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Crypto Bid, Crude Skids, Stocks & Bonds Sluggish As CPI Looms Somehow, Small Business Optimism rose in June (for the third straight month) to its highest since Dec 2023 despite aggregate economic data collapsing dramatically, PMIs plunging, and even The Fed admitting the labor market is tightening. Doe this look normal? We saw a decoupling…

Speaker Johnson Presses NATO To Meet Spending Goals As DC Summit Kicks Off The annual NATO summit 2024 began Tuesday in Washington D.C., and House of Representatives Speaker Mike Johnson used the opportunity to urge all alliance members to meeting spending goals, which as at least 2% of GDP for defense. “I just want to say this,…

“What The Heck?!”: United Airlines Boeing 757 Loses Wheel After LAX Takeoff “United Airlines @united @Boeing wheel fell off after take off from LAX this morning going to Longmont, Colorado! Is this another maintenance issue?! What the heck?! husband was on flight and texted me the pilot luckily landed the plane safely,” X user SusanRealtor wrote around…

“What The Heck?!”: United Airlines Boeing 757 Loses Wheel After LAX Takeoff “United Airlines @united @Boeing wheel fell off after take off from LAX this morning going to Longmont, Colorado! Is this another maintenance issue?! What the heck?! husband was on flight and texted me the pilot luckily landed the plane safely,” X user SusanRealtor wrote around…

VDH: Bidengate & The Doom Loop Authored by Victor Davis Hanson via American Greatness, The entire 2019-20 Biden candidacy and subsequent presidency were predicated on a rotten Faustian bargain. A hale Joe Biden would feign his aw-shucks, Joe from Scranton schtick. And an ossified working-class Joe’s camouflage would get the hard left elected – especially…

VDH: Bidengate & The Doom Loop Authored by Victor Davis Hanson via American Greatness, The entire 2019-20 Biden candidacy and subsequent presidency were predicated on a rotten Faustian bargain. A hale Joe Biden would feign his aw-shucks, Joe from Scranton schtick. And an ossified working-class Joe’s camouflage would get the hard left elected – especially…

Americans Are Poorer – The US Misery Index Rises Again Authored by Daniel Lacalle, I frequently receive comments about the strength of the United States economy and the unfairness of perceiving things as less than stellar. Is it really the “strongest economy ever”? It’s evident that it’s far from being the “strongest economy ever.” The United…

Stocks & Bonds Sluggish In Post-Holiday Hangover; Black Gold, Bitcoin, & Bullion Battered After a long-ish July 4th weekend, some liquidity returned today but activity levels were relatively flat compared to the last two weeks. Goldman’s trading desk noted they were tilted slightly better to buy: LOs are +6% better to buy with demand for…

Building The Case For Rate Cuts By Peter Tchir of Academy Securities A month ago we published our Updated Rate Outlook. As we start turning our attention to the Fed announcement on July 31st, we wanted to reiterate our view (I still think that there will be 2 to 3 cuts this year, for a…

“The Sh*t Is Going To Hit The Fan On Monday”: DC In Turmoil As Biden Says Only ‘Act Of God’ Will Dislodge Him After years of feigned outrage every time conservative media mentioned Biden’s obvious mental decline, the Democratic party is in complete disarray just four months before the election following last month’s disastrous debate…

Leftist Coalition Set For Shock Victory In French Election; Le Pen Limps To 3rd Behind Macron! Well, no one saw that coming… The last-minute-arranged broad left-wing coalition known as The New Popular Front (NFP), was leading a tight French legislative election Sunday, ahead of both President Emmanuel Macron’s centrists and Le Pen’s rightists, projections showed.…

Russia’s Majority-Muslim Regions Are Paving The Way By Temporarily Banning The Niqab Authored by Andrew Korybko via substack, Russia’s majority-Muslim regions of Dagestan and Karachay-Cherkessia temporarily banned the niqab on security-related pretexts in the aftermath of last month’s terrorist attacks in Dagestan. The temporary nature of this restriction is meant to avoid violating federal law after a government document from the…

Spot Bitcoin ETFS See Record Inflows Post-July-4th-Dip Authored by Amaka Nwaokocha via CoinTelegraph.com, Spot Bitcoin ETFs experienced a surge in inflows on July 6, following the recent U.S. Independence Day, during which Bitcoin’s price dropped below $54,000. According to Farside monitoring, this is their largest net inflow in a month, with a remarkable $143.1 million flowing…

Phoenix Police Pull-Over Driverless Waymo For ‘Freaking Out’ & Driving Into Oncoming Traffic Phoenix Police bodycam footage, published online by AZCentral, captures the moment when an officer pulls over a Waymo autonomous Jaguar I-Pace SUV that had recklessly veered into oncoming traffic on a busy Phoenix street. AZCentral said the incident occurred on June 19. Phoenix police…

Was Tesla’s Cybertruck The Best-Selling US EV Pickup In Q2?  Tesla surprised investors last week with better-than-expected deliveries for the second quarter despite a global electric vehicle market downturn. New estimates from Fed Lambert, the editor-in-chief and main writer at Electrek, speculates that after parsing through the delivery report, “Tesla Cybertruck might have become the best-selling electric…

McDonald’s Sues Homeless Man For Alleged Customer Attack In Los Angeles Via City News Service, McDonald’s Corp. has filed a cross-complaint against an unidentified homeless man who allegedly attacked a customer at one of its stores near Los Angeles General Medical Center in 2023, asking that the assailant and other possible defendants compensate the fast-food…

Reporters Blame “Right-Wing Media” For Their Failure To Disclose Biden’s Infirmity Authored by Jonathan Turley, The media is sorry . . . sort of. After the shocking appearance of President Joe Biden in the presidential debate, the public has turned its attention to the press which has, again, buried a major scandal for years. According…

Putin & Erdogan Discuss Syria Rapprochement To Squeeze Out Pentagon Occupation During the ongoing Shanghai Cooperation Organization (SCO) annual summit which is being held in Kazakhstan’s capital of Astana, Russia’s Putin and Turkey’s Erdogan publicly broached the subject of a potential Turkey rapprochement with the Syrian government of Bashar al-Assad. The two have been in a…

Americans Share What Patriotism Means To Them Authored by Lawrence Wilson, Dan M. Berger, Janice Hisle, Natasha Holt, Jackson Richman, Jacob Burg via The Epoch Times, Independence Day is the nation’s most patriotic holiday, and Americans celebrate it with abandon. (Illustration by The Epoch Times, Shutterstock, Public Domain) On this day of parades, baseball games,…

How Much Are State And Local Government Workers Overpaid? Authored by Mike Shedlock via MishTalk.com, Let’s discuss the latest BLS report on employer costs with a special focus on teachers. Employer costs from the BLS, chart by Mish Employer Cost Synopsis Government Wages Plus Benefits: $61.27 Private Wages and Benefits: $43.78 Government Wages: $37.90 Private…

Israel Takes Out 2nd Senior Hezbollah Commander In Less Than Two Weeks Another senior Hezbollah commander has been killed in an Israeli airstrike in southern Lebanon on Wednesday. He was killed in a daytime strike on the coastal city of Tyre, in what appears a neighborhood or city area (according to widely circulating video). Hezbollah…