The United States has had stronger-than-expected growth, leading the World Bank to upgrade its outlook on the global economy this June. America’s economy is the world’s biggest, comprising 80% of the World Bank’s outlook. The deputy chief economist stated, “U.S. growth is exceptional.” There are many ways to measure the factors that impact the global,…
Category: Economy
This AI Stock Is Like Buying Microsoft in 1996
24/7 Insights: Wayfair (NYSE: W) is an e-commerce retailer that’s fallen considerably from its post-pandemic peak. The company’s more than 80% decline is tied to macro trends, but also deteriorating fundamentals over time. Here’s why this online retailer could be an AI wildcard investors are likely overlooking. Wayfair (NYSE: W) could be the last company investors think…
Key Events This Holiday-Shortened Week: Retail Sales, Housing And PMIs
Key Events This Holiday-Shortened Week: Retail Sales, Housing And PMIs In terms of the holiday-shortened week ahead, the main data highlights are US retail sales tomorrow, UK CPI on Wednesday, and Japanese inflation and the global flash PMIs on Friday. For central banks, we have meetings concluding in Australia (tomorrow), UK, Switzerland and Norway (Thursday)…
French Markets Stabilize After Le Pen Says She’ll Work With Macron In Appeal To French Moderates
French Markets Stabilize After Le Pen Says She’ll Work With Macron In Appeal To French Moderates In a bid to shore up political support from the centrists, over the weekend France’s surprise political leader Marine Le Pen – who blew president Macron away in the European Parliament elections – assured that she would work with…
The Real Story Behind the Fed’s “Soft Landing” Narrative
The Real Story Behind the Fed’s “Soft Landing” Narrative Authored by Ryan McMaken via The Mises Institute, The Federal Reserve’s Federal Open Market Committee (FOMC) last week left the target policy interest rate (the federal funds rate) unchanged at 5.5 percent. The target rate has now been flat at 5.5 percent since July of 2023—as…
6 of Wall Street’s Favorite High-Yield Blue Chip Dividend Stocks to Buy in June
24/7 Insights Quality dividend stocks can generate solid total returns and yield passive income. Stocks that pay dependable dividends should be in demand when interest rates drop. Access 2 legendary, high-yield dividend stocks Wall Street loves. Since 1926, dividends have contributed approximately 32% of the total return for the S&P 500, while capital appreciations have…
Warner Bros Discovery Falls Apart
24/7 Insights Warner Bros. Discovery Inc. (NASDAQ: WBD) stock has tumbled in the past year. The media giant’s challenge is that it has several problems that it has been unable to solve. Warner Bros. Discovery Inc. (NASDAQ: WBD), a merger of AT&T’s media assets and Discovery’s, was supposed to have the assets to make it…
Microsoft Rally in Trouble
24/7 Insights Microsoft Corp.’s (NASDAQ: MSFT) perceived lead in artificial intelligence may be slipping away. Among the largest tech companies, Microsoft Corp. (NASDAQ: MSFT) has been viewed as the artificial intelligence (AI) leader because of its huge investment in OpenAI, totaling $15 billion over the past two years. This lets it flank rivals, particularly Alphabet,…
Why some franchises go downhill while others stay great
Warning: This post contains spoilers for a number of popular science fiction and fantasy entertainment franchises. You know, I was writing a post about some substantive econ stuff, and halfway through I realized that my original thesis wasn’t really supported by the data. So, being a writer of great laziness intellectual honesty, I decided to…
We Can Be Lied To About Anything
Here’s a noncontroversial statement: Joe Biden is unfit to be President of the United States. Democrats know it, Republicans know it, people in the media know it, other world leaders know it, you know it, and I know it. Putting aside your partisan biases for a second, think of the endless“Just do us a favor…
Russia Overtakes U.S. As Gas Supplier To Europe
Russia Overtakes U.S. As Gas Supplier To Europe According to some of the more cynical elements out there, the entire Ukraine war as orchestrated by Victoria Nuland and various energy-tied elements in the deep state, was meant to do one thing: replace Russia with the US as the primary supplier of European gas (and the…
European Mutiny At The Illiberal Order
European Mutiny At The Illiberal Order Submitted by Alastair Crooke, I have been writing for some time that Europe (and the U.S.) are in a period of alternate revolution and civil war. History warns us that such conflicts tend to be extended, with peak episodes which are revolutionary (as the prevailing paradigm first cracks); yet…
“Don’t Buy Into This Crap”, Catherine Austine Fitts Warns “AI Is Digital Control”
“Don’t Buy Into This Crap”, Catherine Austine Fitts Warns “AI Is Digital Control” Via Greg Hunter’s USAWatchdog.com, Catherine Austin Fitts (CAF), Publisher of The Solari Report, financial expert and former Assistant Secretary of Housing (Bush 41 Admin.) is sounding the alarm about Artificial Intelligence (AI) and how it will impact your world in very negative ways. …
“Don’t Buy Into This Crap”, Catherine Austine Fitts Warns “AI Is Digital Control”
“Don’t Buy Into This Crap”, Catherine Austine Fitts Warns “AI Is Digital Control” Via Greg Hunter’s USAWatchdog.com, Catherine Austin Fitts (CAF), Publisher of The Solari Report, financial expert and former Assistant Secretary of Housing (Bush 41 Admin.) is sounding the alarm about Artificial Intelligence (AI) and how it will impact your world in very negative ways. …
What Actually Led to Russia’s Invasion Of Ukraine?
