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iFall: Beijing Batters US Tech, Bonds & Bitcoin Bid Jobless claims at 2023 lows and an upward revision to unit labor costs both indicated strength in the labor market, which together with robust growth in the US economy, could indicate some unease that the monetary policy stance could remain tighter for a bit longer. But…

AI-Generated Drake Song Up For Grammy Nomination Authored by Savannah Fortis via CoinTelegraph.com, A hit track made from an AI-generated vocal track of the rapper Drake has been submitted to the Recording Academy for Grammy nomination in two categories… A viral track from the anonymous producer “Ghostwriter” using an artificial intelligence (AI)-generated vocal track of…

We’re Living In A Neofeudal Bubble Authored by Charles Hugh Smith via OfTwoMinds blog, If you want to understand the neofeudal reality, study these charts. If you listen to conventional economists, everything’s rosy: thanks to the expansion of alt-energy like wind and solar, energy is getting cheaper, batteries will power the new global economy, we’re getting…

Stocks & Bonds Slammed On Stagflation Scares & Tech Tumult A rebound in prices paid in the Services sector surveys combined with hawkish comments from Boston Fed’s Collins to send the dollar higher and stocks, bonds, bitcoin, and gold all lower. Oil prices bucked the trend. Today’s price action is consistent with the market dynamic…

ADL “Has Lost Its Way”; CEO Claims Musk Is ‘Inciting Violence Against Jewish People By Criticizing Us’ The Musk vs ADL (and the censorship industrial complex) battle escalated further this morning with the X/Twitter owner highlighting a new article from Newsweek: Good article https://t.co/8cRi66IQvR — Elon Musk (@elonmusk) September 6, 2023 “The ADL taught me…

Sidney Powell Alleges Falsehoods In Georgia Trump Indictment Authored by Petr Svab via The Epoch Times (emphasis ours), Lawyer and former prosecutor Sidney Powell alleged false claims in the indictment against former President Donald Trump in Georgia. Sidney Powell speaking at a “Stop the Steal” rally in Alpharetta, Ga., on Dec. 2, 2020. (NTD) Ms.…

‘Value’ Stocks Puked, ‘Growth’ Gains, As Heavy Flow Hammers Bonds A long weekend to think about how ‘not-goldilocks’ the jobs data really was combined with disappointing manufacturing orders data this morning prompted a bid for Nasdaq (safety in the MAG7) and selling in Small Caps as rates rose (this is since the Friday close and…

Mexican Officials Place Slab Of Berlin Wall Next To Open US Border As “A Lesson” Authored by Steve Watson via Summit News, The mayor of Tijuana, Mexico and a former Mexican foreign secretary have placed a large slab of the former Berlin Wall next to the U.S. southern border fence there in an action designed…

Drunk Drivers Causing Parental Deaths Now Liable For Child Support In Texas Authored by Mimi Nguyen Ly via The Epoch Times, Drunk drivers who are convicted of intoxication manslaughter will now need to pay child support if they kill a parent or guardian of a child in a car crash, according to a new Texas…

Orange Man Disqualified? Adam Schiff Talks 14th Amendment Without outright saying so, Democrats have made no secret that their endgame with the various Trump prosecutions is to get him kicked off the 2024 ballot. To that end, Rep. Adam Schiff (D-CA) said on Sunday that a legal argument to disqualify the former president is “valid,”…

Zuckerberg’s “Twitter Killer” App Struggles For Traction Authored by Benjamin Kew via The Epoch Times, Meta CEO Mark Zuckerberg’s microblogging platform Threads, launched to great acclaim as Instagram’s “Twitter Killer” in July, appears to be showing signs of struggle. The initial signs for Threads were extremely encouraging. The platform—nearly a carbon copy of Twitter, now known as X—pulled…

Turley: Biden’s Use Of Fake Names In Email Could Cost Him Authored by Jonathan Turley, Op-Ed via The Hill, Last year, at an event at the White House, former president Barack Obama jokingly referred to the current president as “Vice President Biden.” At the time, it was described as the more popular politician “reminding Biden who’s boss.” Yet,…

Alaska Military Base Eyes ESG-Friendly Micro-Nuclear Reactors for De-Carbonized Future  The Defense Logistics Agency Energy, on behalf of the US Air Force, is serious about decarbonizing a military base in Alaska. Surprisingly, the focus is on something other than solar or wind but on mini-nuclear reactors. According to a press release from Santa Clara-based Oklo…

FDA, CDC Hid Data On Spike In COVID Cases Among The Vaccinated: Documents Authored by Zachary Stieber via The Epoch Times (emphasis ours), COVID-19 cases among vaccinated seniors soared in 2021, according to newly disclosed data that was acquired by U.S. health agencies but not presented to the public. Syringes and vials of the Pfizer-BioNTech…

‘Election Variant’ Prompts NYC Mask Advisory New York health authorities are asking residents to mask up during Labor Day weekend amid the latest wave of Covid-19 cases, and a broader resurgence of hysteria over the disease which generally laughs at face masks & kills less than 0.01% of those who contract it – with newer…

“Remarkably Dishenst” DA Fani Willis Violates The Law Authored by Techno Fog via The Reactionary (subscribe here), Fulton County District Attorney Fani Willis has gone from criminalizing court filings to committing crimes with respect to her own court filings. Georgia law makes it unlawful to knowingly file a court document “knowing or having reason to…

Calls Grow For Staten Island To Secede From NYC As Illegal Immigrant Crisis Escalates Authored by Matthew Lysiak via The Epoch Times, Growing safety concerns over the city’s bussing of illegal immigrants into the outer boroughs have intensified efforts from Staten Island to break away from the Big Apple. “The values of New York City…

Biggest Weekly Short-Squeeze Since Jan Lifts Stocks; Crude Jumps, Crypto Dumps Quite a week… sticky (or rising) inflation, mostly bad picture of the labor market, and sentiment softens – not exactly the goldilocks/soft-landing that The Fed and most of the talking heads keep dreaming of and in fact more stagflationary signals evident. ‘Hard’ data disappointed…

The Inflation Monster Is Alive And Kicking Philip Marey, Senior US Strategist at Rabobank Yesterday’s data from both sides of the Atlantic showed that the battle against inflation is far from over, which means that the ECB and the Fed are not going to cut rates anytime soon. While it has come down considerably, inflation…

Yellow Fever: Truck Transportation Jobs Plummet In August By John Kingston of FreightWaves Truck transportation jobs plummeted in August, according to the Bureau of Labor Statistics, with the likelihood that the demise of Yellow Corp. was largely responsible for sending the employment total down by 36,700 employees. To put that drop in perspective, in the…

Philly Fed GDPplus Measure Sure Looks Like Recession Started In Q4 2022 Authored by Mike Shedlock via MishTalk.com, The Philadelphia Fed GDPplus measure, a blend of GDP and GDI, is flashing a signal that recession has already started… Data from Philadelphia Fed, chart by Mish GDPplus is a measure of the quarter-over-quarter rate of growth…

Oil Closes At Second Highest Level Of 2023 Amid Plunging Oil Inventories WTI prices just closed at the second highest level of 2023, up 2.5% at $83.64… … because, as John Kemp notes, among other things U.S. commercial crude oil inventories have depleted by 34 million barrels since the middle of July, contributing to a…