Independent thinking for complex markets and current events
Activists in Seattle said app-based gig workers were being exploited. So politicians eagerly came to the rescue with a new $26 minimum wage. The politicians believed companies like Uber and Doordash make so much money they could eat the cost without raising prices. Judge Glock of the Manhattan Institute explains why that’s not true. “Obviously, …
Woman detained after touching Reflecting Pool water while undercover agents patrolled nearby.pic.twitter.com/k8Mk2YuL9j — Clash Report (@clashreport) June 23, 2026 This is the kind of scene that makes people stop and ask what they are watching. A woman at the Lincoln Memorial Reflecting Pool in Washington DC reached into the water and picked up a small …
Foreign ministry spokesman says no plans to allow access This comes right after US claims of a deal or breakthrough BREAKING 🔴 Iranian Foreign Ministry spokesman Esmail Baghaei openly contradicts Vice President Vance: “Iran has no plans to allow IAEA inspectors to enter nuclear sites that were damaged during the war.” pic.twitter.com/tX3dS1En6O — Open Source …
This is why the ActBlue investigation is heating up again. House Republican chairmen Jim Jordan, Bryan Steil, and James Comer are threatening contempt of Congress against ActBlue CEO Regina Wallace-Jones. Their accusation: ActBlue did not turn over all the documents demanded by subpoena. The investigation has been running for about a year and focuses on …
A 4.2% inflation rate is not a good number. But it also does not fully explain why so many people still feel squeezed. The reason is simple: Inflation slowing does not mean prices go back. It only means prices are rising slower. The latest CPI shows inflation running at 4.2% over the last 12 months …
Peter Schiff, host of The Peter Schiff Show, explains why he believes a major market crash, bond crisis, and inflation surge are still ahead, discusses Japan as a potential trigger for global financial turmoil, and outlines why he expects gold to ultimately outperform stocks, Bitcoin, and the U.S. dollar.
US STOCK FUTURES SLIDE AS INVESTORS DUMP CROWDED AI STOCKS$DIA $SPY $QQQ $IWM $VIX pic.twitter.com/PVkzgXOxu7 — Investing.com (@Investingcom) June 23, 2026 🚨 THIS IS WHY EVERYTHING IS CRASHING AT THE SAME TIME TODAY. Gold, silver, and tech stocks are all down together right now, which usually signals forced selling across markets. AI SEMICONDUCTOR DELEVERAGING South …
This is the part about index investing that gets overlooked. When you buy SPY or QQQ, you are not choosing individual companies. The fund chooses for you. Because these indexes are weighted by market size, the biggest companies automatically become the biggest holdings. And that creates a strange situation. The more a stock rises, the …
Reporter: Treasury lifted sanctions on Iranian oil today? Trump: Well, I’m going to have to find out exactly the status. All that money is coming back in the purchases of food. They have 91 million people they can’t feed. Reporter: You sure that the Iranians won’t use profits from oil sales to rebuild their military? …
by Michael Global food supply chains are under threat like never before. The war with Iran has created a worldwide fertilizer crisis, diesel prices have risen to very painful levels, and farmers in the U.S. have been dealing with an epic multi-year drought. Now a “Super El Niño” is here, and Fox News is telling …
via schiffsovereign On New Year’s Day in the year 1829, a 29-year-old young lady from Washington DC named Peggy Timberlake married John Eaton— a powerful senator from Tennessee. Eaton was also close friends with the incoming president Andrew Jackson. Peggy, on the other hand, was rumored to be somewhat of a harlot. She was openly …
via WSB: TLDR: Corsair has moved beyond gaming peripherals. It is now selling complete, ready-to-run local AI systems (hardware + software) that let small and mid-sized businesses keep using AI without paying ever-rising cloud token or GPU rental bills all the while keeping their data private. This reduces cyclicality and supports a further re-rating as …
The numbers are starting to stack up. The US debt ceiling was raised by $5 trillion in 2025 through the One Big Beautiful Bill Act. The new limit is now around $41.1 trillion. That gives Washington more room until 2027. But the market is watching something else: The cost of carrying all that debt. The …