“They don’t give a sh*t about telephone guys. I mean it’s like us with the Ukrainians … they’d never bother a major over a few dead grunts.” Koulikov (Ron Perlman) It was a throwaway line in an inaccurate World War Two film yet Enemy at the Gate’s quip about Russia’s troublesome past with Ukraine was…
The Changing Nature Of Nuclear Deterrence
The Changing Nature Of Nuclear Deterrence Submitted by Tuomas Malinen of GnS Economics Issues discussed: Tactical vs. strategical nuclear weapons. Mutually asserted destruction (MAD) as the foundation of nuclear deterrence. The shaky foundations of modern nuclear deterrence, and growing risk of a tactical nuclear strike. When I was around eight years old, my baby-sitter let…
Japan Grants Asylum To Just 303 People In 2023 As It Rejected 98% Of Applicants
Japan Grants Asylum To Just 303 People In 2023 As It Rejected 98% Of Applicants Japan granted refugee status to a ‘record’ 303 asylum-seekers in 2023, an increase from the previous record of 202 people set in 2022, the Justice Ministry announced last week. Beyond this, two foreign nationals were granted quasi-refugee status for ‘fleeing…
20% Of California Lives In Poverty; What’s Going On?
20% Of California Lives In Poverty; What’s Going On? Authored by Mike Shedlock via MishTalk.com, On a cost-adjusted basis, California leads the nation in percentage living in poverty. Blame the Progressive oligarchs like Governor Newsom. Unemployment rates from the BLS through April. State level data lags by one month. Chart by Mish. Warning to the…
Bonus Weekly Reading for June 16, 2024
Two more articles, one I read late in the week and one I read this morning, are too good to pass up. The Dark Side of Alexander Hamilton by Jeffrey Rogers Hummel, Reason, July 2024. This is Jeff Hummel’s review of William Hogeland, The Hamilton Scheme: An Epic Tale of Money and Power in…
Obama And Kimmel Puppet Biden Through $30 Million LA Fundraiser As Trump Dazzles Detroit
Obama And Kimmel Puppet Biden Through $30 Million LA Fundraiser As Trump Dazzles Detroit President Joe Biden was flanked by Barack Obama and Jimmy Kimmel Saturday night for what turned out to be a record-setting $30 million fundraising haul headlined by Obama, George Clooney and Julia Roberts. Following the Alex Soros blueprint, instead of talking…
An Army Special Forces Veteran Creates American Flags That Don’t Burn
An Army Special Forces Veteran Creates American Flags That Don’t Burn By Blake Stilwell if Military.com In many ways, Kyle Daniels is your typical Midwestern American. He grew up in a patriotic household, many of his family members joined the military, and his father was very meticulous about flag etiquette — probably more so than…
“Possible Chemical Agent” Released At Pride Event In Baltimore
“Possible Chemical Agent” Released At Pride Event In Baltimore The Baltimore City Police Department is investigating a “possible chemical agent” released at a Pride event Saturday evening in the downtown area that sparked a “mass exodus.” Local media outlet Capital Gazette said a “possible chemical agent” and fireworks were released during the Baltimore Pride parade around 830 pm local time. Baltimore…
“There Seems To Be A Sense Of Incredulousness Around What Is Going On In The Markets”
“There Seems To Be A Sense Of Incredulousness Around What Is Going On In The Markets” By Peter Tchir of Academy Securities Same but different A few topics that we have touched on over the past few months continue to be relevant. What is interesting is that a few of those topics now seem to…
Eight Israeli Soldiers Killed In One Of Single Deadliest Incidents Since Oct 7
