Trump Slams Iran's "Ignorant, Insulting" Statement, Warns Any Further Attacks Will Mean "Obliteration"

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After Iran unceremoniously slammed the door on diplomacy, President Trump has decided to tweet his perspective on what happens next. <!–[if IE 9]><![endif]–><!–[if IE 9]><![endif]–> Trump began by going after the statement from Iranian leadership, blasting that they don’t “understand the words “nice” or “compassion,” they never have,” adding some threats: “Sadly, the thing they… Read More

Washington’s Deafness Will Get Us All Vaporized

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Washington’s Deafness Will Get Us All Vaporized  The post Washington’s Deafness Will Get Us All Vaporized appeared first on Source:

Blain: "We're Nearing The Moment When Everyone Tries To Exit The Bond Market At The Same Time – It Will Be 2007 Again"

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Blain’s Morning Porridge, from Bill Blain of Shard Capital “They agreed that it was neither possible nor necessary to educate people who never questioned anything.” Apologies about y’day’s outstandingly bad Typo! I was wrong when I wrote the volume of negative yielding Global Debt is around $12.5 bln. It is around $13 trillion! What’s a… Read More

New Home Sales Crash In May To Weakest Since 2018

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After existing-home-sales rebounded modestly in May, hope was high that lower mortgage rates would spark a renaissance in the US housing market… but a shocking 7.8% crash in new home sales in May has blown that narrative out of the water. Against expectations of a 1.6% MoM rise, new home sales plunged 7.8% in May… Read More

10Y Tumbles Below 2.00% As Stocks Fail At Friday Cliff-Edge Again

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2019 06 25 6 41 45

Just a quick note to show the various attempts to lift stocks in the last 24-48 hours continue to fail… Dow futs back at Friday’s lows… <!–[if IE 9]><![endif]–><!–[if IE 9]><![endif]–> We’re gonna need more quad witches. And 10Y Yields are slumping back towards post-Fed lows, back below 2.00%… <!–[if IE 9]><![endif]–><!–[if IE 9]><![endif]–> However,… Read More

Case-Shiller Home Price Appreciation Slows For 13th Straight Month

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Home price appreciation in the 20 largest US cities has slowed for 13 straight months, with Case-Shiller reporting that April’s (the latest data) home price growth was just 2.5% YoY – the weakest since August 2012. Month-over-month, home prices were unchanged (worse than the expected 0.1% gain) <!–[if IE 9]><![endif]–><!–[if IE 9]><![endif]–> Nationally, home prices decelerated to… Read More

Boeing Now Parking Grounded 737 MAX Planes In Car-Lots

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Scores of grounded Boeing 737 MAX planes are lined up at two company facilities, and both locations now resemble airfield parking lots. And it looks at though space is at a premium, because Boeing is also parking its planes in conventional car parking lots. Video was captured by KING 5 NBC showing grounded airliners in car parking lots… Read More

Rate-Cuts May Not Be Enough

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Authored by Lance Roberts via, For the fourth time, since the end of 2017, the market has set an all-time high. Each previous all-time high has led an almost immediate sell-off.  Will this time be different? Such is the belief currently which is being driven primarily by the “Pavlovian” response of a more “accommodative” Federal Reserve which is… Read More

The Diminishing American Economy

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The Diminishing American Economy Paul Craig Roberts Support Your Website  Since June 2009 Americans have lived in the false reality of a recovered economy.  Various fake news and manipulated statistics have been used to create this false impression.  However, indicators that really count have not supported the false picture and were ignored. For example,… Read More

Abbvie To Buy Allergan For $60 Billion In Latest Pharma Megadeal

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Just months after Bristol-Myers Squibb and Celgene announced one of the biggest drug industry tie-ups in recent memory back in January, another pharmaceutical industry megadeal has landed. WSJ reports that Abbvie Inc. is nearing a deal to buy Allergan for more than $60 billion, according to people familiar with the matter, as the two big drugmakers… Read More

New Sanctions Mean Path To Diplomacy Closed "Forever", Iran Warns

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Despite the fact that Washington had already sanctioned more than 80% of Iran’s economy, so the notion that Ayatollah Ali Khamenei and other senior Iranian officials still have any exposure to the Western financial system is a little ridiculous, President Trump delivered on his promise to impose new sanctions on the Supreme leader and other… Read More

The Slow Return Of Eurosclerosis

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Authored by Thomas Kirchner and Paul Hoffmeister via, With protests by yellow vests in France approaching their six month anniversary and the European economy showing signs of not a temporary dip, but prolonged weakening, it is a good moment to take a step back and analyze the current situation as well as its implications… Read More

Germany Can't Locate Scores Of ISIS Fighters Who May Have Slipped Back Into The Country

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The German government can’t locate over 160 German “Islamic State” sympathizers who left home to fight with the terrorist organization and may have returned to Germany, according to Welt am Sonntag.  <!–[if IE 9]><![endif]–><!–[if IE 9]><![endif]–> The Federal Ministry of the Interior speculates that most of them were likely killed in combat, but that they could have “succeeded… Read More

'BorisGate' Is Beneath Us

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Authored by Kit Knightly via, Whatever you think of BoJo, we mustn’t normalise smear tactics and tabloid nonsense… <!–[if IE 9]><![endif]–><!–[if IE 9]><![endif]–> Three days ago the police were called round to the flat shared by perspective Tory leader, and likely future Prime Minister, Boris Johnson and his girlfriend Carrie Symonds. There had apparently… Read More

China Tests New Helicopter Drone Slated For Service In South China Sea

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2019 06 22 12 58 14

China, having claimed most of the South China Sea for itself, has published a new report that suggests helicopter drones could soon be deployed to its militarized islands. The AV500W vertical take-off and landing unmanned helicopter manufactured by Aviation Industry Corporation of China (AVIC) has completed its first-night operation under challenging conditions, showing that the… Read More

Cockburn: Trump May Be In Too Deep To Avoid War With Iran

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Authored by Patrick Cockburn via The Unz Review, President Trump’s last-minute change of mind over launching US airstrikes against Iran shows that a military conflict of some description in the Gulf is becoming highly probable. His hesitation was most likely less connected with an Iranian surface-to-air missile shooting down a US surveillance drone than with his instinct… Read More