It’s Going Down! Explosions Rock Iran’s Coast; Trump Vows to “Finish Them”, UFO Disclosure Speech

Another US Strike Wave On Iran Commences: Reports After 11pm Tehran time, there are fresh reports of explosions across multiple locations along Iran’s coast, coming from several regional sources: Explosions heard in Bandar Abbas and Sirik in the south of the country Explosions heard in several areas of Hormozgan, Al Jazeera reports; Air defenses activated …

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SK Hynix US Offering Is More Than 7 Times Oversubscribed – Bloomberg

SK Hynix US Offering Is More Than 7 Times Oversubscribed – Bloomberg Bloomberg reported that SK Hynix Inc.’s US listing is more than seven times oversubscribed, according to people familiar with the matter, as the South Korean memory chipmaker prepares to price its offering Thursday. The sale of 177.9 million American depositary receipts has attracted …

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Hate to break it to you, your home is WILDLY overpriced

Hate to break it to you, your home is WILDLY overpriced pic.twitter.com/D82Rxm6uZ5 — Darth Powell (@VladTheInflator) July 7, 2026 Every 1% increase in mortgage rates cuts buying power by ~10%. 3% mortgage → $1,600/mo 8% mortgage → $2,900/mo That’s a 74% payment increase. Incomes didn’t rise 74%. That’s why housing affordability collapsed. — Jon Brooks …

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Trump stirring Iran stuff to shake out the market and set up a bigger rally. Nvidia $NVDA looks ready for a technical bounce, along with all the others.

Expect chop then higher moves if the dip plays out as planned. Trump is doing this for one reason and one reason only: Markets have stalled at these levels, the AI trade is getting deleveraged. Put/Call ratio is at record lows = Nobody is short. He needs a dip and ensuing VIX spike in order …

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Indian born leaders run big US tech firms and take jobs from Americans

Satya Nadella at Microsoft, Sundar Pichai at Google and others born in India now run major firms. Companies move engineering and support roles overseas to cut costs. H-1B visas bring in foreign workers often at lower wages than US talent. Recent layoffs at Microsoft and Xbox paired with new visa filings fuel replacement claims. Without …

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Wall Street finally likes Chipotle after the stock got cut in half

This is how the game usually works. Nobody wanted to chase Chipotle near the highs. Now the stock is down roughly 46%, and suddenly it’s a “rare valuation opportunity.” JPMorgan just upgraded the stock to overweight. The timing is interesting. Chipotle spent four straight quarters losing customer traffic. It posted its first annual same store …

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Apple announces chip deal with Broadcom worth more than $30 billion

Apple (AAPL) on Wednesday announced it has entered into a chip deal valued at more than $30 billion with Broadcom (AVGO). Under the terms of the deal, Broadcom will design and produce “custom silicon components and cutting-edge wireless connectivity technologies” for Apple products. The news comes after Broadcom filed paperwork with the Securities and Exchange …

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Your car is being logged every time it passes one of these cameras

Flock cameras scan up 20 billion plates a month. Tell me again how this isn’t a nationwide tracking system. Answer the questions @glangley 🤌 pic.twitter.com/oeqWHrnBic — Jason Bassler (@JasonBassler1) July 7, 2026 I think a lot of people still believe these cameras just catch stolen cars. That’s only part of the story. Flock Safety has …

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Trump says we already have Iran’s nuclear materials.

Trump on Iran: "We've already got the nuclear material" pic.twitter.com/5YEiWp3TXu — Aaron Rupar (@atrupar) July 8, 2026 I’m confused. Also today: Trump: Any time we hit Iran, oil goes up a little bit. It's all right. We're de-nuking it. We're de-nuking Iran. pic.twitter.com/Yva8TBkzJm — FactPost (@factpostnews) July 8, 2026 AC

The government just spent $1.5 billion buying two private detention centers

This isn’t another contract. The government bought the facilities. CoreCivic sold two of its biggest California detention centers to the Department of Homeland Security for $1.5 billion in cash. That number caught my attention. Washington didn’t lease more space. It bought the infrastructure. The facilities were already being used for immigration detention. Now DHS owns …

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Why are Western political classes ignoring the rise in debt costs?

via notayesmanseconomics One of my main themes is that the western political structure seems unable to wean itself off a policy of fiscal stimulus and largesse.There were the extraordinary spending efforts in the Covid pandemic which you might reasonably think would  be followed by some retrenchment. But that has not happened and we have seen …

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Secretary of State Marco Rubio announced plans to let Americans use their phone or laptop camera to capture passport photos from home

Your next passport photo could be taken in your living room. Secretary of State Marco Rubio announced plans to let Americans use their phone or laptop camera to capture passport photos from home instead of visiting CVS, Walgreens, or another photo service. The State Department says the images would be verified in real time using …

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Wow. For the first time I have ever seen, 200/200 of the largest insider trades over the week were all SELLS. This is absolutely not normal.

Wow. For the first time I have ever seen, 200/200 of the largest insider trades over the week were all SELLS. This is absolutely not normal. pic.twitter.com/SA7vE3JxWe — Kevin Malone (@Malone_Wealth) July 8, 2026 It can't be a coincidence, the day after every American is encouraged to buy stocks the entire market begins its downturn. …

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America’s Credibility Problem Isn’t Just Financial

via gainspainscapital The U.S. is looking poorly on the global stage. For one thing, the debacle in Iran is dragging on far too long. Iran’s military capabilities are nowhere near the level of the U.S. And while the U.S. has crippled Iran’s navy, air force, and most of its missile defense systems, the latter nation …

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Germany is seeing features of a Japan style lost decade

via notayesmanseconomics The economic problems of Germany have been an issue for some years now. Regular readers will recall the period around 2018 when notable downwards revisions to the economic growth or GDP numbers rather changed the mood. Things went from being part of what was considered to be the Euro Boom at the time …

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“This Is Punishment” – Does The Massive Wave Of U.S. Airstrikes In Iran Mean That The Next Chapter Of World War III Has Begun?

by Michael As I write this article, large explosions are being reported all over Iran. Does this mean that the “Memorandum of Understanding” is doomed? Iran made a very foolish move when it decided to start attacking commercial vessels in the Strait of Hormuz again. It was inevitable that the U.S. would respond militarily, and this time …

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Subsidies make things expensive, neglect makes them cheap

Healthcare, college tuition, and childcare prices exploded with heavy government involvement. TVs, smartphones, and clothing prices collapsed through market competition. Subsidies create donor lobbies that push costs higher. Neglected sectors face real competition and innovation pressure. Pattern holds across decades of data on price changes. Everything government subsidizes gets expensive, from medical to college to …

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The Pentagon is spending millions to make sure it never runs short of munitions again

This isn’t about one chemical plant. It’s about what the Pentagon thinks it may need for years to come. Alzchem Group AG is building a $150 million nitroguanidine plant in Bushy Park, South Carolina. Nitroguanidine isn’t a household name. But it is a critical ingredient for modern military propellants. No propellant. No steady flow of …

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