TopFeatured.com

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…

Crypto Tumbles As ‘Harris/Biden’ Admin Moves Another 10,000 ‘Silk Road’ Bitcoin To Coinbase Bitcoin prices fell this morning in reaction to the lackluster CPI (as rate-cut expectations dipped). That selloff broke through $60,000 and accelerated further as headlines broke that the US government moved 10,000 seized Bitcoin from the Silk Road dark web marketplace to a…

Dollar Dumped To 4-Mo Lows, Bitcoin & Big-Caps Pumped Ahead Of CPI Tsunami Cooler than expected headline and core PPI (dovish for monetary policy hopefuls) trumped the margin-compression (bearish for corporate profitability and therefore stocks) aspect of the producer prices data this morning exaggerating a weak-dollar/BTFD stocks trend that emerged overnight. The ‘cool’ PPI knocked…

NY Times: Feds Accelerating Naturalization Of Immigrants To “Reshape The Electorate” Authored by Paul Joseph Watson via Modernity.news, The New York Times reports that the federal government is accelerating the naturalization of immigrants in America as part of a process of “reshaping the electorate, merely months before a pivotal election,” according to one observer quoted…

Paramount Cuts 15% Of US Workforce, Closes TV Studio, As Traditional TV Market Slumps Paramount, the parent company of CBS News, BET, MTV, Nickelodeon, dozens of local TV stations, and Paramount Pictures, announced in an internal memo from top executives to employees that the first round of job cuts is set to begin.  The multinational media…

KFC Unveils ‘Finger-Lickin Good’ Meal Deal As Value Wars Heat Up  Quick-service restaurant customers have been frustrated by rising Big Mac and chicken sandwich prices, which we dubbed ‘McFlation.’ As burger sales slide, chains like McDonald’s and Burger King have swiftly introduced meal deals to maintain market share amid a worsening downturn among consumers, especially low/mid-tier ones.  With McDonald’s…

These Six Drivers Are Gone, And That’s Why The Global Economy Is Toast Authored by Charles Hugh Smith via OfTwoMinds blog, The global economy is toast. All that’s left is the distribution of the burned bits. The six one-offs that drove growth and pulled the global economy out of bubble-bust recessions for the past 30…

Putin Says There Will Be No Peace Talks With Ukraine As 180,000 Citizens Evacuated Amid Invasion Ukraine’s brazen and high risk cross-border ground incursion into Russia’s Kursk region is nearly one week in, with Russian forces still fighting off the invaders, and Kiev confirming in a fresh statement that the “offensive operation” is continuing. Russian…

ATF Dispatched After McMansion Explodes Near Baltimore A McMansion in Harford County, Maryland, exploded on Sunday morning, resulting in one fatality at the 2300 block of Arthur Woods Drive in Bel Air. Harford County Fire and EMS Association spokesman Jeffrey Sexton told WBAL TV that emergency dispatchers received a call early this morning reporting a…

Imagine There’s No Carry, It’s Easy If You Try By Peter Tchir of Academy Securities What were we thinking about markets last weekend? In some ways, that seems like an obvious question, since the S&P 500 finished the week unchanged! On the other hand, it might seem like a crazy question, since you heard more…

“It Didn’t Sound Like Joe Biden”: Pelosi Questions Dropout Letter As Biden Fingers Her In Ouster In his first interview since he was very clearly ousted from the 2024 race, President Biden specifically mentioned former House Speaker Nancy Pelosi (D-CA) – telling CBS News Sunday Morning that Democrats in the House and Senate thought he…

The Trillion Dollar Coin: A Dumb Idea That Some Government People Take Seriously Authored by Mike Maharrey via Money Metals, When I was about 7 years old, my friend Tommy and I decided we were going to dig a cave. We envisioned a massive cavern we could stand up in. It would be our secret…

Ukraine Says It Hit & Destroyed Russian Offshore Gas Platform In Black Sea Ukraine says its military has targeted and destroyed an offshore gas platform in the Black Sea which had allegedly been converted to a forward operating sea base by Moscow forces. “Ukraine’s navy and military intelligence have attacked and damaged a former offshore gas…

Manners Are The Glue That Binds Society Authored by Rob Smith via RealClearMarkets, Convention, customs, manners and civility. When my daughter Ella was 16, I met her at a local restaurant for dinner. I was already seated when she arrived and before I could hold the chair out for her, she plopped down in the…

Harris/Walz Are “Levitating In Fake Polls On Gusts Of Idiot Wind” Authored by James Howard Kunstler via Kunstler.com, “Who Elected YOU Boss of This Outfit?” “There’s some perversion that’s happened in our country in the last several years.” – Candidate Kamala Harris You might well wonder: how does the Democratic Party rank and file sustain…

Stocks Erase ‘Black Monday’ Losses As Vol Tumbles; Bond Yields & Black Gold Surge If you took the week off and are just now looking at your book, you could be forgiven for being confused and unimpressed… S&P unchanged, rate-cut expectations notably lower, TSY yields up 15bps, and oil surging. Source: Bloomberg What you missed…

CBP Agents Snag Record $48 Million In Meth Hidden Inside Lettuce Shipment At Southern Border By Caleb Revill of FreightWaves U.S. Customs and Border Protection announced several large drug busts this week after field operatives seized a record-breaking 3,400 pounds of methamphetamine on the Southern border and 266 pounds of cocaine on the Northern border…

“I F**king Told Them!”: Enraged Butler Cop On Bodycam Says He Told Secret Service To Cover Warehouse Used By Shooter, And They Agreed Bodycam footage from local Pennsylvania police reveal that in the moments after last month’s attempted assassination of Donald Trump, an officer says he told the Secret Service to cover the warehouse used…

Big-Tech, Bond Yields, Bitcoin, & Bullion Bounce But Rate-Cut Hopes Fade A de minimus improvement in (the incredibly noisy) initial jobless claims was all it took to enable the machines to run stocks higher, bond yields followed suit (higher) along with another ugly auctions (30Y). Crude, bitcoin, and gold also rallied (despite the dollar being…

Apple Revises EU App Store After ‘Anti-Steering’ Probe Following the European Commission’s announcement in June that Apple violated the Digital Markets Act with its App Store anti-steering rules, the world’s most valuable company has revised its policy. Apple introduced a new fee structure for the EU App Store’s “link-outs.” This allows app developers to include…