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After July’s rebound to pre-war levels, a re-escalation in the MidEast (and soaring fuel costs) sent confidence back towards YTD lows. Preliminary September data was expected to show UMich headline sentiment sliding further. ‘Slide’ is not exactly how we would describe preliminary September confidence data’s collapse (headline from 51.7 to 47.8 vs 51.0 exp). The current conditions …
President Trump on Wednesday told reporters to expect more US attacks on Iranian tankers, as the war over the Hormuz Strait continues to escalate in piecemeal tit-for-tat fashion. “The attacks are made by us. We’ve knocked out nine of their ships. I would say that the attacks are caused by us, and you’re going to see a …
Veteran commodities strategist Jeff Currie has spent the summer warning that scarcity in physical commodity markets is becoming a persistent source of inflationary pressure and giving way to a commodities supercycle. After appearing on CNBC on Thursday, he joined Bloomberg Television on Friday morning to amp up that message, warning that tightening crude products supplies make $5-a-gallon US gasoline …
Jeff Currie Warns Odds Of $5 Gas By Midterms Are “Extremely High” Read More »
Following fuel-driven jump in Producer Prices, consensus was for a concomitant jump MoM in Consumer prices this morning, after last month’s decline as energy prices have rebounded (though we warned that amid all the interventionist-y chatter, nothing would surprise us less than ‘cool’ print to offset the PPI scare). And analysts were right with headline CPI rising 0.4% MoM (exactly …
Rate-Hike Odds Soar Despite Lowest Core Consumer Price Inflation Since 2021 Read More »
Bill Clinton‘s White House was warned that Osama bin Laden wanted to crash a bomb-packed plane into an American city three years before the hijackers struck, explosive CIA files reveal. The warning was a part of a September 10, 1998 report prepared for senior Clinton officials cleared to read the then-president’s most secret morning intelligence digest, according …
An illegal alien released under the Biden administration has been accused of executing a California woman in cold blood at a shopping center after she tried to run away from him. Law enforcement said the suspect had been stalking the 38-year-old victim for months, according to a news release from the Department of Homeland Security. The agency …
Trump’s top immigration official claims an internal investigation found that Congresswoman Ilhan Omar ‘married her brother’ and could be facing deportation. ‘We know that she married her brother to try to bring him into the United States,’ Department of Homeland Security Secretary Markwayne Mullin said of the Minnesota Democrat. ‘We know he lives now in London.’ He …
The price of diesel is hitting record highs just when many U.S. farmers need it to power combines, tractors and other equipment to harvest two of the nation’s largest commodities, soybeans and corn. The spike adds to an already tough year for these farmers, who also faced higher costs for fertilizer, seeds and equipment. Diesel …
Diesel Prices Hit Record Highs at Bad Time for Farmers Read More »
A quaint Maryland suburb is being plagued by a rotten stench so overpowering residents say they are unable to leave their homes. Dundalk residents gathered at an explosive town hall meeting on Thursday night where they passionately voiced their anger about the strong sewage odor coming from a Back River Wastewater Treatment Plant. The situation had become …
Screenshot On the 25th anniversary of the September 11 attacks, CIA Director John Ratcliffe released 71 President’s Daily Brief documents spanning from February 1998 through the morning of September 12, 2001. This is the largest public dump of 9/11-related presidential intelligence the Agency has ever made. The collection, which includes more than 100 pages of heavily redacted …