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

At the very moment a Russian warship has docked in Cuba — a mere one hundred miles off the American coast, Russian Deputy Foreign Minister Sergei Ryabkov has slammed US build-up of its weapons systems in Europe by invoking comparisons to the 1962 Cuban missile crisis.  Ryabkov made his comments early Monday, the same day the frigate Admiral Gorshkov,… Read More

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

Porsche recently announced that it would be recalling over 100,000 vehicles in the U.S. and Canada due to a risk of “fooling drivers into believing the transmission is in park”, and rolling away, according to Car Complaints. While a driver can move the gear shift to the “Park” position, and even remove the ignition key… Read More

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

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

Authored by Lance Roberts via RealInvestmentAdvice.com, 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

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

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

Shocking video purporting to show an acid attack in progress went viral after it was uploaded to the internet. Though over the weekend it was unclear exactly what had happened in the dramatic footage showing two men throwing something into a vehicle on a London roadway, after which two victims frantically got out of their… Read More

Authored by Thomas Kirchner and Paul Hoffmeister via CamelotPortfolios.com, 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

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

Authored by Kit Knightly via Off-Guardian.org, 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, 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

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