It began to accelerate in the early years of the 21st century, and while it was always driven by left-wing, liberal, impulses, who seemed to have the upper hand in culture and media; they still always feigned powerlessness and victimhood. Even in 2012, at possibly the apogee of the Liberal World Order, Paul Krugman wrote, with no sense of irony,

The cooler than expected CPI prompted panic 'ding dong the inflation witch is dead' buying in stocks and bonds and dumping of hawkish-tilted dollars. Many strategist pointed out this is just one print and inflation remains extremely high but no one in stock-land cared.

Fed's Evans was rolled out to remind everyone how hawkish The Fed is...

Trump announced that his Florida property was “under siege” and “occupied by a group of FBI agents” in a statement late on Aug. 8, calling it evidence of “prosecutorial misconduct” and a “weaponization of the Justice System.”

The raid was not announced and was motivated because Democrats do not want Trump to run again for president in 2024, the former president said.

Walsh, who applauded the FBI’s raid on Twitter, said the move angered many GOP voters and pushed them to campaign and vote for Trump.

The North American Aerospace Defense Command (NORAD) has revealed that Russian aircraft breached the Alaskan Air Defense Identification Zone (ADIZ) twice in the past two days, according to a fresh statement. 

The Alaskan NORAD "detected, tracked and identified Russian surveillance aircraft entering and operating within" the zone off the Alaskan coast, according to an offical statement posted to Twitter.  

Authored by Jonathan Turley,

For months, we have been discussing the heavy-handed, one-sided approach of the J6 Committee in the presentation of evidence and witnesses.

Both sides blame each other for the absence of a single Republican-selected member. Yet, the Committee treated the lack of balance as a license to present a rigid and scripted account of events and actions, including editing out countervailing views or evidence. For those of us who welcomed the greater transparency on the events of that terrible day, it was a lost opportunity to have a truly historic investigation akin to Watergate or the Kennedy assassination.

Amazon.com Inc.'s $1.7 billion acquisition of robot vacuum cleaner company iRobot Corp. is a move by the megacorporation to use Roombas to map the interior of homes. This data type is a digital gold mine for Amazon because if marketers know more about what's inside, they can easily create tailormade ads. 

From a market perspective, Amazon's acquisition of iRobot is to gain deeper insight into customers' homes via the autonomous robotic vacuum cleaner called "Roomba." 

Authored by Simon Black via SovereignMan.com,

On September 3, 1783, after nearly a year of excruciating back-and-forth negotiations, all sides had finally gathered together in Paris to sign a historic peace agreement.

It was a pretty important peace deal. Because the Treaty of Paris, as it is now known, is what formally ended the American Revolution, and when Great Britain legally recognized the United States as an independent nation.

By Michael Every of Rabobank

Yes, today is finally inflation day! Not high unit labor cost inflation day – that was yesterday in the US, which is why markets sold off. Not house price inflation day – that’s every day. I mean actual headline and core US CPI day, where increases in the price of just about everything are likely to be offset by temporary declines in gasoline prices. Yet that still opens the door for a new pre-US mid-terms phase of “sic transitory gloria mundi” back-patting in markets and politics.

We also get inflation in China (CPI and PPI), which will show it is firmly under control. That’s largely because they are pumping out coal and have over-supply and under-demand. However, also note this is an economy where Bloomberg notes that the huge headline trade data are NOT matched by the trade-related money flows recorded by SAFE. There are technical reasons why the two differ, but now the simple message is: “China “bought” lots of goods from abroad, but...

While there may not be a hedge fund industry for much longer considering everyone is now positioned dead wrong into this "most hated rally" especially in the post-CPI meltup which sent the VIX < 20, with hedge fund net leverage at 1%-ile levels over the past decade, and redemption letters about to start flying in...

One day after a stellar 3Y auction saw the lowest dealer award on record, which many said (correctly) hinted at a big CPI miss, moments ago we got the follow through to today's massive CPI miss when the Treasury sold $35BN in 10Y paper in one of the strongest auctions on record.

The high yield in today's sale of $35BN in paper came in at 2.755%, down from 2.94% in July and the 2nd consecutive decline; the yield also stopped through the 2.7610% When Issued by 0.6bps, the first stop through for the 10Y tenor since February!

The internals were just as strong, with Indirects awarded a whopping 74.5%, the third highest on record, the highest since February's 77.6% and way above the six-auction average of 67.7%. And with Directs taking down 15.6%, below the recent average of 17.6%, Dealers were left holding just 9.9%, the lowest since February (7.4%) and the second-lowest Dealers award on record.

By David Messler of OilPrice.com

The shale drilling boom that ended in March of 2020, as the full effects of the pandemic hit the economy, contributed to a surplus of oil in storage that kept prices down.

China's military on Wednesday announced the completion of what had after Sunday become extended drills surrounding Taiwan, which had initially begun with the controversial Nancy Pelosi visit. Days into the threatening drills last week, it became evident - as state media fully admitted - that the unprecedented maneuvers were a rehearsal for a forced "reunification operation".

The Eastern Theater Command of the PLA military issued a statement saying it has "completed various tasks" but will now conduct "regular patrols". The past full week of drills were especially alarming in that they involved ballistic missile fire over the island and the practical erasure of the median line in the Taiwan Strait due to a heavy warship and aircraft presence in the area. 

Schnatter made the comments in an interview with the Right Side Broadcasting Network at the Conservative Political Action Conference (CPAC) in Dallas, Texas, on Aug. 4.

The former CEO said that “truth in God, truth in unity” were the key principles on which he had previously run the company.

“We built the whole company on conservative values,” he said. “If you run your life on principles you’re truthful and factual, and you have win-win mutual respect and you’re thoughtful and considerate, you’re going to win.”

Twitter has suspended journalist Paul Sperry after he made several tweets about this week's FBI raid on Trump's Mar-a-Lago residence, where they spent up to 9 hours rifling through the former president's private office, Melania Trump's wardrobe, and eventually took 12 boxes of material. According to the Wall Street Journal, the records included a letter from former President Barack Obama, and correspondence between Trump and North Korean leader Kim Jong Un.