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Unwind Of China’s Great Carry Trade Could Unleash $20 Billion In Monthly FX Sales By Martin Lynge Rasmussen of Money: Inside and Out China’s trade balance reached $852bn in the year to July reflecting weak domestic demand and Chinese manufacturers growing global market share. What gets less attention is the activities of Chinese goods traders…

Elon Musk Offers Free Cellular Starlink For Emergencies Worldwide As Space Race With Legacy Mobile Carriers Heats Up  SpaceX’s Starlink “Direct to cell” service, in partnership with mobile carrier T-Mobile, will be offered free worldwide for connecting to emergency services.  “After thinking it through, SpaceX Starlink will provide emergency services access for mobile phones for people in distress…

Florida Can Enforce Ban On Puberty Blockers, Gender Surgeries For Children: Appeals Court Authored by Bill Pan via The Epoch Times, A federal appeals court has allowed Florida to enforce a ban on hormone replacement therapy for children while the legal challenge against the ban proceeds. In the Aug. 26 decision, a three-judge panel of…

Dear Democrats, Things Are Not Looking Good… Authored by Jenna McCarthy via Jenna’s Side Rocks blog, Dear Democrats, I hope you’ve got your organic, ethically-sourced stress balls and fair trade lavender calming spray handy, because I think you’re going to need them. The anti-vax black sheep of Camelot has thrown his support behind the felonious, mean-tweeting Cheeto, and…

Gold Hits New Record High, Bitcoin Battered As NVDA Earnings Loom Consumer sentiment lifted modestly today (headline Conf Board) but under the hood it was a shit-show with labor market weakness accelerating and purchasing-plans puking. Regional Fed surveys were also ugly (as home prices hit new record highs). That ‘bad’ news prompted a dovish shift…

Federal Judge Blocks Biden-Harris Administration’s “Parole In Place” Program For Illegal Aliens Authored by Eric Lundrum via American Greatness, On Monday, a federal judge in Texas blocked the Biden-Harris Administration’s attempts to implement a “parole in place” program that would have awarded a pathway to citizenship to illegal aliens who are the spouses of American…

Dow Hits Record High But Nasdaq Dumps As Oil & Gold Jumps Amid the doldrums of summer liquidity, today saw some give back from Friday’s euphoric response to Jay Powell’s latest flip-flop. Rate-cut expectations declined (most notably focused on a shift from 2024 to 2025)… Source: Bloomberg Stocks – broadly-speaking – did not love it…

RV Downturn Turns Apocalyptic With Largest Dealership Offering 55% Discounts Federal Reserve Chair Jerome Powell has been a serial bubble blower, only to later deflate bubbles through interest rate hikes and restrictive monetary policies. In this note, we’ll examine the recreational vehicle industry’s boom and bust and the current multi-year downturn.  In early 2020, a combination of…

Peter Schiff: The “Good Ship Transitory” Sank, And Now The Captain Is Joking About It… Via SchiffSovereign.com, It almost sounded like an apology. Almost… On Friday, Federal Reserve Chairman Jerome Powell stood in front of reporters and explained how we got here… and how inflation took hold. To be fair, he rightly diagnosed the root…

Rare Mosquito-Borne Disease Triggers Voluntary Curfew In Massachusetts Towns Authored by Bill Pan via The Epoch Times, Four towns in central Massachusetts are advising residents to stay indoors at night to avoid contracting a rare but potentially deadly mosquito-borne virus. The voluntary curfew notice was issued after the Massachusetts Department of Public Health on Aug.…

Does It Matter To The Market Who Wins The White House? During election years, the focus is on the political horse race. However, after the final poll closes, how have the market and the economy performed under both Democrat and Republican presidents? In this graphic, Visual Capitalist partnered with New York Life Investments to explore stock market performance, consumer outcomes,…

The Social Recession Is Accelerating Authored by Charles Hugh Smith via OfTwoMinds blog, Did wages rise 10-fold to match the 10-fold rise in the cost of a modest house? No. That is social recession in a nutshell. A reader asked about the term social recession which he’d noted in my book Get a Job, Build a Real Career…

Illegal Immigration Lull At Southwest Border Likely Temporary; Experts Say Authored by Darlene McCormick Sanchez via The Epoch Times, The number of immigrants illegally entering the United States is down at least temporarily because of deals cut with the United States’ southern neighbors and other measures, according to experts, but the crisis is far from…

New York To Pay $155 Per Megawatt Hour For Wind-Power, Current Rate Is $36 Per MWH Authored by Mike Shedlock via MishTalk.com, It currently costs NY about $36 per MWH for energy. But the state demanded wind. Let’s discuss the amazing bottom line results. So Much for So Little The Wall Street Journal asks Why Is…

Gat Summer: 22 Shot, 6 Dead In Chicago During First 3 Days Of DNC While Democrats prance around the DNC in Chicago with manufactured enthusiasm for Kamala Harris, a deadly week unfolded outside in the Democrat-run city. According to the Washington Times, 6 people were murdered amid 22 shootings in the first three days of…

Powell Pivot Sparks Buying Panic In Bonds, Bitcoin, & Bullion As Dollar Dumps To 2024 Lows With seven little words, Fed Chair Powell unleashed some chaos today as he confirmed “time has come for policy to adjust” and rate-cut expectations adjusted dovishly (though we note they were pretty much fully priced for this after the…

DOJ IG Finds FBI Systematically Mishandled Classified Info Authored by Ken Silva via Headline USA, Talk about irony: The FBI, which was willing to use deadly force over Donald Trump allegedly mishandling classified documents, has been systematically mishandling similar information for years, according to bombshell findings released Thursday by Justice Department Inspector General Michael Horowitz.…

Ten Years After Prop 47, California Goes Full Circle And Starts Fighting Retail Crime It’s called blowback: several years after California passed Proposition 47, which reclassified felony theft offenses as misdemeanors and effectively greenlit shoplifting of items below $950, the retail industry had had enough, and the same state that idiotically tried to give minorities…

Suezmax Tanker Crew Forced To Abandon Ship After Missile Attack In Red Sea The X account for EUNAVFOR ASPIDES, the European Union’s military operation committed to ensuring freedom of navigation and maritime security in the Red Sea, reported that the crew of a Suezmax tanker—the largest type of oil tanker capable of transiting the Suez Canal—was…

Trump Shooter Had Encrypted Accounts In Multiple Countries: Congressman Authored by Zachary Stieber via The Epoch Times, The man who fired shots at former President Donald Trump during a rally in Pennsylvania had encrypted accounts in multiple countries, according to a member of the U.S. House of Representatives task force investigating the attempted assassination. “We…

With Merit Back At The Fore, MIT’s Black Enrollment Plummets, Asian Share Leaps The composition of the Massachusetts Institute of Technology’s incoming freshman class is vividly reflecting the effect of the Supreme Court’s 2023 decision banning affirmative action — with the share of spots given to black people down sharply, while Asian enrollment has jumped. “Every student…

Judge: Virginia School District Must Allow Transgender Student On Girls’ Tennis Team Authored by Katabella Roberts via The Epoch Times, A federal judge has ruled that a Virginia school district may not prevent a transgender student from playing on a girls’ middle school tennis team while the student’s lawsuit against the school board continues. Judge…