Saudi Arabia’s Massive Futuristic Vanity Projects Falter Amid Gaza War Authored by Giorgio Cafiero via The Cradle Launched in 2017, Saudi Arabia’s NEOM, a sprawling high-tech development on the northwestern Red Sea coast, was introduced as the crown jewel of Vision 2030. This futuristic desert megaproject, extending over some Jordanian and Egyptian territory, was cast as a bold leap…
Category: Economy
How to Hobble the Fast-Food Industry and Fast-Food Jobs
One of the ideas that economists are most sure of is that when the price of something rises, other than due to something that shifts the whole demand curve, the quantity demanded falls. Conversely, when the price of something falls, the quantity demanded increases. This is not controversial in economics. Moreover, it’s so clear that…
Secret Service Agent Assigned To Kamala Harris Hospitalized After Fighting Other Agents
Secret Service Agent Assigned To Kamala Harris Hospitalized After Fighting Other Agents A Secret Service agent assigned to protect Vice President Kamala Harris got into a physical altercation with several other agents Monday morning around 9 a.m. near Joint Base Andrews, located near Washington DC. The agent in question was immediately “removed from their assignment,”…
The Fallacy That Rules The World
The Fallacy That Rules The World Authored by Jeffrey Tucker via The Epoch Times, Smart people know to avoid fallacies. One of them is known as the fallacy of post hoc ergo propter hoc. It’s Latin for “after this, therefore because of this.” The classic example concerns the rooster and the sunrise. Every morning before…
This Is How Much Chipotle Stock Is Up Since Its Worst Era Ever
On what is a decidedly down day in the markets, Chipotle (NYSE: CMG) stock managed to buck the negative trend. Despite losses in the Dow Jones Industrial Average, Nasdaq and S&P 500, shares of the fast-casual retailer soared nearly 7% on the day to above the $3,000 level. Investors rewarded CMG for raising its full-year…
Houthis Launch Attack On US Cargo & Navy Ships Following Two Weeks Of Quiet
Houthis Launch Attack On US Cargo & Navy Ships Following Two Weeks Of Quiet Yemen’s Iran-linked Houthis have announced new aggressive actions in the Gulf of Aden and Red Sea regions, saying late Wednesday that projectiles were launched against more US and Israeli-owned commercial vessels, and that a US warship was also targeted. This follows a…
Get Ready To Be Hammered By Property Taxes
Get Ready To Be Hammered By Property Taxes It’s not just record capital gains taxes that Americans have to look forward to if they choose “4 more years, pause” of the senile occupant in the White House: As Epoch Times’ Jeffrey Tucker reports, property taxes are also about to soar. Below we excerpt from his…
What if Socialism (Slavery) Worked?
This post What if Socialism (Slavery) Worked? appeared first on Daily Reckoning. We have asked the question before. Today we ask it again: What if socialism “worked”? What if communism worked? That is, what if collectivist economics outdid and outperformed free market capitalism… and Marx triumphed over Smith? Should the United States take collectivism aboard on…
The Ghetto-ization Of American Life
The Ghetto-ization Of American Life Authored by Charles Hugh Smith via OfTwoMinds blog, Behind the facade of normalization, even high-income lifestyles have been ghetto-ized. Consider the defining characteristics of a ghetto: 1. The residents can’t afford to live elsewhere. 2. Everything is a rip-off because options are limited and retailers / service providers know residents…
Is Something Starting To Break? Stocks Plummet And Bonds Go Nuts As Economic Data Disappoints
Are the financial markets headed for trouble? There was quite a bit of panic on Wall Street on Thursday after more bad economic numbers were released. But honestly I simply do not understand why the financial markets responded with such surprise. By now it should be apparent to everyone that we have a “Weekend at…
As Tax-Season Ebbs, Money-Market Funds See Return Of Inflows; Fed’s Bank Bailout Fund Remains At $126BN
As Tax-Season Ebbs, Money-Market Funds See Return Of Inflows; Fed’s Bank Bailout Fund Remains At $126BN After the prior week’s almost unprecedented outflows, total money market fund assets rose last week (admittedly by a modest $9.1BN), but remain below the $6TN level ($5.97TN) as tax-season draws roll off… Source: Bloomberg The flows into money-market fund…
Lawmakers Ask IRS To Investigate Chinese Funding Of Anti-Israel Protests
Lawmakers Ask IRS To Investigate Chinese Funding Of Anti-Israel Protests Authored by Eric Lundrum via American Greatness, On Wednesday, lawmakers in the U.S. House of Representatives called for the Internal Revenue Service (IRS) to begin investigating the financial links between China and anti-Israel groups that have been protesting throughout the United States since October 7th….
