ZeroHedge


  • by Tyler Durden
    Group Of Seven Illustrates Existential Global Problem Not Solution Via The Strategic Culture Foundation, The G7 represents much about the world order that is totally unsustainable: elite wealth promoting false conflicts among nations instead of implementing genuine cooperation and peace. Posing as problem-solvers of the globe’s ills, the leaders of the so-called Group of Seven (G7) nations are gathered in an English seaside resort this weekend for an annual summit. It’s a spectacle that has lost any illusion of luster. Indeed, the gathering of such an elitist and […]
  • by Tyler Durden
    Bank of America: Everyone Knows The Fed Will Stop Tapering As Soon As The S&P Drops 10% There has been much discussion and fierce debate whether the current blast of inflation is permanent, or as the recent sharp drop in bond yields and breakevens despite ever higher CPI prints, which are now annualizing 8.3% or the highest since 1092… … and which we discussed on Friday in "Here's Why The "Reflation" Trade Is Collapsing", the market is already fading the current spike in prices in anticipation of deflation. […]
  • by Tyler Durden
    Real Interest Rates Suggest It's A Good Time To Buy And Hold Gold Authored by Mike Shedlock via MishTalk.com, Let's investigate the relationship between real interest rates and the price of gold. Real means inflation adjusted.  I calculated the real interest rate by subtracting year-over-year CPI from the current 3-month T-bill yield.  One could also use the Fed Funds Rate or 1-month T-Bill rate as the yields are all about the same.  The following chart puts the negative interest rate theory to the test, Real Interest Rate vs […]
  • by Tyler Durden
    Thor Industries Now Has $14 Billion Order Backlog Amid Booming Demand For RVs  About two months after we discussed recreational vehicles are "on pace for a blowout year" and "sales just hit an all-time high," we got the latest confirmation from Thor Industries CEO Bob Martin. He spoke with Jim Cramer on "Mad Money" earlier this week about the manufacturer's massive order backlog.  Thor Industries — Airstream, Heartland RV, Jayco, Livin Lite RV, and others — first began to experience an uptick in sales after lockdowns ended in May and […]
  • by Tyler Durden
    A "Slippery, Bootlicking A.G."? MSM Goes Silent As Garland Sides With Barr's 'Controversial' Positions The media has caught a not-so-curious case of amnesia when it comes to Attorney General Merrick Garland – who's been royally pissing off Biden supporters after the DOJ has shown an increased tendency to side with the Trump administration in legal wranglings that were considered 'bombshell' controversies under AG Barr. Unpacking the hypocrisy is legal scholar Jonathan Turley, who notes the MSM's glaring double standards: Authored by Jonathan Turley via jonathanturley.org (emphasis ours) When […]
  • by Tyler Durden
    Visualizing The History Of US Inflation Over 100 Years Is inflation rising? The consumer price index (CPI), an index used as a proxy for inflation in consumer prices, offers some answers. In 2020, inflation dropped to 1.4%, the lowest rate since 2015. By comparison, inflation sits around 5.0% as of June 2021. Given how the economic shock of COVID-19 depressed prices, rising price levels make sense. However, as Visual Capitalist's Dorothy Neufeld notes, other variables, such as a growing money supply and rising raw materials costs, could factor […]
  • by Tyler Durden
    Seattle Police Crack Down On Shoplifting, 53 Arrested In One Day By John Sexton of HotAir Last year there was a proposal circulating in the Seattle City Council to consider making drug abuse and mental disorders a defense against most misdemeanor crimes. In essence, that would have been a green light for an army of homeless shoplifters to steal at will knowing they’d face no chance of being punished. But it appears Seattle police have decided to do something about aggressive shoplifters. This Wednesday they arrested 53 shoplifters […]
  • by Tyler Durden
    Mexican Drug Cartel Unveils "Grupo Elite" Special Forces Unit Hunting Rivals Drug cartels such as the powerful Jalisco New Generation Cartel, or CJNG, have upgraded their arsenals with an elite special forces unit, according to atlas.news.  CJNG released a video of their "Grupo Elite" otherwise known as special forces team, "outfitted with signal jammers and heavily modified rifles," said atlas.news. The video also shows the unit in what appears to be a bulletproof vehicle.  CJNG released the video (watch here) on the prospects of expanding their control into Naucalpan […]

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