Again, and again, and again, as we say, “You can’t make this shit up.” Month-after-month, week-after-week, day-after-day, President Trump says he will do one thing then backtracks and/or does another of his this or that.
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POST-REALITY SYSTEM—HISTORICAL MARKET AND ECONOMIC TRENDS ARE NO LONGER WORKING
This is THE TRUTH. Historical models on the economy and the markets are failing… but not because the fundamentals have changed, but because they’ve been hijacked.
CORPORATE STOCK BUYBACKS FUEL STOCK MARKET RALLY
To 11 August, U.S. companies have announced $983.6 billion in stock buybacks, the most in this part of a year since at least 1982, according to research firm Birinyi Associates.
SYNTHETIC DEVOLUTION: NPR TRIES TO REHABILITATE HE JIANKUI AND GENE-EDITING BABIES
Yes, the science world (though unfortunately not enough of the general populace) professed to be shocked and horrified in 2018, when a Chinese scientist declared he had successfully gene edited twin babies.
SECURITY CABINET APPROVES NETANYAHU’S PLAN TO OCCUPY GAZA CITY, AS IDF ESCALATES KILLING SPREE
The Israeli security cabinet last week approved Prime Minister Benjamin Netanyahu’s plan for the IDF to occupy Gaza City, a sign that the government is fully committed to carrying out the Trump-Kushner plan to ethnically cleanse Gaza of Palestinians to make room for lavish hotels in the oceanside enclave.
UKRAINE LAUNCHES DRONE STRIKES AT MOSCOW, RUSSIA TAKES MORE UKRAINE TERRITORY BEFORE ALASKA PEACE SUMMIT
Ukrainian drone strikes killed three across Russia and targeted Moscow on Sunday night that largely included industrial targets and a plant that produces parts for Russian missiles, Reuters reported.The attack killed two people north of Moscow and another person in western Russia, the report said. Russians told Reuters that at least four drones hit the......
ECONOMIC UPDATE—MARKET OVERVIEW
Again, again, and again, week-after-week, month-after-month, as we have detailed, another Wild Card and another Trump Card are played, and where it goes, nobody knows.
FANNIE MAE AND FREDDIE MAC—WITH TRILLIONS IN BAD DEBT—MAY BE GETTING A BACKDOOR BAIL OUT!
President Donald Trump is meeting with chiefs of major U.S. banks to discuss monetizing mortgage giants Fannie Mae and Freddie Mac.
POOR JOBS REPORT HALTS U.S. DOLLAR’S COMEBACK
The dollar’s value increased 1.5 percent against a collection of other major currencies last week, the London Stock Exchange Group reported, marking the buck’s best week since last November’s presidential election.
TWILIGHT OF THE HUMANITIES
A recent PC Gamer article pondered the antihuman underpinnings of top tech CEOs. The piece critiqued the drive of CEOs like Nvidia’s Jensen Huang to continue to transform curriculums to more heavily focus on science and technology.