Google Soars To Record After Smashing Estimates, Launches $70 Billion Buyback And Starts Paying Dividend
Google Soars To Record After Smashing Estimates, Launches $70 Billion Buyback And Starts Paying Dividend After the first two Mag7 companies were a study in market paradoxes, when TSLA missed across the board and soared (after guiding much better than expected) and META beat across the board but plunged (after guiding weaker than expected while…
Biden Campaign To Remain On TikTok Even After Signing Bill To Ban App
Biden Campaign To Remain On TikTok Even After Signing Bill To Ban App Authored by Eric Lundrum via American Greatness, Despite the fact that Joe Biden signed into law a bill that will ban the Chinese social media app TikTok if its parent company does not sell it, his campaign will continue to use the…
LIVE ALERT! If This Bond Market SELL-OFF Continues, EXPECT THE STOCK MARKET TO FREEFALL… Mannarino
Lions and friends! PLEASE SUPPORT MY WORK. Choose either PayPal, Click: https://www.paypal.com/paypalme/GregoryMannarino Or Use STRIPE, Click: https://buy.stripe.com/28o15F82aeQwcCc7ss Want to support my work with Crypto? Please click here: https://commerce.coinbase.com/checkout/512f394b-b043-4869-96b3-df29676ec23d Click this link for the original source of this article. Author: Gregory Mannarino This content is courtesy of, and owned and copyrighted by, https://gregorymannarino.substack.com and its author….
Microsoft Surges As AI-Growth Drives Across-The-Board Beat
Microsoft Surges As AI-Growth Drives Across-The-Board Beat Investors can exhale after META’s meltdown as MSFT just reported better-than-expected revenues in Q3 of $61.86 billion (estimate $60.87 billion). All the business segments also beat expectations: Productivity and Business Processes revenue $19.57 billion, estimate $19.54 billion More Personal Computing revenue $15.58 billion, estimate $15.07 billion With the…
Stagflation Signal Slams Stocks & Bonds; Bullion & Black Gold Bid
Stagflation Signal Slams Stocks & Bonds; Bullion & Black Gold Bid Overall, US macro data has suddenly started to disappoint (not the least of which was today’s ugly GDP print)… Source: Bloomberg But, while ‘bad news’ for the economy has recently been ‘good news’ for stocks (enables an easier Fed), today’s data ‘punched that narrative…
Why Is A Sensible Immigration Policy Discussion So Hard
Why Is A Sensible Immigration Policy Discussion So Hard By Mish Shedlock of MishTalk Why is the choice between shutting down the border and no controls at all? And what about demographics? Fertility rates? Immigration Talks We Should Be Having Eurointelligence discusses the Immigration Talks We Should Be Having. The ideas also apply to the…
Fauci To Testify In Public Hearing On COVID-19 Response, Origins
Fauci To Testify In Public Hearing On COVID-19 Response, Origins Authored by Stephen Katte via The Epoch Times, Dr. Anthony Fauci is locked in to testify before the Select Subcommittee on the Coronavirus Pandemic on June 3, his first public hearing since retiring as the president’s chief medical advisor in 2022. Subcommittee Chair Brad Wenstrup…
US-Led Gaza Pier Project Comes Under Mortar Fire As UN Officials Tour Site
US-Led Gaza Pier Project Comes Under Mortar Fire As UN Officials Tour Site The US military’s ambitious project to erect a large pier off Gaza’s coast (all within a war zone) to allow maritime shipments of humanitarian aid to Palestinians is off to a rocky start, after new reports that the construction site has come…
Parity in Labor Transparency
Whom is the person at the desk, on the fryer line, or at the shop-floor workstation next to yours working for? It seems like a silly question. Isn’t he or she obviously working for the same employer, likely toward the same goal of achieving the purpose of the business, whether through accountancy or some other…
The 5 Worst Ford F-250 Years To Avoid and 5 Years to Own
As the best-selling truck in the U.S. for 47 years and counting, the Ford F-Series is a U.S. auto industry staple. Selling 750,789 units in 2023, the Ford F-250 and F-150 are just that popular. While the F-150 is the more popular of the two models, the Ford F-250 is without question, the best heavy-duty…
