Has Iranian Crude Become Irrelevant To Global Oil Supply? Submitted by Tsvetana Paraskova Of OilPrice.com The reinstated U.S. blockade on Iranian oil exports is effectively preventing Tehran from exporting oil, making Iran’s oil volumes irrelevant for global oil market balances, Bob McNally, president of Rapidan Energy Group, told CNBC on Thursday. The U.S. brought back the blockade in the Gulf of Oman aimed at preventing Iran […]

“Significant” Tornado Threat Incoming For DC To Baltimore To Philadelphia Senior meteorologist Matthew Cappucci of private weather forecaster MyRadarWX is monitoring the potential for isolated tornadoes along the Interstate 95 corridor, from areas north of Washington, D.C., through Baltimore and Wilmington, Delaware, and into the Philadelphia metro area. Tornadoes are not unheard of in the Mid-Atlantic, but a potential setup later […]

Board Won’t Add Trump’s Name To Kennedy Center Before Sept. 8, Filing Says Authored by Matthew Vadum via The Epoch Times, The Kennedy Center’s board told federal court that it will not try to put President Donald Trump’s name back on the building’s facade before at least Sept. 8, giving both sides time to discuss a new resolution opponents say flouts a prior court order. In a joint status report filed late on Aug. 18, […]

The Great Reversal: Decades-Long Bond Bull Lacy Hunt On His Bearish Pivot, Tonight For nearly four decades, Dr. Lacy Hunt has been one of Wall Street’s most steadfast bond bulls. As chief economist of Hoisington Investment Management, Hunt built his reputation around a simple but powerful thesis: globalization, excessive debt and slowing growth would keep inflation and interest rates suppressed. He maintained that view through the […]

Mass Casualties In Large Russian Assault On Ukraine’s Capital, Air Defenses Dwindle Ukraine started the week with near record-setting drone attacks on Moscow, with over 600 UAVs sent against the Russian capital Monday night into Tuesday. The expected major Russian retaliation has come overnight, with a huge missile and drone barrage on the Ukrainian capital. Many dozens were sent, killing over 16 people and injuring more than 40, […]

Bessent: Aim Is To ‘Collapse’ Iran Regime Through Economic Warfare, But US Unlikely To Restart Major Combat Summary US shifts toward economic warfare, away from military strikes: Bessent says maximum sanctions likely mean no major new military campaign for now. Regime change rhetoric persists: Bessent says Washington intends to “collapse” Iran’s regime. USS George Washington arrives: A new US carrier is now operating in the […]

EU NatGas Hits 2023 Energy Crisis Levels As Trump’s “Economic D-Day” Clouds Hormuz Reopening European natural gas prices surged to levels last seen during the energy crisis triggered by Russia’s invasion of Ukraine, when severe supply disruptions sent global markets into turmoil. The catalyst was an overnight Truth Social post from President Trump declaring “ECONOMIC D-DAY” against Iran. The announcement raises the probability of […]

Of Anchovies And Blueberries – Why El Niño Matters Authored by Nick Smallwood via BondVigilantes.com, Why aren’t we talking more about El Niño? After an exceptionally hot, dry summer in Western Europe and elsewhere, climate discussions proliferate. But neither mainstream media nor markets seem to be seriously discussing the risks and opportunities presented by what scientists appear to agree will be a “super […]

Bitcoin Tops $72k After Largest Single-Day Crypto Short Liquidation In History Bitcoin surpassed $70,000 for the first time in over two months, propelled by US Treasury Secretary Scott Bessent’s ‘Operation Twist’-like move pushing US bond yields (and the dollar) lower followed by a high-stakes meeting President Trump held with crypto industry leaders. “When yields drop and the dollar weakens, risk assets tend to rally, and […]

FBI Seizes Eric Swalwell’s Electronic Devices At San Francisco Airport Amid Sexual Misconduct Investigation The FBI executed a search warrant against former congressman Eric Swalwell on Saturday after he landed at San Francisco Airport – seizing his electronic devices, including his cell phone, as part of a federal investigation into allegations of sexual misconduct, the Daily Mail reports. According to the report: The […]

North Korea Fires Barrage Of Missiles As Kim Plays Hard To Get, After Trump Overture The South Korean government has observed an alarming new launch of a missile barrage by North Korea on Thursday, announcing that an unidentified projectile was fired off the peninsula’s east coast on Thursday. “The Joint Chiefs of Staff said the launches of about 10 short-range ballistic missiles happened from North Korea’s capital region around […]

Walmart Crashes Most Since 2022 After Huge Comp Store Sales Miss Walmart is tumbling after posting disappointing guidance while quarterly sales fell short of expectations, a rare miss for the world’s largest bricks and mortar retailer, that is stoking concerns about the leading big-box retailer decelerating alongside a slow-growing US economy. Comp store sales at US stores open at least a year, excluding fuel, rose 2.6% in the […]

