In a dramatic break from his party’s hardline conservative base, US House Speaker MIke Johnson this week praised the country’s deep state, named Russia, China, and Iran as an “axis of evil,” and vowed to put his job on the line to funnel more than $60 billion to Kiev.
Robert Farley has replied to my recent post on the obsolescence of naval power. Unlike our previous exchange, a pile-on where I was (as he points out) in a minority of one, Robert’s tone is mostly civil this time, and I intend to reciprocate. Our disagreements have narrowed a fair way. On many points, it’s a matter of whether the glass is half-full or half-empty.
DXY looks to be getting set for break out: AUD virtue signalled a crash: North Asia is going nowhere: Oil virtue signalled an embargo. The gold whale swims on: Wall Street is handing the world another commodity inflation shock: Big miners are heavy underperformers as iron ore struggles: EM stocks yawned: Junk offering hope for
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The latest data on the Chinese property market remains terrible. Via Goldman: Developers are still frozen out of funding markets and focused on completions, not starts. Excavator hours suggest only more downsides for new project starts: Steel demand is down big as well. Steel output is awful: Energy consumption via coal is going nowhere.
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Two articles discussing how state terrorism is applied against environmental activists. The first article from Reporterre tells how state terrorism is used against environmentalists, as in any self-respecting dictatorship, sequestration and torture (beating). The second article is Contre Attaque analyzes the situation and its purpose: to terrorize.
What is Money and why is the creation of Money something which is both fundamentally important to the financial and economic system, while at the same time something almost never considered, with the actual mechanics of it virtually unknown? This is the first of what will be a series of podcast discussions with
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In the latest Reuters/Ipsos Core Political poll, Americans continue to report political extremism or threats to democracy as their top issue facing the country, followed by the economy and immigration.
By Roger Chao The Silent Truth In the tumult of a raging battle, beneath the echoing cries, Where shadows merge with fading lights, the silent truth belies. A world not split by borders, nor by rifles drawn in dread, But bound by shared existence, in the spaces tear-stained red. We gather here as fragments…
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Australian households have already been hit harder than almost anywhere else by rising mortgage rates: This surge in debt servicing costs has helped drive a record decline in Australian household disposable income: Analysis by Reserve Bank of Australia (RBA) economist Benjamin Ung notes that the proportion of home loans with fixed interest rates peaked at
International Reads: Millennials want to retire by 60. Good luck with that. – USA Today The cost of owning a home is officially the highest on record, Redfin says. Here’s how bad it is out there – Fortune Florida sees thousands of people quit their jobs – News Week Dropbox’s CEO says managers mandating returns
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In 2013, I wrote a piece titled, “Climate Change: A layperson’s Dilemma” in which I pointed out the debunked theories of people like Andrew Bolt, Prof Ian Plimer, Tony Abbott, Alan Jones, Barnaby Joyce, Pauline Hanson, Malcolm Roberts, and others who insisted that climate change did not exist. Science won the day, proving beyond doubt…
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Asian stock markets are having a bad end to the trading week due to the Israeli/Iranian conflict across the Middle East, with a strong safe haven bid in USD pushing all of undollars down further. The Australian dollar was trying to rebound after its recent large reversal but failed as it was briefly pushed below
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