The 5 Worst Ford F-250 Years To Avoid and 5 Years to Own
As the best-selling truck in the U.S. for 47 years and counting, the Ford F-Series is a U.S. auto industry staple. Selling 750,789 units in 2023, the Ford F-250 and F-150 are just that popular. While the F-150 is the more popular of the two models, the Ford F-250 is without question, the best heavy-duty…
Sixth Time The Charm? Meet The ZiG: Zimbabwe’s New ‘Gold-Backed’ Currency
Sixth Time The Charm? Meet The ZiG: Zimbabwe’s New ‘Gold-Backed’ Currency Authored by Peter C. Earle via The American Institute for Economic Research, Zimbabwe’s historical relationship with money has been inundated with mistakes, recklessness, and hardship. During the peak of its 2008 hyperinflation, the nation experienced a catastrophic economic downturn, characterized by the issuance of billion-…
Sceptical Supreme Court Could Hand Trump Partial Victory In Immunity Case
Sceptical Supreme Court Could Hand Trump Partial Victory In Immunity Case After two and a half hours, the Supreme Court has finished hearing arguments on whether a former president is immune from criminal prosecution. Reading the tea-leaves of the comments has left most believing that Supreme Court will fail to grant former President Trump the full…
Retirement Planning: Here’s How Much To Have Saved at 55
Practically every worker looks forward to retirement. However, according to a survey by the RAND Corporation, as many as 29% of all Americans are not adequately prepared to retire. While many retirees rely on benefits like Social Security, savings are another key part of retirement planning. While many articles throw around a magic number for how…
Retirement Planning: Here’s How Much To Have Saved at 55
Practically every worker looks forward to retirement. However, according to a survey by the RAND Corporation, as many as 29% of all Americans are not adequately prepared to retire. While many retirees rely on benefits like Social Security, savings are another key part of retirement planning. While many articles throw around a magic number for how…
Avoid All Sunscreen Brands, Except These 12
It seems like everyone has advice on what sunscreen to use. But when your choice is risking skin cancer or choosing the cheapest sunscreen, what should you do? Which brands are actually safe, if any? If you’ve done any amount of research into sunscreens yourself, you probably left discouraged, thinking it’s all marketing nonsense. That’s why we…
‘Disinfo’ Queen Resurfaces, Won’t Disclose Donors Despite Vow To ‘Expose’ Wrongthink For ‘Greater Transparency’
‘Disinfo’ Queen Resurfaces, Won’t Disclose Donors Despite Vow To ‘Expose’ Wrongthink For ‘Greater Transparency’ Nina Jankowicz,the Biden administration’s short-lived disinfo czar, is back! Jankowicz, a huge fan of Christopher Steele, architect of the infamous Clinton-funded Dossier which underpinned the Trump-Russia hoax, and who joined the chorus of disinformation agents that downplayed the Hunter Biden laptop…
Soggy 7Y Auction Prices On The Screws; Foreign Demand Sags Amid Surge In Directs
Soggy 7Y Auction Prices On The Screws; Foreign Demand Sags Amid Surge In Directs Following two solid, record-large coupon auctions this week, when first the 2Y auction stopped through and then the 5Y auction tailed, we just got the third possible outcome moments ago, when in the sale of $44 billion in 7Y paper (which…
In Defense of Seeking the Truth
There have been some interesting developments with NPR recently. A long time veteran of the organization, Uri Berliner, wrote an essay lamenting that the organization has gone from and admittingly left-leaning but still rigorous and fair journalistic enterprise to a politically driven monoculture that lets ideology drive its reporting. NPR, he says, no longer facilitates…
Aussie Prime Minister Calls For Ban On Memes
Aussie Prime Minister Calls For Ban On Memes Authored by Steve Watson via Modernity.news, The Australian Prime Minister appeared to call for a ban on memes on social media Wednesday, as his government continues a full on assault on freedom of speech online. During a press appearance, Anthony Albanese seemed to lump in memes making…
