I struggle to describe how large of a bubble US stocks are…

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https://twitter.com/PondSagg/status/1413571409310363648 https://twitter.com/RetirementRight/status/1413581362494283776 The chart of the week is this one: Investors taking maximum risk at maximum risk. Compliments of trusted psychopaths. Sadly, they don't trust anyone who can be trusted. pic.twitter.com/qCA3C4zoEj — Mac10 (@SuburbanDrone) July 9, 2021 the last time this happened was late 2008 pic.twitter.com/gz1Zsd2npr — Alastair (@StockBoardAsset) July 9, 2021 The Dow's record … Read more

Record-breaking heat, drought prompt Manitoba to declare state of agricultural emergency

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by: Ethan Huff (Natural News) Parts of Canada are currently experiencing the hottest temperatures ever on record, resulting in severe drought conditions that threaten to destroy local agriculture. The situation is so dire in Manitoba that government officials recently declared a state of agricultural emergency. The Rural Municipality of St. Laurent, located in the Interlake region, … Read more

Fed drops major hints of tapering ‘fairly soon’; Gold’s response to policy reversal – Gary Wagner

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Kitco News, Released on 7/9/21 Gary Wagner, editor of TheGoldForecast.com, discusses with David Lin, anchor for Kitco News, the Federal Reserve’s next steps in monetary policy, and how a tapering of mortgage-backed securities purchases can impact the bond and #gold markets. 0:00 – Fed tapering? 2:09 – Taper Tantrum 5:00 – Economy re-opening 7:40 – … Read more

Markets Are Bracing For the Wrong Impact

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by Peter Schiff of Peter Schiff Podcast Bitcoin and other risky assets being sold off. Investors flee to gold and other safe havens. Fed goes from thinking about thinking about tapering to talking about talking about it. Supply of starter homes at 50 year low. Buying Bitcoin is as risky as it’s ever been. FULL SHOW NOTES AND … Read more

Tiny Bubbles? Reign of Faang Oligarchy Showing No Signs of Stock Usurpation (S&P 500 Hits All-time High, But Shiller CAPE Ratio Hits All-time High Too … Except For The Dot.com Bubble Of 2000)

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by confoundedinterest17 I wonder if the late Hawaiian crooner Don Ho knew what would happen in 2021. His song “Tiny Bubbles” may have to be rewritten as “BIG BUBBLES!!” (Bloomberg) — A sudden swoon in bond yields has put the stock market “reflation trade” at risk of an early death. For all the ink spilled over the phenomenon, … Read more

Wells Unexpectedly Shuts All Existing Personal Lines Of Credit, Hinting US Economy On The Edge

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As the credit market heats back up due to the growing consumer demand amid the reopening, America’s third-largest bank, Wells Fargo, unexpectedly announced this week that it will permanently shut down all of its existing lines of credit – a very popular product provided by the retail-focused Wall Street giant – and the move is … Read more

Power substation explosion in Texas here we go!

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⚠️🇺🇸#URGENT: Explosion reported at Electrical Substation in Houston, Texas#Houston l #TXFire personnel are requesting additional units to respond to a large fire at an electrical substation on the city’s western edge.There are reports of mass power outages in the area. pic.twitter.com/t36GJNNapg — Intel Point Alert (@IntelPointAlert) July 9, 2021

California’s unemployment fiasco takes new turn: Bank of America wants out

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California’s unemployment fiasco takes new turn: Bank of America wants out Just how dysfunctional is California’s unemployment department? Apparently, it’s so dysfunctional Bank of America, which since 2010 has had an exclusive contract with the state to deliver unemployment benefits through prepaid debit cards, wants to end the contract — even though the Employment Development Department … Read more

Crazy ‘Squad’ Member is Now Calling for this ENTIRE Department to be Shut Down

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https://www.youtube.com/watch?v=-Bf1Hu9I8-s Spencer Brown from Townhall reports, Amid debunked claims from the White House that Republicans are the party of defunding police, one Democrat is taking things to a new level and calling for an elimination of funding for the entire U.S. Department of Homeland Security. Read More/Source/Credit/FairUse: https://townhall.com/tipsheet/spencer…

Senator Grassley and the Judiiciary Committee now have their very own copy of Hunter Biden’s laptop

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Jack Maxey on Gab: Senator Grassley and the Judiiciary Committee now have their very own copy of Hunter Biden's laptop. No hiding now. Delivered half hour ago, signed for by "Bell". DEMAND JUSTICE!https://t.co/DnNp1voHjd pic.twitter.com/izV8svO21y — CuriousRabbit🐇🧐🇮🇪 (@ApocalypseBar_B) July 8, 2021     h/t Jwnlwplus4

Mapped: The World’s Biggest Private Tax Havens

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by visualcapitalist When the world’s ultra-wealthy look for tax havens to shield income and wealth from their domestic governments, where do they turn? If you’re putting money in offshore bank accounts in order to save on taxes, there are two main criteria you’re looking for: secrecy and accessibility. Based on pop culture and media reports, you … Read more

Worker shortage ‘biggest issue’ facing US economy this summer, Chamber of Commerce warns

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A worker shortage plaguing businesses across the country poses the biggest threat to the economy’s still-nascent recovery from the coronavirus pandemic, according to a new report published Tuesday by the U.S. Chamber of Commerce. The Labor Department reported this week that the U.S. had a little more than 9.2 million vacant job openings in May, … Read more

Mitch McConnell: Democrats seeking to raise taxes by $3.2 trillion

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Senate Republican Leader Mitch McConnell says that the Democrats’ forthcoming budget reconciliation bill would again give the U.S. the “highest corporate tax rate in the world” and raise taxes by about $3.2 trillion. McConnell said the 2017 GOP tax reform law lowered the corporate tax rate to 21% to make the nation “more competitive internationally.” … Read more

Soros is NOT Targeting the Dollar

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by Martin Armstrong QUESTION: I believe there is a guy on YouTube ripping you off and claiming Soros is now targeting the dollar which he will destroy just as he did to the pound. Is Soros even capable of that? You said he was just the lead guy on that for the club. Care to … Read more

Kamala Harris’ Tactics Overruled by Supreme Court

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by Martin Armstrong The Supreme Court ruled against Vice President Kamala Harris’ policies when she was the top prosecutor in California. The justices threw out California’s donor disclosure requirement for charities. She was acting like a dictator and ordered charitable nonprofits to submit to her office the names of leading donors, or she threatened to levy fines and suspend … Read more