The strategy CNN management chose was silence. Just say nothing, and hope the controversy fades away. It's been almost 10 days since Fauci diary entries revealed that two of CNN's top anchors were private pals with the man they were supposed to be objectively covering. From… pic.twitter.com/LnrIgKlTrA — Western Lensman (@WesternLensman) August 3, 2026 Glenn … Read more
You almost couldn’t write a better example of how markets behave. Korea introduced a new rule to make leveraged single-stock ETFs harder to trade. The goal was simple. Reduce risky speculation. Instead, retail investors just moved the money somewhere else. Starting July 31, Korea raised the minimum deposit requirement for single-stock leveraged ETFs and ETNs … Read more
Pete Buttigieg said on a podcast that higher capital gains taxes, corporate taxes and limits on inherited wealth would let America build fast trains. He claimed the country is stuck in a doom loop because it does not collect enough taxes. California voters approved high-speed rail in 2008. Original price tag sold to voters was … Read more
The AI trade is one crowded, levered position wearing four different tickers. Coatue, Philippe Laffont’s $90 billion tech fund, fell 8.3% in July, its worst month in over a year. Its four biggest bets all cratered the same month: TSMC and GE Vernova down more than 15%, Lam Research and Applied Materials down more than … Read more
Bigger fires (Sinlahekin now over 100k acres) really are way larger than Spokane’s ~10k and get way less national coverage. Oregon season hit ~2 million acres.
by Michael When will the charade finally end? Over the past several months, Iran has been given opportunity after opportunity to make a reasonable deal. Every single time, negotiations have broken down and fighting has resumed. The Iranians are simply not going to compromise on the Strait of Hormuz, and they are simply not going to make … Read more
via gainspainscapital The Great Debt Crisis of our lifetimes may be just around the corner. Japan is the grandfather of debt and central bank insanity. The U.S. first hit a Debt to GDP ratio of 100% in 2015. Japan did this back in 2001. The U.S. first introduced Zero Interest Rate Policy (ZIRP) and Quantitative … Read more
The California Democratic Party executive board voted Sunday to endorse Proposition 40, the one-time 5% wealth tax on billionaires. It needed a second vote to clear the 60% threshold. The measure is on the November 2026 ballot. It targets California residents worth more than $1 billion as of early 2026, raises an estimated $100 billion … Read more
Trump said talks with Iran “are going on right now” and that negotiations would begin Monday after he called off a planned massive attack. Iran’s Foreign Ministry spokesman said no negotiations with the United States are taking place and none are scheduled. The only talks Iran confirms are with Oman about the Strait of Hormuz. … Read more
MIT Professor Ted Postol has repeatedly said in recent interviews that US and Israeli air defense systems, especially Patriot, have no real capability against Iranian ballistic missiles. He claims the actual intercept rate is 2 or 3 percent based on video evidence from the current war, not the official 90 percent figures. He states that … Read more
“I’m gonna plead the Fifth. Like that absolute coward Tony Fauci” h/t A Deplorable Neanderthal
ThePersistence @ScottPresler I’M IN TEARS I’M SCREAMING The Pennsylvania Department of State just conducted one of its biggest purges ever. Democrats lost TENS of thousands of voters. It’s happening — it’s actually happening. Our work to clean the voter rolls is actually working. Sunlight is the best disinfectant. This is a massive, earth-shattering earthquake of … Read more
via notayesmanseconomics The business week has started with something we have not seen for quite some time TOKYO, Aug 2 (Reuters) – Japanese Finance Minister Satsuki Katayama will announce on Monday that Tokyo and Washington took joint action in the currency market to arrest the yen’s slide to 40-year lows, two Japanese government officials told … Read more
The request from a senior officer at the US military command carrying out President Donald Trump’s war with Iran came in an email: We need ideas. “We are looking for new creative and unconventional ways to pressure and punish Iran,” an officer in US Central Command’s intelligence branch wrote in a message sent Wednesday to … Read more
Phone Call: Saudis Issue Ultimatum to Trump on Behalf of GCC Amid strong rumors that Netanyahu had already agreed with Trump to resume bombings against Iran, Gulf countries like Qatar and the United Arab Emirates were already working behind the scenes. Qatar, in particular, had been warning about the imminent risks to its massive infrastructure … Read more
View post on imgur.com 🚨BRAVEST WATCH: Robbers attempted to rob the driver and the driver said no way rather we all di£ here.. What a brave driver👏👏 pic.twitter.com/BLfojRGZrl — WarRoom Nayo (@nayolytic) August 2, 2026 Looks like it’s the real mccoy according to Grok: **No, this does not appear to be AI-generated.** It is … Read more
Recent college graduates are facing a tough job market, and one of the new hurdles they’re encountering is that employers are offering far fewer entry-level jobs that require no prior experience. That may be one of the factors that’s contributing to an unemployment rate of 5.6% among recent college graduates (age 22-27), higher than the … Read more
Hypocrite https://t.co/aFDEASTdVP — Jammles (@jammles9) August 3, 2026
via gainspainscapital Two weeks ago I flagged Scott Bessent’s Fox Business comments on gold as worth watching. He confirmed Fort Knox’s holdings are “present and accounted for,” valued at over $1 trillion at current market prices, and noted the dollar “used to be backed by silver, sometimes gold.” Now Bessent has clarified what he meant. … Read more
