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Credit Card Debt Surges To New All-Time High, Just As Card APR Rates Hit Fresh Record Just when you thought US consumers had finally learning their lesson, and had stopped buying stuff they can’t afford with money they don’t have… we got the latest consumer credit data which collapsed that particular thesis in a millisecond.…

Ford To “Re-Time” New EV Production, Expand Hybrid Production Authored by Mike Shedlock via MishTalk.com, Today Ford announces a two-year delay, “retiming” until 2027, on new EV models scheduled for 2025. In addition. Ford will focus on a full line of hybrids. Retiming Press Announcement Please consider Ford’s Press Announcement on retiming and hybrid production. Ford Motor…

Climate Alarmists’ Bad Science Submitted by David Barker, who has taught economics and finance at the University of Chicago and the University of Iowa and worked as an economist at the Federal Reserve Bank of New York. He runs a real-estate and finance company. I debunked research by the Federal Reserve and top academic economists…

Bonds & Bitcoin Bid As Kashkari & Crude Slam Stocks An armada of FedSpeak today was pretty much all in the same direction – need more time on inflation, no rush to cut (but will cut), jobs strong – with the only divergence being the degree (Gooslbee, more dovishly worried about labor market due to…

Blinken Bombshell: “Ukraine Will Become A Member Of NATO” Update(1600ET): Secretary of State Antony Blinken just dropped an ultra-provocative bombshell statement which is sure rile Moscow further. He told reporters Thursday in Brussels, where foreign ministers are meeting to prepare for the alliance’s annual meeting in July: “Ukraine will become a member of NATO. Our purpose…

Gold Closes At Record High For 5th Straight Day, Dollar Dumps As Bond Bloodbath Stalls Another mixed bag of data today – something for everyone – ADP showed better job gains than expected (but wage growth soared, re-igniting inflation fears). S&P Global’s Services PMI dropped (but prices paid soared) and ISM Services PMI also dropped…

Apple Developing Robot As “Next Big Thing” After Dumping Electric Car Project After shocking its fans – and everyone else – with the recent decision to give up on developing an electric car after sinking billions of dollars into the now defunct project, Apple – perhaps deciding to quietly move on beyond the neck brace…

Saturdays Only For “People Of Color” At UC Berkeley Farm; Report Authored by Micaiah Bilger via The College Fix, Federal complaint accuses university of racial discrimination… A community farm run by the University of California at Berkeley only allows “people of color” to participate on Saturdays, according to a new federal complaint. The report to the Department…

30 Year Old Man Stabbed To Death On North Philadelphia Subway Platform It’s the latest in what can only be described as a disturbing string of violent attacks on and around Philadelphia-area SEPTA’s mass transit stops. On Monday morning this week a man was stabbed to death on the platform at North Philadelphia’s Somerset Station…

RFK Jr. Says He Will Pardon Whistleblower Edward Snowden If Elected President Authored by Stephen Katte via The Epoch Times, Independent presidential candidate Robert F. Kennedy, Jr., claims he would pardon whistleblower Edward Snowden on his first day as president if elected and “investigate the corruption and crimes he exposed.” Mr. Snowden is a former…

Hey NASA! ISS Space Junk May Have Ripped Through South Florida Home In early March, Jonathan McDowell of the Harvard–Smithsonian Center for Astrophysics posted on social media platform X that space junk from the International Space Station “reentered” the Earth’s atmosphere between “Cancun and Cuba.”  The EP-9 equipment pallet reentered at 1929 UTC over the…