Germany Cannot Work Seven Days a Week to Escape Political Suicide

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by Martin Armstrong Germany’s political class has finally discovered the source of the nation’s economic collapse, and naturally, it is everyone except the politicians who created it. Germany is considering weakening its revered Sonntagsruhe, or “Sunday rest,” as officials search desperately for some way to revive an economy they have suffocated with high taxes, unaffordable energy, endless … Read more

US housing affordability just fell back to where it was on the eve of the 2006 crash. Nashville airbnb investors dumping homes at 40 percent losses

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US housing affordability just fell back to where it was on the eve of the 2006 crash. The typical family can barely afford the median home, with mortgage rates near 6.7% and prices stuck. For most households the home is the biggest asset they own, and with prices flat the wealth… pic.twitter.com/q6B1A3U6DH — Kurt S. … Read more

AI data center pure plays keep losing money even as revenue explodes

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Wall Street is still funding the construction spree. AI datacenter earnings so far byu/LarryBlink inwallstreetbets APLD locked in roughly 1.4 GW of contracted load and $36 billion in lease value. Hyperscalers keep raising their own capex numbers into the hundreds of billions. Several former bitcoin miners now report more HPC lease revenue than mining. Pure-play … Read more

Get used to higher rates and more inflation.

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The Hormuz Report @HormuzReport BREAKING: A senior Iranian official has confirmed that Iran will impose transit fees of 5% to 7% of cargo value on ships using the Strait of Hormuz—worth roughly $100 billion annually at pre-war traffic levels—with Chinese vessels exempt under the drafted deal, according to Reuters. At 7%, the toll would generate … Read more

Florida Attorney General James Uthmeier serves Fauci with subpoena over COVID self-dealing

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Florida AG James Uthmeier issued formal investigative subpoena to Anthony Fauci on August 5 2026. Probe looks at awards professional opportunities financial incentives grants and COVID guidance that hit Florida businesses and consumers. Subpoena demands documents from January 3 2020 to present due by August 31. Triggered by diary entries released by Senator Rand Paul. … Read more

Harvard needs 8% return every year just to keep the lights on. Since Harvard doesn’t cover the $100,000 tuition for everyone, where is all the $ money going?

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5% spending plus 3% inflation. Miss that number and buildings stop, professors leave, research dies. 40% of the operating budget comes from one portfolio. Not tuition. Not grants. One fund. Jake Xia manages that fund’s public markets. He also teaches the math behind it at MIT for free. One of the top five most-watched courses … Read more

Mount Vernon police boss fired for driving getaway car in son’s court shooting

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Indictment shows mother and son texting right before the shooting. Son had just left court on an earlier gun charge the same day. Surveillance caught the whole family circling the courthouse. WILD Mount Vernon, NY Deputy Police Commissioner Jennifer Lackard ARRESTED for allegedly being the GETAWAY DRIVER for her gang member son after a shooting … Read more

The market doesn’t need every problem solved. It just needs a reason to keep buying.

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The strange part about this rally isn’t that stocks keep going higher. It’s that every argument against it keeps getting absorbed. A few months ago, the list of problems was long. High rates. Tariffs. Weak consumers. AI spending concerns. Expensive valuations. Every dip came with a new reason to worry. But the market keeps finding … Read more

Global Food Prices Will Soar And Acute Hunger Will Spike Thanks To A Shocking Confluence Of Disastrous Events

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by Michael Experts are warning that a historic global food crisis has begun. Food prices have already been rising for years, and now they are about to go significantly higher. The number of impoverished people in the world suffering from acute hunger was already at an all-time record high coming into this year, and it … Read more

Sandisk just reported earnings with revenue up 372 percent and 85 percent margins

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The company released fiscal Q4 results today. Q4 revenue hit $8.97 billion, up 51 percent from last quarter. That is up 372 percent from the same quarter last year. GAAP EPS came in at $43.97. Non-GAAP EPS was $39.25. Gross margin reached 84.6 percent. Operating income hit $7.04 billion. Datacenter revenue jumped to $2.98 billion, … Read more

The world’s biggest copper producer just told you supply is not coming.

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The world's biggest copper producer just told you supply is not coming. Codelco halted expansion of its flagship El Teniente mine on seismic risk, and output there falls toward 300,000 tons from 356,000 in 2024. This lands as copper demand surges from electrification and AI… pic.twitter.com/iqTIjrLPgr — Kurt S. Altrichter, CRPS® (@kurtsaltrichter) August 4, 2026

The US economy looks to be surging ahead

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via notayesmanseconomics Yesterday brought news which rather changes the context of the US economy. The GDPNow model estimate for real GDP growth (seasonally adjusted annual rate) in the third quarter of 2026 is 6.2 percent on August 3, up from 5.0 percent on July 30. After this morning’s releases from the US Census Bureau and the Institute for Supply … Read more

USA only has 43 days left of emergency oil

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U.S. crude oil supplies have fallen to their lowest level in 45 years as President Donald Trump continues to wage war against Iran — with only 43 days of global supply left. There now exists a thinner cushion against any potential disruptions should the fighting in the Middle East escalate further. According to Bank of … Read more