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From the start, the U.S.-Israeli war on Iran has been a story of unintended consequences. Contrary to President Donald Trump’s hopes for a quick victory, the conflict has morphed into a sustained crisis, one that has driven up oil prices, driven down tourism in the Middle East, and reshaped the region’s geopolitical map. Now, a new unintended consequence has …
Somali Piracy Was Under Control, Then Came The Iran War… Read More »
Fox News stars and friends of Andrew Wimsatt expressed sadness and shock on social media Thursday at the news of his brutal murder in Austin, Texas. Host Greg Gutfeld wrote on X, “This person was murdered this week in Austin Texas. He was one of the sweetest most helpful persons I’ve ever met. Supremely gentle. …
Fox News Stars Mourn the Brutal Murder of a Beloved ‘Fan Who Became a Friend’ Read More »
An unimaginably horrific crime occurred on Monday in Austin, Texas, area and not enough people are talking about it. And it’s a crime Texas voters might want to be thinking about when they make their way to the ballot box this November to choose a new senator. A 62-year-old man had just visited his mother …
The push follows President Donald Trump’s executive orders renaming the Gulf of Mexico and Lake Ontario Pennsylvania state Rep. David Maloney, a Republican, is asking President Donald Trump to rename Lake Erie to “Lake Pennsylvania” following similar renaming efforts by the president. Maloney is preparing a resolution calling on Trump, Interior Secretary Doug Burgum and lawmakers on …
Pennsylvania lawmaker suggests Trump should rename Lake Erie to ‘Lake Pennsylvania’ Read More »
With DOGE disbanded more than a year ago, and tariffs struck down by the Supreme Court, the US is no longer even pretending that there is any hope to normalize spending, or any kind of happy ending to the US debt trajectory. At 2pm today the US Treasury published the latest, August, monthly budget deficit data, …
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 …