Independent thinking for complex markets and current events
The numbers are in from the Trump financial sideshows now, and they’re a whole lot bigger than the numbers for his national fair, which don’t stand so grand. by David Haggith No headlines are as twisted and amusing to talk about today as those that cover Trump family business ventures and the “Trump State Fair,” …
Cookout for 10 people now costs 73.82 dollars according to Farm Bureau survey. Price up 2.90 dollars or 4 percent from last year. Ground beef pork chops chicken and some sides drove the increase. Per person cost reaches 7.38 dollars the highest ever in the survey. Inflation explains most of the rise with food prices …
Tickets on secondary markets were down by more than 50% from their peak price Not even the U.S. men’s national team playing a home World Cup match is making the Bay Area immune to FIFA’s last-minute price drops across the knockout round. The Americans will take on Bosnia and Herzegovina on Wednesday at Levi’s Stadium, …
Senate in standoff over fiscal transparency and emergency spending. TRUE Accountability Act aims to force agencies to create internal control plans for disasters and crises. Committee demands better accounting on disaster relief funds. Agency wide audits now under heavy scrutiny. Stalling tactics block key budget votes. Transparency becomes big fight against old spending habits. Secret …
Private payrolls grew by only 98k jobs in June according to ADP report. Economists had expected closer to 118k jobs. One retail giant cuts 15k staff to protect margins amid sluggish hiring. Planned layoffs dropped but overall job market stays weak. Unemployment rate holds steady at 4.3 percent for now. Job market is cooling faster …
The internet feels invisible until it stops working. That’s exactly what Singapore is trying to prevent. After recent tech and power disruptions exposed how fragile critical digital infrastructure can be, the government released a public consultation paper today for a new Digital Infrastructure Bill. The message is simple. Keeping data centers online is no longer …
President owning specific company stocks while making decisions that hit those companies is a bad look for trust. Vance way of just holding the whole market feels cleaner and less personal gain from daily news. JD is the responsible one here, He's doing it right by just owning the market overall as a representative of …
by Michael We all knew that this would be coming. In 2026, the rate of AI-related layoffs has greatly accelerated, and that means that large numbers of good paying jobs are suddenly disappearing from the economy. This is occurring when we are already facing one major crisis after another, and so the timing could not be …
Florida legislature passed bill to increase homestead exemption to 250,000 dollars. This removes property taxes on first 250,000 dollars of assessed value for primary residences. Measure goes to voters in November and needs 60 percent yes vote to pass. Higher value homes and non primary properties still pay taxes. Called one of biggest homeowner tax …
Crowded long positions in tech + rising bond yields is a classic warning sign of potential volatility. Record leveraged ETF money shows retail is still very bullish and using max leverage. Extra liquidity from M2 is the main fuel keeping stocks elevated despite warnings. CITI WARNS OF GROWING BEARISH PRESSURE ON NASDAQ Citi says bearish …
🚨 JUST NOW: President Trump CONGRATULATES Chinese President Xi Jinping for "their MASSIVE birthright citizenship WIN!" Chinese birth tourism is going to EXPLODE. There is NOTHING stopping them from popping out a child on US soil, raising him to hate the US in China, and then… pic.twitter.com/Rx2VQAMqIv — Nick Sortor (@nicksortor) June 30, 2026 .@POTUS …
The numbers keep getting bigger. President Trump’s 2025 financial disclosures and related business deals show the Trump family’s crypto ventures generated an estimated $1.2 billion to $2.3 billion in value through meme coins, token sales, stablecoin ventures, and other digital asset businesses. BREAKING: President Trump earned over $1.4 billion in 2025 from crypto and memecoin-related …
by Michael We have witnessed crazy summer weather in the United States before, but this year has been just bonkers. There was snow at the end of June, high winds just shredded a wind farm in South Dakota, there have never been more tornadoes in Illinois, the western half of the country is being plagued …
The Trump administration has joined a lawsuit attempting to stop a first-of-its-kind reparations plan that would compensate Black residents of a Chicago suburb, arguing that its race-based criteria are unconstitutional. The program, in the Chicago suburb of Evanston, offers Black residents and their descendants up to $25,000 for past raced-based housing discrimination. When the city’s …
Pennsylvania lawmakers voted 197–5 to repeal a $517 million annual data center tax exemption. Amazon, Microsoft, and Alphabet stood to benefit despite earning over $100 billion net income annually. Governor Shapiro’s competing GRID standards would tie incentives to environmental and hiring requirements. A 197–5 vote doesn’t happen in a state legislature — not on tax policy, not …