How Can This Be Real? Authored by Steve Watson via Modernity News, The Home Office in the United Kingdom is now handing asylum seekers a nine-page booklet and posters spelling out that rape is illegal, sex with children is a crime, women are equal to men, and you cannot mutilate girls’ genitals. Yes, really. This is how bad it’s gotten. Britain’s borders have become so porous that the state feels obliged to tutor new arrivals […]

Initial Jobless Claims Refuse To Blink Amid Increasingly Fragile Labor Market Signals Unchanged from near 1969 lows for the last five years… That’s quite a statement amid the sound and fury of markets and macro over the same period, but sure enough, the number of Americans filing for unemployment benefits for the first time ticked up to 206k last week – the same level as they were back in 2001… Michigan was the standout […]

Futures Slide As Treasury Yields Surge, Erasing Bessent Intervention, Driven By Oil Spike US futures slide and are trading at session lows, as bond yields surge after yesterday’s Treasury announcement, having now erased the entire post buyback-boost move; yields are 4-5bps higher as the curve bear steepens sharply with the 10Y yield now at 4.69%, above where it was before the Treasury’s press release yesterday, driven by a surge […]

Comey’s ’86 47′ Post Could Objectively Be Read As Threat Against Trump, DOJ Argues Authored by Matthew Vadum via The Epoch Times, The U.S. Department of Justice (DOJ) defended the ongoing prosecution of former FBI Director James Comey in a new court filing on Aug. 18, saying “an objective viewer” could interpret his social media post as threatening the president. The DOJ has denied that Comey is being prosecuted for his […]

Unitree Founder Sees Humanoids Going “Mass Market” Within Decade As IPO Rally Fades Lower US long-end yields, a softer dollar, and SK Hynix’s share buyback announcement stabilized sentiment across Asian markets. However, shares of Chinese humanoid robot maker Unitree erased some of those massive 460% gains following Wednesday’s blockbuster debut.  Risk appetite was also tempered after President Trump declared “Economic D-Day” […]

The ‘Pindia Challenge’: A Stark Warning To The West Authored by Steve Watson via Modernity News, A viral game on Google Maps has laid bare one of the most glaring cultural realities of the modern world. Drop a Street View pin anywhere in India and try to find a spot free of garbage, rubble, plastic waste or worse. The “Pindia Challenge” has taken off precisely because it is almost impossible to win. Mountains of trash, rivers of […]

“Doom Loop” Engaged: US Debt Hits $40 Trillion As Treasury Enters The Endgame It took the US 200 years to reach its first $1 trillion in debt. It took 95 days to add its last. After several weeks of build up, today the Treasury announced that total public debt surpassed $40 trillion for the first time, after jumping by over $60 billion in one day, and has now surged by $1 trillion in just over three months, and by a third of the […]

African Stampede For Kentucky Fried Chicken Causes Pandemonium Kentucky Fried Chicken is running a once in a blue moon promotion to celebrate a 15 year franchise anniversary.  The only problem is, they’re doing it in West Africa in the country of Ghana where the poverty rate is 22% and the average yearly wage is $2630 USD.  The one-day deal (one piece of chicken, two tenders, and a small fry for GH¢15, roughly equivalent to […]

Argentina’s Monetary Policy Reveals Germany’s Loss of Control Submitted by Thomas Kolbe Javier Milei is a politician who was trained along the lines of the Austrian School of Economics. For him, the maxim coined by Ludwig von Mises applies: inflation is always and everywhere a monetary phenomenon. In other words: artificial expansion of the money supply leads to price increases – in different ways. Newly created, unbacked […]

“Economic D-Day”: Trump Announces “Most Crushing Economic Operation Ever” Against Iran Summary: Trump’s Economic War against Iran Begins  Trump says “severe economic consequences” for any country that does businesses with Tehran Trump says “ECONOMIC D-DAY” begins against Iran UAE Cuts Ties As Iran Warns Gulf States Against Helping Washington; Kpler Says US Navy Gaining Ground In Hormuz ​​​​​​​”ECONOMIC D-DAY” […]

The Cost To Retire Comfortably Around The World For Americans considering retirement abroad, the same savings can go dramatically different distances depending on the destination. This graphic, via Visual Capitalist’s Dorothy Neufeld, maps the estimated cost for Americans to retire comfortably around the world, based on data from NetCredit and Numbeo. Estimates reflect a retirement of 14 years and 8.4 months, based on the […]

Ceuta Cops Claim Invaders Are Dragging Girls Into Mountains For Gang-Rapes Authored by Steve Watson via Modernity News, Spanish National Police officers and the majority union Jupol are sounding the alarm over a horrific pattern in the North African enclave of Ceuta: illegal Moroccan migrants, including unaccompanied minors and undocumented adults, are kidnapping girls and dragging them into the surrounding mountains to subject […]

By 2050, The World’s Most-Populous Cities Will All Be In Africa Or Asia Across 150 years, familiar urban giants rise, fall, and give way to a new generation of megacities. This visualization, via Visual Capitalist’s Gabriel Cohen, ranks the 15 most populous cities worldwide from 1950 to 2100 using population estimates from the European Commission’s JRC via Our World in Data. City boundaries were consistently defined based on […]