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‘The Descent Is Upon Us’: Forget The Sahm Rule, This Indicator Has Perfectly Predicted Every US Recession Since 1930 Authored by Joe Sullivan-Bissett via BondVigilantes.com, The Sahm rule has triggered: markets, please prepare for landing The economic cycle is at an interesting inflection point where the effects of higher interest rates are becoming evident in…

Trump Endorsement? RFK Jr To “Address The Nation” Friday Morning Amid a flurry of speculation that he will endorse Donald Trump (following news reports – which he since denied – that he failed to clinch a cabinet job with Kamala Harris in exchange for his endorsement there), Robert F. Kennedy, Jr. said he will make…

U. Illinois Has 42 “Illegal” Race-, Sex-Based Scholarships: Federal Complaint Authored by Matt Lamb via The College Fix, The University of Illinois at Urbana-Champaign has 42 “illegal” scholarships that discriminate against applicants on the basis of race, sex, or both, a federal complaint alleges. The Equal Protection Project of the Legal Insurrection Foundation filed the complaint today…

​​​​​​​Industry Groups Urge Trudeau ‘Take Action’ As Inflation-Reigniting Canadian Rail-Strike Looms  Top industry trade groups have warned in a letter to Canadian Prime Minister Justin Trudeau to avert a rail strike that could snarl supply chains of critical commodities across North America.  “We request that you take action to ensure railroad operations continue before a lockout or…

Krugman: Harris Hasn’t Proposed Price Controls… But It’s Good That She Did Authored by Jonathan Newman via The Mises Institute, In Paul Krugman’s latest column, he claims that Kamala Harris hasn’t advocated for price controls, only a ban on price gouging on groceries. Of course, these are the same thing. Krugman’s own principles text defines price…

Stocks Extend Win-Streak Ahead Of J-Hole; Kam-unist Manifesto Accelerates Dollar-Collapse US equities rallied for the 8th straight day today (despite Leading Indicators slumping for the 29th straight month), with Nasdaq up 13% off its post-yen-carry-chaos lows – the longest win streak since Nov 2023. Small Caps and Nasdaq led the rip today, The Dow lagged,…

SEC Slaps Carl Icahn With Disclosure Fines In Margin-Loan Probe The Securities and Exchange Commission (SEC) has imposed a multimillion-dollar fine on Carl Icahn, a famed activist investor, and his company, Icahn Enterprises LP (IEP), for not disclosing Icahn’s billions in personal margin loans. These loans were secured using Icahn’s stake in IEP as collateral. The SEC…

Lock Up Your Daughters! Climate Change (Reportedly) Causes Rise In Child Marriages Authored by Chris Morrison via DailySceptic.org, Heavier and longer summer monsoon rains are said to be fuelling a rise in child marriages in Pakistan, reports Agence France-Presse (AFP). Human rights workers are warning such weddings are on the rise “due to climate-driven economic…

Chechen Warlord Shows Off Cybertruck With Heavy Machine Gun Turret Chechen leader Ramzan Kadyrov claimed on Telegram on Saturday, “We received a Tesla cybertruck from the respected Elon Musk.” Kadyrov’s claim that he received a Cyberbeast from Elon Musk or Tesla was not independently confirmed. Given that the US State Department has sanctioned Kadyrov over numerous human…

Catalysts And What Type Of Landing By Peter Tchir of Academy Securities Catalysts and What Type Of Landing? AI came back with a vengeance as equal weighted and small cap indices lagged. Inflation seems to be under control (by recent standards), which helped markets. We were a bit surprised how strongly the market reacted to…

 “Wet Winter Whirlwind”: Farmers’ Almanac Releases New Winter Forecast For US  It’s that time of year again—while many visit the beach and or mountains before the school season kicks off in just a few weeks, others are already beginning to prepare for the upcoming winter season, with new forecasts from the Farmers’ Almanac.  The 208th edition of…

The Beginning Of The End? Germany To Ban All New Ukraine Military Aid Three days ago, in the aftermath of the WSJ report seeking to radically shift the narrative over the Nordstream sabotage, where instead of the CIA being blamed for the explosion of the critical gas pipeline from Russia to Europe, unnamed “intelligence” sources…

“I Mean It”: Biden Endorses Violence, Tells Dems To “Beat The Hell Out Of” Republicans Authored by Dmytro “Henry” Aleksandrov via HeadlineUSA.com, Joe Biden urged supporters on Aug. 15, 2024, to “beat the h*ll out of” Republicans in the 2024 election. The Daily Wire reported that the violent rhetoric came during Biden’s first public appearance with Kamala Harris since he dropped out of…

Ten Killed In Southern Lebanon In One Of The Deadliest Israeli Strikes Since Oct 7 An overnight airstrike on southern Lebanon by Israel is being called one of the single deadliest attacks since the daily tit-for-tat exchange of fire began last October. Lebanon’s Ministry of Health announced the devastating attack killed at least ten people including…

Gold Soars To Record High, Dollar Dumps As Kamala Unveils ‘Populist’ Economic Plan We are sure it’s just a coincidence… …but on the day that Kamala Harris unveils her price-fixing, vote-buying agenda for economic growth… …the dollar plunged to 5-month lows… Source: Bloomberg … and gold soared to a record high, topping $2500 for the…

San Francisco City Attorney Sues Sites That “Undress” Women With AI Authored by Jesse Coghlan via CoinTelegraph.com, San Francisco’s City Attorney has filed a lawsuit against the owners of 16 websites that have allowed users to “nudify” women and young girls using AI. The office of San Francisco City Attorney David Chiu on Aug. 15 said he…

Operation ‘Harris For President’ Is One Of The Shadiest In Media History Authored by David Harsanyi via PJMedia.com, The past month has likely been the most eventful in American political history. Yet the two top officials of the most powerful nation in the world won’t answer any genuine questions. Three weeks have passed since Joe…

Stocks Soar, Bonds & Bitcoin Battered On ‘Fake’ Data As VIX Plunges At Record Pace …no, Goldilocks is not back! Retail Sales soared in August… thanks to massive historical revisions and a surge in Auto sales… but Auto production crashed by the most since COVID lockdowns (lowering GDP expectations)… and homebuilder sentiment slumped… and the…

Subway Calls ‘Emergency’ Meeting With Franchisees As Fast-Food ‘Value Wars’ Potentially Claim First Casualty   Quick-service restaurants (QSR) are locked in a fierce “value war,” offering cash-strapped consumers $5 meal deals or even better bargains to maintain their market share. This battle for value has intensified as QSR executives recognize that low- and mid-tier households have been…

The Harris Campaign Will Base Its Platform On Biden’s Fake Economic Accomplishments Authored by Connor O’Keefe via The Mises Institute, Later this week, Kamala Harris is expected to break her campaign’s strange silence about policy by unveiling much of her economic platform. The vice president is scheduled to first join President Joe Biden for an event in Maryland on…

Mortgage Refi Activity Jump Most Since 2020 As Lenders See Gloom Ending   Mortgage lenders have endured a brutal 2.5-year period of the Federal Reserve’s interest rate hiking cycle, with a high rate environment pressuring refinance applications to multi-decade lows. However, those lenders who weathered the downturn—dodging widespread layoffs, industry consolidation, and scraped by on Ramen Noodles and Zyn pouches—are now…

Watch: Tulsi Gabbard Suing Biden/Harris Admin For Placing Her On Terrorist Watch List Authored by Steve Watson via Modernity.news,. Former Democratic Representative Tulsi Gabbard is taking legal action against the Biden/Harris Administration after she discovered that she has essentially been placed on a terrorist watch list. Gabbard, a military veteran, had it brought to her…