We provide unfiltered news and market signals for people who have no time to search.
By Tsvetana Paraskova Year-ahead electricity prices continue to soar in Europe, with German power prices, the European benchmark, jumping to over $508 (500 euro) per megawatt-hour on Tuesday amid low Russian gas supply and a heatwave constraining supply and output from other fuel sources. Over the past year, German power prices have soared by around … Read more
via REASON: The Internal Revenue Service’s national headquarters in Washington, D.C.—a hulking New Deal-era monstrosity that’s ironically located on Constitution Avenue—has U.S. Supreme Court Justice Oliver Wendell Holmes’ oft-repeated words carved on the exterior facade: “Taxes are the price we pay for a civilized society.” Yet there’s nothing particularly civilized about the IRS—the nation’s heavy-handed, incompetent and … Read more
by Matt Taibbi on his TK News Substack: I woke this morning to find the Twitter version of a block party, over the news that Donald Trump is being investigated under the Espionage Act. A few examples: 🚨🚨 A former U.S. president is under investigation for violations of the Espionage Act. Let that sink in. … Read more
by John Mauldin The latest data shows inflation is still with us at an 8.5% annual rate. That means we can expect the Fed to keep tightening, trying to reduce demand and relieve pressure on consumer prices. At the same time, we’ve seen declining GDP growth the last two quarters. Some people raise measurement issues. … Read more
You guys heard about this back then? First I’ve heard of it now! (I searched here, but couldn’t find anything on this 3 yr old story…well 5 but it didn’t break back then.) SPOILERS: the cop got away with it, and resigned claiming “disability” and is getting a pension & other benefits! The guy was … Read more
Bloomberg (via MSN), Released on 8/16/22 Americans have been warned for years of an impending retirement crisis. Yet the situation is getting worse. Even when everything was going right — inflation was nonexistent, interest rates were low and stocks were in an extended bull market — there was a multi-trillion dollar savings shortfall. Then came a pandemic, … Read more
US High Yield – CDX has tightened by 180bp in 6 weeks despite dismal data. Against the collapse in homebuilder sentiment & Empire PMI it looks nuts. pic.twitter.com/2M7SEwXGLC — PPG (@PPGMacro) August 17, 2022 US mortgage payments as percentage of income higher than at the top of the subprime bubble👇 What could go wrong? Chart … Read more
Price of zinc surged as one of the largest European smelters halts production due to skyrocketing energy prices Let’s get started pic.twitter.com/VkVSKxsqUv — Alessio (@AlessioTMAD) August 16, 2022 BREAKING: UK CPI has topped double digits , headline came in at 10.1%. Even core CPI (ex energy, food, alcohol and tobacco) came in at +6.2% vs … Read more
by Martin Armstrong The National Bank of Romania (BNR) is turning to ancient rituals to predict future economic movements. Gabriela Dima, 64, often referred to as Minerva, holds two majors in psychology and cinematography. She also happens to be a popular fortune teller, a Bucharest fairy, and the newest hire of Romania’s central bank. Inflation in Romania … Read more
Quoth the Raven, Released on 8/16/22 This one blew my hair back a little. Andy and I talk about the future of the U.S. dollar and the global economy. Andy Schectman is the President and CEO of Miles Franklin Ltd. Precious Metals. Prior to starting Miles Franklin, Ltd. in 1989, Andrew became a Licensed Financial … Read more
Devin Nunes HILARIOUSLY trolls police-state DOJ after SHOCKING claim FBI infiltrated Trump Team— Watch to the end pic.twitter.com/9Nf8Kp23rv — Benny Johnson (@bennyjohnson) August 16, 2022 h/t PURA SANGRE
A large fire has broken out at London Bridge station and 70 firefighters are currently tackling the massive blaze. Trains are being diverted to other London terminals or terminated at alternative locations.’ The London Fire Brigade received its first call to the incident at 9.29am this morning. It sent around 40 firefighters, but now 10 … Read more
by ADdreaming The Smith-Mundt Act of 1948, Public Law 80-402, 62 Stat. 6, limited/prohibited the government from propagandizing its own citizens through controlling the narrative. This law was repealed/modified with the Smith-Mundt Modernization Act of 2012, 112TH Congress 2D Session H. R. 5736, This changed the Smith-Mundt Act by taking away the the government’s limit … Read more
It feels like old times. In the wake of the FBI raid on Donald Trump’s Mar-a-Lago club, the mainstream media are in a feeding frenzy the likes of which we haven’t seen since he exited the White House. The usual suspects, like the New York Times and Washington Post, which spent the four years of … Read more
by TheHiveminder
by Michael Crops are failing all over the globe this summer, but most people don’t even know that this is happening because the big television news channels aren’t talking much about it. Instead, they remain intensely focused on politics day after day. Without a doubt, the political realm is important, but there should also be … Read more
by Chris Black LA school district shares video on ‘preferred pronouns’ with links to non-binary biological male’s ‘boudoir photos’. https://twitter.com/AdrianneCurry/status/1557077347299340289
by Chris Black A new Minneapolis Teachers Union contract states that White teachers would be fired before “educators of color” during staff reductions. The district, of course, couches this under the guise of protecting diversity, stating: “Even though it doesn’t do everything that we wanted it to do, it’s still a huge move forward for … Read more
by Chris Black You should never vote for any Republican, but a special exception can be made for those who are campaigning on abolishing/defunding the FBI. Good to see grassroots conservatives making this a litmus test. Republican Booed for Rejecting Push to Shut Down FBI After Trump Raid https://t.co/RGoXX733XD — granitereport (@granitereport) August 15, 2022
