override a Democrat governor’s veto. In the 47 years of the current state constitution, lawmakers have never come back after a regular session to override, AP reported. At issue is a law to make concealed carry unrestricted. If the veto is overridden, Louisiana would become the … Read more

China is buying up American farms… And pocketing billions in taxpayer subsidies…

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The push to drain China’s influence from the U.S. economy has reached America’s farm country, as congressional lawmakers from both parties are looking at measures to crack down on foreign purchases of prime agricultural real estate. House lawmakers recently advanced legislation to that effect, warning that China’s presence in the American food system poses a … Read more

Fear and Panic In Stock Market as Many Stocks Down 30%. Here Are the Biggest Losers

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Massive inflation is the proposal it seems with trillions more to be pumped into the economy. Food prices are rising significantly as we see the inflation at this time. More money, cash, debt, entering the system. There is an influx of capital going into the stock market from institutions, money managers, corporations, individual retail investors, … Read more

Nancy Pelosi has seen her wealth increase to nearly $115 million from $41 million in 2004…

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Nancy Pelosi “has seen her wealth increase to nearly $115 million from $41 million in 2004,” and much of it comes from her husband's wildly successful trading of stocks and options in companies she influences and about which she has non-public knowledge.https://t.co/c0SrP2nOEr — Glenn Greenwald (@ggreenwald) July 18, 2021 This is what @AOC said when … Read more

Another one (nearly) bites the dust: Assassination attempt on Mali’s interim president! Conflicting reports on his death

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🇲🇱Two armed men, including one with a knife, attack Mali's interim president Assimi Goita during Eid prayers in the capital Bamako#Mali — RAGE X Intelligence (@Rageintel_) July 20, 2021 Sky News: Mali’s President targeted in assassination attempt – knifeman attacks According to reports, there was an attempted assassination of Mali’s interim president, Assimi Goïta. The … Read more

Future Trouble in Macro? Liquidity Traps and a Slowing Global Credit Impulse

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Could a slowdown in credit creation and a tightening of monetary conditions push bond yields lower and threaten risk assets? Alfonso Peccatiello, fixed income investor and publisher of the Macro Compass, believes that’s possible. Peccatiello contends that inflation is indeed transitory, and, disagreeing with the “bond vigilantes,” he argues that cash, bonds, and volatility protection … Read more