Eight Israeli Soldiers Killed In One Of Single Deadliest Incidents Since Oct 7 The Israel Defense Forces (IDF) on Saturday suffered a mass casualty event in southern Gaza after a Hamas attack scored a direct hit on an armored vehicle which was carrying a group of soldiers. Eight Israeli solders were killed after the infantry…
3 AI Stocks to Buy If You Missed NVIDIA’s Post-Split Rally
NVIDIA‘s (Nasdaq: NVDA) stock keeps soaring after its split. The company closed Friday at $131.88, and its shares are now up a whopping 39% since the company reported earnings. Let me repeat that so it can sink in, NVIDIA closed at an adjusted price of $94.95 on May 22nd before it reported earnings after hours…
3 AI Stocks to Buy If You Missed NVIDIA’s Post-Split Rally
NVIDIA‘s (Nasdaq: NVDA) stock keeps soaring after its split. The company closed Friday at $131.88, and its shares are now up a whopping 39% since the company reported earnings. Let me repeat that so it can sink in, NVIDIA closed at an adjusted price of $94.95 on May 22nd before it reported earnings after hours…
4 High-Yield Dividend Energy Stocks to Buy Hand-Over-Fist in June
24/7 Insights West Texas Intermediate crude is trading at the lowest level since late January. Confusion over OPEC+ intentions may have spooked the market. Access 2 legendary, high-yield dividend stocks Wall Street loves. While most investors have been fixated on the parabolic rise of the Nasdaq, the S&P 500, and Bitcoin, hardly any big money…
Musk Says “Eliminate Electronic Voting Machines” After Dominion’s Puerto Rican Imbroglio
Musk Says “Eliminate Electronic Voting Machines” After Dominion’s Puerto Rican Imbroglio Elon Musk on Saturday suggested that electronic voting machines should not be used in elections, as “The risk of being hacked by humans or AI, while small, is still too high.” Musk was responding to the recent news that Puerto Rico is ‘reviewing’ their…
“Worst He’s Ever Been” – G7 Dignitaries Admit Biden Was “Losing Focus”
“Worst He’s Ever Been” – G7 Dignitaries Admit Biden Was “Losing Focus” Authored by Steve Watson via modernity.news, A report quoting insiders at the G7 summit this past week has warned that Joe Biden struggled to focus at the meeting of world leaders in Puglia, Italy. According to one source, Biden is “the worst he’s ever been,”…
‘Annexation & Elimination’ Of Taiwan Is China’s Great National Cause, President Lai Says
‘Annexation & Elimination’ Of Taiwan Is China’s Great National Cause, President Lai Says Taiwan’s recently installed new President William Lai Ching-te issued a blistering critique of China in a speech on Sunday while calling on Taiwan’s people to resolutely determine their own fate. He addressed cadets and officers at the Whampoa Military Academy in Kaohsiung,…
One In Three People Are Boycotting Brands Over Gaza War, Poll Finds
One In Three People Are Boycotting Brands Over Gaza War, Poll Finds Via Middle East Eye More than one in three people say they are boycotting a brand viewed as supporting a side in Israel’s war on Gaza, with oil-rich Gulf states and large Muslim-majority countries leading the way. The latest edition of an annual Trust Barometer…
The Possibility of Despotism in America
Economics is interested in despotism and tyranny if only because the profile of government interventions depends, at least partly, on the nature of the political regime. Moreover, the recent school of constitutional political economy analyzes alternative constitutional arrangements. Last but not least, economists have analytical tools to study the consequences of government intervention or non-intervention….