Anglo American Does Not Find BHP’s $39 Billion Takeover Bid ‘Attractive’: Report
Anglo American Does Not Find BHP’s $39 Billion Takeover Bid ‘Attractive’: Report Update (1255ET): Speaking on condition of anonymity, two sources close to top Anglo American investors told Reuters that BHP Group’s proposed all-share deal, valued at £31.1 billion ($38.9 billion), is not attractive. One source said the offer did not address the complexities of demerging the Anglo American Platinum and Kumba Iron…
The Cheapest and Most Expensive Housing Markets in Connecticut
Home prices have surged in the U.S. in recent years. Driven by rising demand and supply constraints during the pandemic, the median home sale price spiked by nearly 50% from the second quarter of 2020 to Q3 in 2022. While the sale price of a typical American home has fallen in recent months since, housing…
The Cheapest and Most Expensive Housing Markets in Connecticut
Home prices have surged in the U.S. in recent years. Driven by rising demand and supply constraints during the pandemic, the median home sale price spiked by nearly 50% from the second quarter of 2020 to Q3 in 2022. While the sale price of a typical American home has fallen in recent months since, housing…
“None Of This Should’ve Happened”: Baltimore Takes Container Ship Owner & Manager To Court Over Bridge Collapse
“None Of This Should’ve Happened”: Baltimore Takes Container Ship Owner & Manager To Court Over Bridge Collapse Baltimore City filed a lawsuit against the owner and operator of the container ship that crashed into the Francis Scott Key Bridge last month, causing it to collapse. Attorneys for Baltimore’s mayor and City Council claim the bridge collapse was caused…
Step-by-Step to Buying Your Dream Home
Owning a home is part of the American dream, but seems more out of reach for upcoming generations as prices skyrocket, wages level off and interest rates continue to rise. With inflation rising and falling and the cost of homes hitting all-time highs in some states, buying a home takes vision, planning and discipline. At the…
Step-by-Step to Buying Your Dream Home
Owning a home is part of the American dream, but seems more out of reach for upcoming generations as prices skyrocket, wages level off and interest rates continue to rise. With inflation rising and falling and the cost of homes hitting all-time highs in some states, buying a home takes vision, planning and discipline. At the…
Gold Prices: Beyond Inflation And Real Yields
Gold Prices: Beyond Inflation And Real Yields Authored Robert Burrows via BondVigilantes.com, Renowned for its role as a hedge against economic uncertainty and inflation, gold has long captivated investors. One key factor influencing gold’s price is the relationship between real yields and inflation. Over the long term, gold has protected one against the pernicious effects…
26 Guns Made For Today’s US Army
The US Army prides itself on being the best army in the World. As such they need to stay on top of their game with regards to all equipment issued to their soldiers. The modern-day soldier has access to a wide range of weapons. This plays an important role in the soldiers operational capabilities on…
26 Guns Made For Today’s US Army
The US Army prides itself on being the best army in the World. As such they need to stay on top of their game with regards to all equipment issued to their soldiers. The modern-day soldier has access to a wide range of weapons. This plays an important role in the soldiers operational capabilities on…
The Infamous ‘Buy Bitcoin’ Pad Just Sold For More Than $1 Million At Auction
The Infamous ‘Buy Bitcoin’ Pad Just Sold For More Than $1 Million At Auction $1.027 million…or about 16 bitcoin. That’s what the infamous ‘Buy Bitcoin’ scribble drawing on a yellow legal pad, once held up at a televised Congressional testimony behind Federal Reserve Chair Janet Yellen, just sold for at auction, according to Bloomberg. The report…
How Does The Fidelity Solo 401(K) Work, And Is It Any Good?
