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Elections Won’t Fix This Authored by Jeffrey Tucker via The Brownstone Institute, Americans have limitless faith in democracy. In the early 19th century, that charmed Alexis de Tocqueville. His book Democracy in America still rings true today because not much has changed. The entire country can be in ruins and even then, most people figure that it…

UK PM Boris Johnson Survives ‘No Confidence’ Vote Update (1600ET): UK prime Minister Boris Johnson has survived a vote of no confidence with a of ‘secret’ vote of 211 (confident) to 148 (not confident) leaving him remaining in office but significantly weakened. Sir Graham Brady says: “I can announce that the parliamentary party does have…

Bitcoin & Bond Yields Soar As Stocks Puke Post-Payrolls-Gains For once US Macro data did not disappoint today… because there were none. Rate-hike expectations continue to rise (hawkishly) to its highest level since the May FOMC meeting and press conference… Source: Bloomberg Stock surged overnight (driven by enthusiasm about easing COVID restrictions in China, plus…

Hedge Fund CIO: Biden Is Already As Unpopular As Trump And The Fed Is Only Just Staring QT By Eric Peters, CIO of One River Asset Management “Today the enemy counts on popular demonstrations to strike the Islamic system,” declared Iran’s Supreme Leader, 83-years-old, in power since 1989, the year of the Tiananmen Square student…

The Great Robo-placement? Workplace Robot Orders Jump 40% In First Quarter As we come out of the Covid-19 pandemic – which was more like a controlled demolition of small businesses, followed by a mismanaged, taxpayer-funded cocaine binge that dropped vicious inflation on our laps – more and more industries are turning to robots as they…

Diesel Once Again Racing Higher Than Prices For Crude Oil, Gasoline By John Kingston of FreightWaves Diesel prices have wrapped up four days of trading in which they are finishing far higher than they were at the start of the business week and have moved up faster than crude and gasoline prices. It’s a worrisome…

“Pay-To-Play” Looms For The Rest Of Us Authored by Charles Hugh Smith via OfTwoMinds blog, The more kafkaesque quagmires you’ve slogged through, the more you hope “pay-to-play for the rest of us” beomes ubiquitous. You know how “pay-to-play” works: contribute a couple of million dollars to key political players, and then get your tax break, subsidy, no-bid contract,…

Russia Threatens To ‘Strike The West’ If US-Supplied Rockets Hit Its Territory Following on the heels of the Biden administration announcing it would send longer range rocket systems to Ukraine, the Kremlin has issued a veiled threat that if it’s territory is hit it could strike back directly at the West. “One of President Putin’s…

Expect A Deep Recession To Start This Quarter Or Early Third Quarter Authored by Mike Shedlock via MishTalk.com, GDP estimates are plunging but are still too high. A recession is on the near horizon. GDPNow Data from the Atlanta Fed, Chart by Mish The GDPNow Forecast was at 2.5 percent on the May 17 retail sales report. It’s…

The Handbook For Debt-Soaked Nations: Lie, Print, Inflate, & Finger-Point Authored by Matthew Piepenburg via GoldSwitzerland.com, Below we consider the classic (and oh-so predictable) tactics of debt-soaked nations facing a showdown (corner) between tanking markets and ripping inflation. Ultimately, I see a stagflationary end-game in which both occur, but for the near-term, prepare for more inflation, as…

Oil Pops, Stocks Drop As Hawks & ‘Hurricanes’ Killed The Dead-Cat-Bounce Jamie Dimon downshifted his economic outlook from “clouds on the horizon” to an imminent hurricane”, Goldman President John Waldron confirmed Dimon’s anxiety noting that “the shocks to the system are unprecedented,” and finally, Elon Musk warned he has a “super bad feeling” about the…

January 6th Committee Kicks Off Prime-Time Hearings Next Week The Democrat-run January 6th committee is set to hold its first hearings next week, kicking off a prime-time presentation to ring the shame bell on Trump supporters who breached the capitol while protesting the results of the 2020 US election. The hearings will kick off on…