The top U.S. intelligence official told the Senate Armed Services Committee on Tuesday that Russian President Vladimir Putin is likely planning a prolonged war in Ukraine that expands well beyond the Donbas region. “We assess President Putin is preparing for a prolonged conflict in Ukraine during which he still intends to achieve goals beyond the...
Author: support
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VP HARRIS HYPOCRISY: ABORTION RIGHTS GOOD, VAX RIGHTS BAD
U.S. Vice President Kamala Harris, an outspoken advocate for mandatory vaccinations, came out strongly in support of abortion rights last week after a draft opinion overturning Roe v. Wade was leaked from the Supreme Court. Harris has had a bumpy tenure as vice president. Her critics say she knows little about policy and her effort...
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ENERGY INFLATION AND GREEN ENERGY TYCOONS
It’s called the “First Movers Coalition.” As so often is the case with modern “democracies,” average voters have virtually no say in the power that this NGO elite concocted group is wielding with governments and business sectors. Under the guise of fostering new “green technologies,” which for many uses have trouble competing with oil, natural...
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GLOBAL STOCKS POST LONGEST LOSING STREAK IN 14 YEARS
The world’s major stock indexes lost ground last week, the sixth consecutive week of losses and the longest such streak since the Panic of ’08, when the Great Recession hit America and much of the world. Investors are beset by rampant worldwide inflation, rising interest rates, the Ukraine war and Western sanctions, and now the...
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THE BIG ONE: STOP LOOKING AT THE STOCK MARKET! FOCUS ON ITS DRIVER.
By Gregory Mannarino, TradersChoice.net Today it seems that just about everyone is fixated on what the stock market is doing, and the question seems to be, “Is this a stock market crash or not?” Many people today are absolutely convinced that right now today the stock market is in fact crashing. Beyond any doubt, there...
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ECONOMIC AND MARKET OVERVIEW
In the U.S. today, the “good” news is that retail sales rose 0.9 percent in April. The guess on The Street was that they would go up 1 percent. But since the numbers are not adjusted for inflation, which rose 8.3 percent in April and is hovering near a 40-year high . . . did...
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SPOTLIGHT: BIGS GET BIGGER
Each week, we report instances where the money junky hedge funds, private equity groups and the already big companies swallow another piece of the global economy. Here are some more of what the BIGS have been gobbling up and how the Bigs keep getting bigger and the rich keep getting richer. ICE BUYS MORTGAGE DATA...
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SPOTLIGHT: INFLATION
SURGING OIL PRICES DRIVE RECORD INFLATION IN GERMANY Prices in Germany shot up 7.8 percent in April, year over year, the fastest since 1981, after setting a record pace of 7.6 percent in March. The increase was driven by higher energy costs. Producer prices in March saw the greatest annual surge since records began being...
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SPOTLIGHT: CHINA
TOP 2022 TREND, DRAGFLATION: CHINA’S ECONOMY IS SHRINKING China’s Caixin purchasing managers index (PMI) for service industries plunged to 36.2 in April from 42 in March, IHS Markit reported on 4 May, signaling a growing weakness throughout the nation’s economy. Readings below 50 indicate contraction; the lower the number, the harder the fall. The subindex...