House Oversight Cmte Probing Biden Voter Mobilization Order Authored by Ben Weingarten via RealClearPolitics, The House Oversight Committee is probing a controversial Biden administration executive order tasking the federal government with mobilizing voting groups it says are underrepresented. In a letter obtained by RealClearPolitics, Chairman James Comer (R-Ky.) has requested that Office of Management and Budget Director […]

RFK Jr. And AV24 Super PAC Sue Meta, Alleging Election Interference Authored by Matt McGregor via The Epoch Times (emphasis ours), Independent presidential candidate Robert F. Kennedy and the super PAC backing him have filed a lawsuit against Meta Platforms, Inc., for election interference after it allegedly shadow banned the documentary “Who is Bobby Kennedy?” on Facebook and Instagram. Presidental candidate Robert F. Kennedy […]

Goldman Finds Commercial Power Demand In Virginia Explodes Higher As ‘Next AI Trade’ Soars All eyes are on the powering-up America theme as the surge in artificial intelligence sparks a nationwide boom in data center building. The urgent need to overhaul the nation’s power grid to meet the skyrocketing demand for electricity is now front and center. We pointed out earlier this month that data centers hiding in ‘spy […]

1 In 8 US Adults Have Tried GLP-1 Obesity Medications, Poll Finds Authored by Amie Dahnke via The Epoch Times (emphasis ours) One in eight American adults have used popular weight loss and diabetes drugs known as GLP-1 agonists, according to the latest KFF Health Tracking Poll. (Photos from Shutterstock / Designed by The Epoch Times) The survey, which involved nearly 1,500 adult participants and was carried out in late April, […]

Record Household Debt, Jump In Delinquencies Signal “Worsening Financial Distress”, Fed Warns While the market remains focused on tomorrow’s CPI print, and to a lesser extent the April retail sales reports due at the same time, which will both be released at 8:30am on May 15. we should to flag another important report that doesn’t typically get a lot of attention: the New York Fed’s Household Debt and Credit Report for 1Q 2024 […]

Snyder: “Demographic Winter Is Coming” As Fertility Rates Plummet All Over The Globe Authored by Michael Snyder via The End of The American Dream blog, Fertility rates have fallen way below replacement level throughout the entire industrialized world, and this is starting to cause major problems all over the globe.  Aging populations are counting on younger generations to take care of them as they get older, but younger […]

Putin Plotting ‘Physical Attacks’ On West, UK Intelligence Warns, Amid Spate Of Mystery Arsons A top British intelligence official has issued a new alarmist warning concerning the ‘Russian threat’ to the West. Anne Keast-Butler, who for the last year has headed up the UK’s GCHQ, or signals intelligence operations (which is the equivalent of America’s NSA), has warned in her first major speech that President Putin is plotting […]

Will Tariffs Outweigh CPI? Authored by Peter Tchir via Academy Securities, Markets shrugged off high headlines on PPI, for a variety of valid reasons. Now we can move on to CPI (where I see the “whisper number” as a lower than expectations print). I’m more focused on tariffs. My recollection of tariffs was that far more economists reacted negatively to the initial round of tariffs imposed by President Trump in 2018. […]

Making Nero Proud… Blinken Rocks Out In Kiev As Kharkiv Burns Update(1654ET): Antony Blinken decided that at the very moment things are at their most dire point for Ukraine’s struggling armed forces in Kharkiv amid the new major Russian cross-border offensive, he would put on a concert featuring himself at a bar in Kiev. It has resulted in near universal revilement, even among some of Ukraine’s staunchest supporters. Blinken […]

WTI Rebounds Off Two-Month Lows After API Reports Crude Draw Oil prices decline today as the last few day’s rollercoaster continued after a hotter than expected PPI print, leaving WTI near nine-week lows. Crude has been on a downward path since April, with the geopolitical risk premium from tensions in the Middle East largely evaporating. Refinery run cuts and narrowing timespreads have signaled a slightly softer market. Yet […]

VDH: Has America Finally Had It With Joe Biden? Authored by Victor Davis Hanson, Joe Biden’s personal approval rating is at historic lows; almost all his policies do not poll fifty percent. He is behind Trump in almost all the swing states. And now he lies serially even to sympathetic interviewers. In short, finally Biden has been exposed for what he always was and represented. Senator and Vice President Joe Biden was always […]

Retail Wrecking Crew Hammers Hedgies Again; Stocks/Powell Shrug Off Stagflation Signals Hot PPI initially spooked markets (yields and dollar up, stocks down) but that faded fast (on lower revisions) – but the stag-flation trend continues this week… Source: Bloomberg Powell did briefly spook stocks around 1030ET with the following comment: “it’s a possibility – but I dont think it will be the case – that the next action we […]

