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No Debate Required With Natural Gas Authored by David Callahan via RealClearEnergy, It often feels like common ground is a rare commodity in today’s highly charged political climate, where heated debate emphasizes our differences more often than our shared values. As policy solutions are advanced in the coming months of the election season on key…

‘Stolen Valor’: Walz Under Fire For Bailing On Iraq Tour, Then Lying About Combat Deployment Kamala Harris’ VP pick Tim Walz has come under fire over his extreme left-wing policies, from joking about helping illegal immigrants into the country by investing in a ‘ladder company,’ to signing a law that gives them driver’s licenses, to…

Combatting China’s Legacy Chip Threat: Time To Revive Section 421 Authroed by Jonathan Harman & Lillian Ellis via RealClearDefense, The People’s Republic of China (PRC) has long sought to make geopolitical competitors dependent on it for materials necessary for national security by oversaturating the market with cheap Chinese products. Using that same strategy, the PRC…

Turnaround Tuesday Stalls At Technical Resistance; Bitcoin & Bond Yields Higher A lack of ongoing collapse in the yen overnight (did BoJ quietly step in?)… Source: Bloomberg …and no new macro news to feed the recession narrative, provided just the recipe for a Turnaround Tuesday rally in stocks. Notice that the entire US equity complex…

“Illegal Under Taliban Law”: CNN Seeks Summary Judgment Under Curious Claim In Defamation Case Authored by Jonathan Turley, CNN has been fighting a defamation case brought after a segment by Jake Tapper that accused Zachary Young and his company Nemex Enterprises Inc. of preying on people seeking to flee Afghanistan, even suggesting that he was…

Trump Campaign Lawyer Flips, Will Aid Arizona Prosecutors In 2020 Election Case A lawyer who worked on Donald Trump’s 2020 election campaign will dodge a potential jail sentence by cooperating with Arizona’s Democratic attorney general, who’s charged 18 defendants with election interference over their participation in post-election challenges. Trump hasn’t been charged — yet —…

Former Secret Service Chief Wanted To Destroy Cocaine Evidence Authored by Susan Crabtree via RealClearPolitics, Former Secret Service Director Kimberly Cheatle and others in top agency leadership positions wanted to destroy the cocaine discovered in the White House last summer, but the Secret Service Forensics Services Division and the Uniformed Division stood firm and rejected…

Iraq Base Housing American Forces Comes Under Brief Rocket Attack Update(1519ET): While this doesn’t yet look like the start of the big attack that the world has been on edge about, rockets have hit Iraq’s Ain al-Asad air base, which hosts American and international soldiers, during the evening hours of Monday (local time). “Two Katyusha rockets…

Alphabet Shares Tumble After Losing DoJ Antitrust Suit Over Search In what could be a ground-breaking victory for the Justice Departments, a federal judge ruled Monday that Google’s payments to make its search engine the default on smartphone web browsers violates US antitrust law. As Bloomberg reports, Judge Amit Mehta in Washington said that the Alphabet Inc. unit’s $26 billion…

Guess Who Kamala Harris Blames For Disastrous Jobs Report? Following last week’s horrendous jobs report, the Kamala Harris campaign issued a statement blaming – you guessed it – Donald Trump! “Donald Trump failed Americans as president, costing our economy millions of jobs, and bringing us to the brink of recession,” said Harris for President spokesperson…

Jittery Israel Braces For ‘Five Front’ War As Officials Predict Iran To Attack Monday This weekend has continue to see limited exchanges of fire involving Hezbollah along Israel’s northern border, but the jittery wait persists with Israelis heading into a new work week with the expected big Iranian retaliation immediately on the horizon for the…

Bitcoin Is Crashing Ahead Of The Japan Open Bitcoin, and the entire crypto universe, is crashing after yet another huge sell order was unleashed by a time-triggered algo, the same algo that has activated selling momentum on each of the past 7 trading days at 10am ET, just after the US cash open (a move…

Trump Says Mark Zuckerberg Called Him And Said He Won’t Support Democrats Authored by Steve Watson via modernity.news, Donald Trump has claimed that Meta owner Mark Zuckerberg reached out to him to let him know that he admires Trump’s reaction to the attempt on his life and that he won’t be supporting the Democrats in…

Buffett Calls The Top: Berkshire Quietly Dumps Half Its Apple Shares Amid Unprecedented Selling Spree When yesterday we said, when discussing Buffett’s ongoing liquidation of his Bank of America stake, that “Berkshire’s rising cash stockpiles merely reflect the firm’s inability to find deals in today’s overvalued and weak economic environment”, little did we know just…

New York State Supreme Court Blocks NYC Mayor Adams’ Attempt To Pause Migrant Arrivals Authored by Michael Washburn via The Epoch Times, The New York State Supreme Court has denied New York City Mayor Eric Adams’s request for a preliminary injunction against busing illegal immigrants from Texas to the city. Adams, who faces challenges from…

Into The Weird! Authored by James Howard Kunstler via Kunstler.com, “What we are witnessing is nothing less than the failure of the greatest propaganda apparatus in history.” – Mattias Desmet Have you noticed yet? — the weird thing about Veep Kamala Harris is how weirdly brisk her transfiguration was from a sit-com character to Wonder…

Market Ka-Mauling This was the week when – like Biden’s dementia – economic weakness became too much for the mainstream to ignore and while Powell hinted at cuts to come, the market demands more (again) and stocks won’t be satisfied until they get them. Source: Bloomberg “Growth scares” now dominate the narrative (maybe growth’s demise…

Warren Buffett’s BofA ‘Dump-A-Thon’ Grows By Another 19 Million Shares Billionaire investor Warren Buffett’s Berkshire Hathaway has been offloading tens of millions of shares of Bank of America in the last several weeks. Since we first detailed the selling on Tuesday, Buffett’s firm has dumped millions more.  Let’s begin with the note on Tuesday titled “Buffett Disposes 71 Million…

Stocks & Bond Yields Puke Amid ‘Most Volatile Earnings Season’ Since GFC …well that escalated quickly… Bad (macro) news was bad news today as jobless claims surged, manufacturing surveys slumped, and construction spending tanked, sending rate-cut expectations higher… Source: Bloomberg …but apparently prompting growth-scare anxiety that punched US equity markets in the face. Small Caps…

Hezbollah Chief Vows ‘New Phase’ Of War During Slain Commander’s Funeral Hezbollah chief Hassan Nasrallah in a Thursday speech coming on the same day as the funeral of Hezbollah military commander Fuad Shukr – who was slain in an Israeli airstrike on south Beirut on Tuesday – warned that Israel has crossed all “red lines” and…

70% Of Students ‘Believe Speech Can Be As Damaging As Physical Violence’: Survey Authored by Daniel Isfresne via Campus Reform, A new Knight Foundation-Ipsos study shows a decline in students’ views concerning the state of free speech on college campuses. The study, released on Tuesday, reveals several key findings, including that 70 percent of students…

“Too Complacent” – Back To Mag-7 Earnings & The AI Story Authored by Peter Tchir via Academy Securities, It is difficult to tell how much of today’s rally was: AMD related which was up more than 10% and presumably helped rally almost 15% adding more than $300 billion of market cap MSFT, gaining traction from…