⚡️ Russian drones struck civilian vessels bound for Ukrainian ports in the Black Sea According to Ukrainian Deputy Prime Minister Oleksii Kuleba, a drone attack set a Panama-flagged cargo ship on fire. A 58-year-old Egyptian cook was killed, while eight crew members, including… pic.twitter.com/6Y0fy6M8rj — NEXTA (@nexta_tv) June 22, 2026
The AI race has reached a strange point. Big Tech is no longer just investing in AI. It is throwing everything at it. Amazon, Microsoft, Google, and Meta are expected to spend around $700 billion to $725 billion on AI infrastructure in 2026. Data centers. GPUs. Chips. Power. Everything needed to build the next generation …
Tomorrow marks ten years since the Brexit vote. And the funny thing is that both sides can point to the same numbers and claim victory. Brexit absolutely changed immigration. The UK ended free movement with the European Union. Hundreds of thousands fewer EU workers are in Britain than many economists expected before Brexit. That part …
President Truman in unearthed letter to Eleanor Roosevelt and separate note (both 1947) compares Zionists to Hitler & Stalin: “US Zionists will eventually prejudice everyone [against them]… Jews are like all under dogs – when they get on top they are just as intolerant and as… pic.twitter.com/Ed4nxZvs8b — WikiLeaks (@wikileaks) March 13, 2026
Something big has changed in the financial system. A market most people barely paid attention to has exploded. Private credit grew from roughly $500 billion in 2020 to around $2 trillion today. Some estimates are even higher depending on what counts. The industry expects it could reach around $4 trillion by 2030. The appeal was …
ALERT: Homeless man steals a cop car and leads police on an over 40-mile car chase. Sacramento police said officers received a call about a 28-year-old homeless man, Isaac Paval, throwing a tire at a woman’s car before chasing her with a big stick. Police then tried to detain Paval, who was shirtless, and after …
California Governor Gavin Newsom order state workers back to office 4 days a week starting July 1 2026. This change from hybrid schedule where most work 2 days in office and 3 days remote. SEIU Local 1000 union represent about 96,000 workers. Union president warn of mass exodus. Many older workers near retirement may quit. …
BlackRock CEO Larry Fink say in May 2026 event in Texas that trillions of dollars for AI data centers and power grid need to come from private savings accounts and pension funds. Blackrock CEO says the money for data centers is going to have to come from our pensions, retirement accounts etc byu/Snapdragon_4U ininflation He …
China’s property problem is not going away. New home prices in 70 major Chinese cities fell another 0.2% in May. That was worse than April. Year over year, new home prices dropped 3.5% for the second straight month. Existing home prices also fell, down 0.3% month over month. The numbers look small. The problem is …
Recession signals are flashing while government gobbles a record share of the entire economy. The US government has never consumed a larger share of the economy than it does today. pic.twitter.com/lKtm7dzHIm — Charlie Bilello (@charliebilello) June 21, 2026 When CPI rate > Unemployment rate with a yield curve inversion it tends to lead to recession. …
The inflation argument always starts in the wrong place. Everyone argues about the latest price increase. Almost nobody talks about the giant jump that already happened. A $100 item when Trump left office in January 2021 became roughly a $121 or $122 item by the time Biden left office. Today it costs around $128. Yet …
One of the worst heatwaves in European history is underway. Peak high temperatures forecast this week: France: 45°C / 113°F Monday-TuesdayLondon: 39°C / 102°FAmsterdam: 34°C / 93°FBerlin: 38°C / 100°FParis: 41°C / 106°F pic.twitter.com/1tBeFtHJ3x — Colin McCarthy (@US_Stormwatch) June 22, 2026 🇫🇷 Les quais de Seine : « c’est bouché, on passe pas la » pic.twitter.com/cL3WGRTNwc — …
Chevron will fuel a massive Microsoft data center in West Texas with natural gas under a 20-year agreement, the oil major announced Monday. The data center, called Project Kilby, is expected to consume nearly 2.7 gigawatts of electricity, equivalent to the power needed to run about 2 million homes. Most of the electricity will come …
The Iran MOU is being celebrated as a great victory, but Peter Schiff argues it achieved nothing more than returning to pre-war conditions: no fighting and the Strait of Hormuz open — both of which were true before the war started. Iran’s regime survived, got immediate sanctions relief, access to a $300 billion investment fund, …