Watch: Badly Wounded Gordon Ramsay Shows Off Massive Bruise, Says Bike Helmet Saved His Life
Watch: Badly Wounded Gordon Ramsay Shows Off Massive Bruise, Says Bike Helmet Saved His Life Gordon Ramsay has taken to social media to tell “all the dads out there” that they need to wear a helmet, after the 57-year-old celebrity chef was involved in a massive cycling accident in Connecticut. “I don’t care how short…
Prepare For The Repricing Of Risk Globally
Prepare For The Repricing Of Risk Globally Authored by Charles Hugh Smith via OfTwoMinds blog, There are no more “saves” available for the next market meltdown. The past 24 years can be viewed as an era in which risk declined due to the dynamics of globalization and financialization. The ascent of China as “workshop of…
10 Life Lessons From Yogi Berra Everyone in Their 40s Should Hear
Lawrence Peter “Yogi” Berra was best known for his position as catcher on the New York Yankees. However, many fans also remember him for his philosophical, often comical, quotes and tokens of advice. We’ve already compiled a list of Yogi Berra’s life lessons for people in their 70s, so here are 10 life lessons from…
10 Life Lessons From Yogi Berra Everyone in Their 40s Should Hear
Lawrence Peter “Yogi” Berra was best known for his position as catcher on the New York Yankees. However, many fans also remember him for his philosophical, often comical, quotes and tokens of advice. We’ve already compiled a list of Yogi Berra’s life lessons for people in their 70s, so here are 10 life lessons from…
North Korea Reportedly Sending Shipments Of 5 Million Artillery Shells To Russia
North Korea Reportedly Sending Shipments Of 5 Million Artillery Shells To Russia North Korea has recently sent containers to Russia that could hold as many as 4.8 million artillery shells, South Korean Defense Minister Shin Won-sik said in an interview with Bloomberg published on June 14th. Seoul spotted at least 10,000 containers being shipped from…
Sick Of The “Grotesque Game Of Pretend” Being Played Around Joe Biden…
Sick Of The “Grotesque Game Of Pretend” Being Played Around Joe Biden… Authored by Jim Kunstler via Kunstler.com, “Biden is not well. Everyone knows this even those who support him… the difference is they don’t care and that’s the most frightening aspect of this situation.” – Edward Dowd They’re kidding, right? That “Joe Biden” is…
Education Nightmare: Baltimore & Chicago Public Schools Spend, Spend, Spend As Test Scores Drop
Education Nightmare: Baltimore & Chicago Public Schools Spend, Spend, Spend As Test Scores Drop Baltimore City and Chicago Public Schools are spending taxpayer monies like there’s no tomorrow, yet math and reading test scores are shockingly low. Radical leftists, who are embedded in these school systems, along with the officials in City Halls in these respective imploding metro areas,…
Avoid All Furniture Brands Except These 12
There are almost countless options when it comes to buying new furniture. There are stores with physical locations, online-only, and secondhand stores. In a consumer environment where the convenience of same-day free shipping is the easiest, but not the most ethical choice, it can be really tempting to buy a cheap, low-quality, ethically ambiguous sofa…
Avoid All Furniture Brands Except These 12
There are almost countless options when it comes to buying new furniture. There are stores with physical locations, online-only, and secondhand stores. In a consumer environment where the convenience of same-day free shipping is the easiest, but not the most ethical choice, it can be really tempting to buy a cheap, low-quality, ethically ambiguous sofa…
Big Warren Buffett Purchase Highlights Recent Insider Buying
24/7 Insights Warren Buffett has purchased more of his favorite energy stock. Other notable insider buying in the past week came from CEOs. The past week saw some sizable insider purchases, highlighted by Warren Buffett bulking up on his favorite energy stock. A couple of chief executive officers showed faith in their companies, and an…
Germany Could Soon Be Screening 18-Year-Olds To Boost Military Recruits
Germany Could Soon Be Screening 18-Year-Olds To Boost Military Recruits Authored by Dénes Albert via ReMix News, The war in Ukraine has Europe on edge, and German Defense Minister Boris Pistorius is proposing a new model of military service. German Chancellor Olaf Scholz, right, talks to Defense Minister Boris Pistorius prior to the weekly cabinet…
My Weekly Reading for June 16, 2024
Some highlights of my weekly reading. Most Palestinians Don’t Want Hamas Rule, Poll Shows by Matthew Petti, Reason, June 13, 2024. Excerpt: The Palestinian Center for Policy and Survey Research (PCPSR) released its latest poll data from the West Bank and Gaza on Wednesday. It turns out that Palestinians are unhappy with all of the current…
This American City Is “Impossibly Unaffordable”
The Demographic International Housing Affordability Report examines home prices worldwide. Its metrics indicate that some are “impossibly unaffordable.” Several US cities make the list, led by San Jose, which is also on several other lists of places where housing prices are highest in America. The median price-to-income ratio is the metric to pick “impossibly unaffordable”…
Nashville Journalist Faces Jail Time Over Trans School Shooter Manifesto Leak
Nashville Journalist Faces Jail Time Over Trans School Shooter Manifesto Leak A public records case over a leaked manifesto belonging to Audrey Hale, a transgender individual who shot up the Covenant School in a Nashville suburb – killing three 9-year-old children and three adults, has spiraled into a contentious legal battle which could see a…
Disney Shareholders Continue To Suffer
A look at the Walt Disney Co (NYSE: DIS) stock chart shows how long investors have suffered. The shares trade below the S&P 500 year to date, for the last year, and for the most recent two-year period. Despite a very few bright spots, CEO Bob Iger has been unable to pull Disney’s dismal results…