A Fidelity solo 401(k) can help self-employed individuals and small-business owners with no employees other than their spouse save for retirement. Officially called the Fidelity Self-employed 401(k), this retirement plan has higher contribution limits than a handful of other retirement accounts. And there’s no account opening fee or annual maintenance fee for a Fidelity Self-employed…
Rumble Stock Price Prediction in 2030: Bull, Base & Bear Forecasts
Rumble Inc. (Nasdaq: RUM) came as a solution to Google’s YouTube and its goal was to promote and support free speech. After transitioning from being privately traded to publicly traded in September 2022, Rumble was valued at $2.6 billion. The valuation sparked interest among investors but there was a catch; the valuation was significantly contradictory…
The 30 Densest Countries on Earth Today
There are an estimated 50.1 million miles of land area globally, and not all of it is inhabitable. While land is an inherently limited resource, demand for it is only growing. The number of people worldwide has more than doubled over the last six decades, from 3.0 billion to nearly 8 billion, according to the…
Is Dune A Copy Of Our Real World
Is Dune A Copy Of Our Real World By Michael Every of Rabobank The Golden Path USD/JPY is at 155, a fresh 34-year high, with the Yen slumping 10.2% year-to-date and suggestion that intervention may not come until we get to 160, a level last seen in 1986. USD/CAD is off recent lows at 1.37…
In First, 17 Nations Release Joint Statement Demanding Hamas Release All Hostages
In First, 17 Nations Release Joint Statement Demanding Hamas Release All Hostages Hamas has rejected an urgent formal plea from world leaders to release all remaining Israeli hostages, with the designated terror group telling the West “you can’t force us to do anything.” Earlier on Thursday the US was among a group of 17 countries…
This is the Most Common Gun Type Owned in Your State
It has been almost 90 years since President Franklin Roosevelt signed the National Firearms Act into law. The National Firearms Act specifies that certain types of firearms need to be registered with the Secretary of the Treasury and that their owners are subject to a $200 tax. The types of weapons covered by the law…
5 Best Ways To Avoid Falling Into Debt
It can be easy to fall into crippling debt if you’re not careful. And it can be immensely difficult and emotionally stressful to get out of it. But by taking a few precautions, you can avoid falling into debt while potentially improving your credit score and developing good financial habits in the process. So here…
Russia To Seize $440 Million From JPMorgan
Russia To Seize $440 Million From JPMorgan Seizing assets? Two can play at that game… Just days after Washington voted to authorize the REPO Act – paving the way for the Biden administration confiscate billions in Russian sovereign assets which sit in US banks – it appears Moscow has a plan of its own (let’s…
Turning Passions Into Interests
This post Turning Passions Into Interests appeared first on Daily Reckoning. “He’d Give You The Shirt Off His Back.” To me, the above quote describes a nice, poor person. There’s nothing wrong with that, but I never understood why that compliment was the highest you could give a man. It’s almost like saying, “He’s a…