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Hordes Of Americans Are Moving To Mexico To Escape Rapidly Rising Inflation In The US Authored by Michael Snyder via The End of The American Dream blog, Times sure have changed. When we talk about immigration, we tend to envision vast hordes of impoverished immigrants that are desperate to find a way to cross our…

Stocks, Bonds, Oil & Gas Dump; Dollar & VIX Jump Ahead Of Fed Stocks were choppier today than the recent utter destruction but still could not hold a bid. Overnight saw some strength with Nasdaq up almost 2% ahead of the European open… but that as good as it got as selling pressure hit and…

Texas Power Demand Hits Record As Heat Dome Roasts State  Texas power demand soared to a record high on Sunday amid a severe heat wave sending temperatures into triple-digit territory. The good news is no major disruptions were reported on the grid as households and businesses cranked up their air conditioners.  Data from the Electric Reliability…

Snyder: The Worst Economic Gloom In 50 Years Authored by Michael Snyder via TheMostImportantNews.com, We haven’t seen anything like this in decades.  Energy prices are soaring to unprecedented heights.  Food shortages in some parts of the world are starting to become quite severe.  Rampant inflation is out of control all over the globe.  Meanwhile, economic activity is…

Carnage! Well that escalated quickly. Apart from crude oil, almost all asset classes were clubbed like baby seals today as event risk anxiety (ahead of FOMC) combined with OpEx technicals ($3.4 trillion options expiration) and European ‘fragmentation’ fears and all the usual geo-political, geo-economic factors that are holding back the dip-buyers as the S&P drops…

Biden Admin Orders 500,000 More Monkeypox Vaccines Authored by Mimi Nguyen Ly via The Epoch Times (emphasis ours), The Biden administration has ordered an additional 500,000 more doses of the Jynneos vaccine for monkeypox, marking a big step up in the government’s response amid rising cases in the United States and around the world. An electron…

20% Of Pandemic Unemployment Payments Were Improper: GAO About one in five unemployment insurance dollars paid out during the Covid-19 pandemic went to people who didn’t qualify for the benefits, according to a report issued this week by the U.S. Government Accountability Office (GAO).  At the same time it spotlighted the fiscal disaster, the congressional watchdog…

The Bill Gurley Chronicles: Part I By Alex of the Macro Ops Substack What if there was a way to distill all the knowledge that someone’s written over the last 25 years into one, easy-to-read document? And what if that person was a famous venture capital investor known for betting big on companies like Uber,…

Fed Warns Biden Admin: Price Controls Should Stay In The History Books As inflation soars, a growing number of progressives are blaming ‘gouging’, first by ‘Big Oil’ and now by ‘Big Shippers’, pressuring the Biden administration to impose price controls. The problem is – they never work! And as Christopher Neely, the vice president of…

Russia Issues Unusually Bitter Condemnation Of Israeli Attack On Damascus Airport Israeli media is on Saturday describing an “unusually bitter condemnation” as Russia has lashed out at Israel’s latest airstrikes on Syria, which disabled Damascus International Airport. Following the Friday pre-dawn raid, ostensibly against Iranian weapons shipments and assets according to Israeli reports, Russia’s Foreign Ministry…

The Seven Pillars Supporting The Bitcoin Revolution Authored by Sylvain Saurel via ‘In Bitcoin We Trust’ Substack, Bitcoin is a monetary revolution that will change the world of the future. Bitcoin will not only change the world of the future forever, but it will also change it for the better. The Bitcoin system will enable…

Tesla Jumps After Board Proposes For 3-For-1 Stock Split, Larry Ellison To Step-Down As was largely expected, Tesla’s latest filing – of proposals set for inclusion in its annual shareholder meeting on August 2nd – shows the company is proposing a 3-for-1 stock split. The primary purpose of the Authorized Shares Amendment is to facilitate…

It’s “Worse Than Many Can Imagine” – Kim Dotcom Fears “Controlled Demolition” Enabling A “New Dystopian Future” Authored by Alexandra Bruce via ForbiddenKnowledgeTV.net, New Zealand tech CEO, Kim Dotcom did the math on the United States’ sovereign debt and he tweeted a thread about it, saying it may the most important thread that he may ever make.…

Soaring CPI Crushes ‘Peak Inflation’ Narrative, Sparks Global Market Turmoil There have only been 2 months in the last two years where CPI has printed less than expected and CPI has risen for 14 straight months (Biden has been president for the last 16). Additionally, sentiment among Americans collapsed to a record low (UMICH) and…

Stocks Slump, Dollar Jumps Ahead Of CPI ‘Event Risk’ Weakness in stocks today – after an ugly claims print, ECB hawkishness-ish, and anxiety ahead of tomorrow’s ‘event risk maximizing’ CPI print. Nasdaq was down over 2.5% and the S&P close behind, down over 2%. Stocks closed on their lows… …took the US majors into the…

Watch: Protester Threatens Biden’s Motorcade, Immediately Regrets It… “An abortion ban will not stop abortions – only safe ones,” a Biden protester shouted after approaching and almost blocking the motorcade of the pro-choice president in Los Angeles, as he was en route to the Summit of the Americas. Video captured the “women’s rights” protester positioning…

Navarro: An Illegitimate Court Gets Ready To Convene Op-Ed authored by Peter Navarro via RealClear Politics, As the Select Committee to Investigate the January 6 Attack prepares to stage a show trial of Donald Trump on Capitol Hill this week, I have filed a lawsuit challenging the Select Committee’s gross violations of the Constitution’s separation…

Henry Hub Hammered As Texas Tea Rips; Gold Pops, Bitcoin & Bonds Drop With barely any macro again, today was another day of illiquidity and extremes across asset classes – NatGas was dumped, Oil pumped; Crypto dropped as the dollar popped; Bond yields jumped as stocks slumped. US Stocks drifted lower overnight, after yesterday’s magical…

Suspect Arrested Near Kavanaugh House Charged With Attempted Murder Update (1549ET): 26-year-old Nicholas John Roske of California has been charged with attempted murder for threatening to kill Justice Brett Kavanaugh, over the Supreme Court’s leaked opinion which would overturn the right to kill unborn babies. According to a criminal complaint filed Wednesday in Maryland, Roske…

“The Summer Of Starvation”: Soaring Fertilizer Prices Unleash Chaos, Hunger Worldwide One of the most pernicious consequences – if primarily for the anti-Russia west – resulting from the Ukraine war, has been the unprecedented spike in fertilizer prices which among other things, has sparked a historic surge in food prices and collapse in supply chains…

WTI Dips After Unexpected Crude Build, Gasoline Stocks Up Most Since Jan Oil prices rebounded from midday weakness to close at 2-month highs with WTI at $120 after Goldman hiked its crude price forecasts and rebounding demand hopes from China “The true fundamentals in crude, gasoline and diesel remain bullish, although prices have risen a…

Uranium Stocks Soar On Report US Seeking Billions To End Reliance On Russian Enriched Uranium Back in February, when Biden instituted a wholesale ban on Russian energy exports, he explicitly carved out Russian uranium suppliers for the simple reason that the US is very much reliant on Russia for its nuclear power plant needs –…