Tesla Re-Hires Some Of The 500 Workers It Laid Off Its Supercharging Team It looks as though Elon Musk may have slightly overshot the mark with cost cutting at Tesla. The company, which saw layoffs number in the tens of thousands so far this year, is now hiring back some of the 500 workers from its Supercharger team it let go, according to Autoblog/Bloomberg.  Max de Zegher, the director of charging for North America, has […]

Over Half Of Illegal Aliens In US Are Unemployed: Report Authored by Eric Lundrum via American Greatness, A new report reveals that over half of the population of illegal aliens that have come into the United States under Joe Biden’s watch are unemployed, thus creating an even greater strain on the country. As reported by Breitbart, the report from the Center for Immigration Studies (CIS) released on Monday revealed that only […]

Another “Behemoth Solar Flare” Sparks Radio Blackout Across North America After a weekend of the strongest solar storms to rock the planet in years, producing aurora across Europe, the United States, and as far as New Zealand, there is news the sun just burped its largest solar flare of Solar Cycle 25, according to space weather website Solarham.  “The largest solar flare of the current solar cycle 25, and largest since 2017 […]

Peter Schiff: All Inflation Has One Source Via SchiffGold.com, Last week, Peter appeared on This Week in Mining with Jay Martin. Jay and Peter discuss the state of the economy, the government’s assault on sound money, and why the mining sector constitutes a good investment. Early on in the interview, Peter lays out the dilemma the Federal Reserve will face in the near future: “Inflation is going to get much stronger as the […]

Clearing Demand By Ahmed Bin Sulayem Since its establishment in 2005, the Dubai Commodities Clearing Corporation (DCCC) has been the central counterparty for clearing and settlement services to the Dubai Gold & Commodities Exchange (DGCX). Emerging as the largest clearing house in the MENA region by volume, DCCC is now poised to play a far more multinational role in line with the transition of economic power from west to east, […]

Cocoa Market Hit With Second Crash In Weeks As Liquidity Evaporates  Cocoa futures in New York crashed for the second time in just days as liquidity evaporated, and a new weather forecast points to improved weather conditions for top producers of the bean in West Africa. The most active cocoa contract in New York plunged 19% on Monday, recovering some losses on Tuesday, up about 5%. This followed the cocoa crash on May 1 of […]

Moving Average Crossovers Suggest The Bull Is Back Authored by Lance Roberts via RealInvestmentAdvice.com, While there is much debate over whether another bear market is imminent, weekly moving average crossovers suggest a different outcome for now. There are many current concerns, from geopolitical risk to still inverted yield curves, slowing economic growth, high interest rates, and inflation. Yet, despite those concerns, markets […]

Copper Scrappers Target Tesla Superchargers As Metal Prices Soar  In the early 1950s, a notorious bank robber, one of the first fugitives on the FBI’s Ten Most Wanted list, was asked after his capture: Why did you rob banks? William Sutton’s response: “Because that’s where the money is.” Fast-forward to today. Thieves are targeting electric vehicle charging stations because the charging cords at each stall contain a ‘gold […]

‘Good News Is Bad News’ Is The Worst News For Stocks Authored by Simon White, Bloomberg macro strategist, We’re back in a “bad news is good news” regime for stocks, where weak economic data prompts higher prices. That’s typically a supportive backdrop for equities, but investors should be alert for when stocks fail to rally on good news as this signals the economy is potentially in or about to be in a recession, with the […]

Israeli Tanks Plunge Deeper Into Rafah As 500,000 Palestinians Flee Israeli tanks have been seen plunging deeper into the southern Gaza city of Rafah amid reports that some 500,000 people have fled amid the escalating ground offensive. The Israel Defense Forces (IDF) have initially focused their operation on the eastern section of the city, having seized a key roadway that essentially cuts Rafah in half. “The tanks advanced this […]

“Trump Is Innocent”: Mike Johnson Gives Speech Outside Trump Trial In Manhattan Update (1215ET): Johnson, Ramaswamy, Doug Burgum, Byron Donalds, Cory Mills, and Eric and Lara Trump all joined Trump today. 🚨Donald Trump is joined in court by Vivek Ramaswamy, Speaker Mike Johnson, Doug Burgum, Byron Donalds, Cory Mills, Eric Trump and Lara Trump: “The gag order has to come off— There’s never been anything like this in our […]

Biden Administration Quadruples Tariffs On Chinese EVs Authored by Terri Wu via The Epoch Times, The Biden administration announced on Tuesday that it will impose a 100 percent tariff—quadrupling the current 25 percent—on electric vehicles imported from China in 2024. In addition to EVs, the White House has significantly increased tariffs on Chinese steel and aluminum products, lithium-ion batteries, and solar cells. […]

Entrepreneurs Face Major Headwinds Due To Big Government Policies Authored by Alfredo Ortiz via RealClearPolicy, The specter of stagflation has returned. On April 25th, The Bureau of Economic Analysis announced that GDP only grew by 1.6% in the first quarter of this year, well below expectations.  Consumer spending on goods actually declined in the quarter as ordinary Americans are financially tapped out. The report also […]