Rand Paul says executive order was never enough to fix birthright citizenship permanently. He already filed a constitutional amendment earlier this year to change it. Rep. Andy Ogles introduced the “Anchors Away Act.” The bill aims to block certain pregnant foreigners from entering the US to give birth. Goal is to stop birth tourism and …
AI capital expenditures has now hit an astounding 8% of GDP! This surpasses every single bubble in history. With most of this buildout funded through private credit & demand driven by circular financing, it's unclear what the consequences will be when the bubble finally pops. pic.twitter.com/M8DkJvCNjK — Financelot (@FinanceLancelot) June 30, 2026 BOFA: HEDGE THE …
US housing inventory growth is accelerating: The monthly supply of new single-family homes rose +1.0 month in May, to 10.3 months, the highest since February 2009. byu/Boo_Randy_Revival inHouseBuyers US Home Prices Drop For 3rd Straight Month byu/Boo_Randy_Revival inHouseBuyers Rising inventory is first sign that high prices and rates are finally breaking seller power. Three straight …
Prices hit lowest point in at least two decades. Price-to-income ratio stuck at very high 21. In Shanghai second-hand homes around 8,000 USD per square meter. Big cities like Beijing saw prices drop sharply from 2018 peaks. 70-80% of Chinese household wealth tied to property. Estimated $18 trillion in wealth destroyed. High homeownership rate over …
Trump, Lutnick's sons stand to gain big profits from billion-dollar mining deal: report https://t.co/doNmv4YMtB pic.twitter.com/cG0vsaz26I — New York Post (@nypost) June 29, 2026 The sons of President Trump and Commerce Secretary Howard Lutnick stand to see a big windfall after businesses tied to the families helped secure a $1.6 billion mining deal in Kazakhstan, according …
Overall Consumer Confidence Index up 0.6 points to 91.2. Present Situation Index down 3.0 points to 116.4. Expectations Index up 3.0 points to 74.4. Data from Conference Board survey released today. Expectations still low and below key recession threshold. Slight improvement but mixed signals on current vs future views. Oil price relief mentioned as one …
Katy Perry released a music video for a new song “Watch It Burn” where she’s sitting inside of a church talking about burning it down. “I light a match, throw it hard behind my back and watch it burn.” When Justin Trudeau was Prime Minister over 100 churches in Canada were… pic.twitter.com/TONvK0WsOI — Harrison Faulkner …
Cybercab with no steering wheel or pedals driving around Austin pic.twitter.com/Oo7uPoOjhp — Elon Musk (@elonmusk) June 30, 2026 Cybercab will change the look of the road. Millions on the road, driving safer than humans and saving lives. pic.twitter.com/gjTrOggZfg — Tesla Owners Silicon Valley (@teslaownersSV) June 30, 2026 TESLA Cybercabs: Houston, TX, 6-27-2026 78 Cybercabs counted …
In the UK, Police officers would have special "cop nights" run by the Pakistani rape gangs where they were allowed to gang rape grooming gang victims as a "Thankyou" for turning the other way. Bring back capital punishment 😡 pic.twitter.com/QObbm7pbol — Lozzy B 🇦🇺𝕏 (@TruthFairy131) June 29, 2026 Factcheck: The grooming gang scandals are real. …
South Korea plans to train every single member of its nearly half-million-strong military to operate drones as easily as they handle personal firearms. That ambitious goal was announced as the South Korean military seeks to maintain a technological edge in its 70-year border standoff with the larger military of a hostile North Korea. The goal …
Something about the AI race keeps bothering me. Every earnings season, the spending gets bigger. The timeline for earning it back stays fuzzy. Microsoft, Meta, Amazon, and Google are pouring hundreds of billions of dollars into AI infrastructure, building data centers, buying GPUs, expanding power capacity, and upgrading networks at a pace the industry has …
The first talks were between Iran and Oman, then between Oman and Qatar, followed by Iran and Saudi Arabia, and finally, Qatar and Saudi Arabia – all aimed at hammering out what regional co-existence would look like once the war dust settled. Such dizzying diplomatic activity is just getting started, with more meetings expected, as …
The southwest border is “more secure than at any point in history,” but Americans are still paying an enormous price for the Biden administration’s unprecedented illegal immigration crisis, including a new multi-million-dollar investment to support the influx of underage migrants still living in the United States. The government calls them Unaccompanied Alien Children (UAC), though …
“A U.S. Coast Guard officer was stopped at gunpoint and held for hours after a dealership mistakenly reported the truck he had just purchased as stolen. This video provides a legal and tactical analysis of body-worn camera footage from July 1, 2025, in Tamarac, Broward County, Florida. The footage was obtained through public records” “Legal …
