Shocking, Record Explosion In Student Loan Delinquencies Marks The Start Of Next Debt Crisis Total household debt rose by $185 billion in the second quarter of 2025, a 1% rise from Q1 2025. Balances now stand at $18.39 trillion and have increased by $4.24 trillion since the end of 2019, just before the pandemic recession. Before is a snapshot of the latest Q2 data, courtesy of the NY Fed: Balances Mortgage balances grew by $131 […]

DARPA’s Theory Of Mind Warfare Authored by Matt Smith via InternationalMan.com, The Defense Advanced Research Projects Agency (DARPA) has an initiative called the Theory of Mind program. This effort is designed to give national security decision-makers the ability to model, simulate, and ultimately anticipate the intentions and behaviors of adversaries using a combination of advanced algorithms and human expertise. At its core, […]

Never-Before-Seen Photos Inside Jeffrey Epstein’s Creepy Mansion The New York Times published never-before-seen photos from inside Jeffrey Epstein’s erie seven-story Upper East Side townhouse on Tuesday, revealing surveillance cameras placed in bedrooms and a first edition of “Lolita” prominently displayed throughout the New York City mansion. Among the bizarre scenes is a macabre sculpture of a woman in a bridal gown dangling […]

Taibbi: No Doubt Left… Russiagate Was A Cover-Up Authored by Matt Taibbi via Racket News, The most infuriatingly complex scandal of all time has just been reduced to a page or two, thanks to another declassified release… It was a cover-up. The Russiagate scandal has long been one of the most convoluted, hard-to-follow news stories of all time. It even has multiple names thanks to its peculiar chronology. From 2016 until […]

Waste Of The Day: Senate Furniture Is Missing Authored by Jeremy Portnoy via RealClearInvestigations, Topline: Over the last decade, more than half the Senate office furniture purchased have some unanswered question attached to them – including where the furniture is located. The Architect of the Capitol’s Senate Furniture Program “needs significant improvements,” and its “processes for acquiring, safeguarding, […]

Crude Jittery As Trump Mulls New Sanctions On Russia’s ‘Shadow Fleet’ Oil prices remain jittery today as the market digests yet another sanctions-threat targeting Russia. President Trump is said to be mulling new sanctions on Russia’s so-called “shadow fleet” of oil tankers if Moscow doesn’t commit to a peace agreement with Ukraine by Friday. Despite many threats, the Trump White House has yet to impose new sanctions on Russia […]

White House Order To Punish Banks That Discriminate Against Conservatives, Crypto Companies The White House is about to unveil a new executive order that would punish big banks who discriminate against conservatives and crypto companies. A draft of the order seen by the WSJ directs bank regulators to investigate whether any financial institutions may have violated the Equal Credit Opportunity Act, antitrust laws, or consumer […]

Titan Sub Implosion That Killed 5 People Was ‘Preventable’: Coast Guard Authored by Zachary Stieber via The Epoch Times, The 2023 implosion in the Atlantic Ocean of a submersible, which killed five people, could have been prevented, the U.S. Coast Guard said in a report released on Aug. 5. The company that operated the Titan sub, OceanGate, failed to adhere to its own safety standards and did not encourage employees to raise […]

One Chart To Kill The Medicaid Lies For Good Via Issues & Insights, Can anyone guess what is wrong with the following headline? “Democrats use new tactic to highlight Trump’s gutting of Medicaid: billboards in the rural U.S.” That appeared in The Guardian newspaper over the weekend. How about this one from NPR: “GOP governors stay silent amid plans to slash Medicaid spending in their states.” Or this one from AP: […]

Iranian Nuclear Scientists In Clandestine Visit To Russian Atomic Sites, Alarming West Iranian nuclear scientists made a covert trip to Russia in the summer of 2024 to inspect facilities involved in technologies potentially linked to nuclear weapons development, according to a report by the Financial Times, which cites official correspondence, travel documents, and corporate records it obtained. This suggests that Russia has […]

Literally Fake News: Acosta Eviscerated For ‘Interviewing’ An AI School Shooting Victim Authored by Steve Watson via Modernity.news, Jim Acosta, the former CNN hack who President Trump notoriously said “YOU are fake news” to at the White House is now LITERALLY living up to the description after he put out an ‘interview’ with an AI generated avatar of a deceased Parkland shooting victim as a way of pushing gun control. […]

Ugly, Tailing 3Y Auction Sees Worst Foreign Demand Since 2023 One week after the Treasury’s refunding announcement unveiled no major changes to the coupon auction schedule for the next few months, instead punting everything to Bills and leading to the following headline this morning: *US TREASURY TO AUCTION $100 BILLION IN FOUR-WEEK BILLS … moments ago we got the first actual refunding auction of the week when the Treasury sold […]

“Russia’s Economy Stinks”: Drop In Energy Prices Will Make Putin “Stop Killing People”, Trump Says “If energy goes down enough, Putin is going to stop killing people,” President Trump said in a fresh interview on CNBC Tuesday. “Putin will stop killing people if we get energy down another $10 a barrel. He’ll have no choice because his economy stinks.” The stark comments come days ahead of the White House’s Friday August 8 deadline […]

Rep. Ramirez Under Fire After Declaring “I’m A Proud Guatemalan Before I’m An American” Authored by Jonathan Turley, Democrat Rep. Delia Ramirez (D., Ill.) is locked into a fierce fight with the White House over controversial remarks at the second annual Panamerican Congress held in Mexico, including declaring, “I’m a proud Guatemalan before I’m an American.” Ramirez does not deny making the remarks but insists that […]

Swiss President Rushes To Washington In Last Ditch Attempt To Appease Trump And Lower 39% Tariff Swiss President Karin Keller-Sutter (yes, president Karin) and her economy minister Guy Parmelin scrambled to fly to Washington on Tuesday in a last-minute bid for a deal to lower the 39% tariff imposed last week by Donald Trump. The trip is to “facilitate meetings with the US authorities at short notice and hold talks,” the […]

Clintons Subpoenaed By House Amid Probe Of Epstein’s ‘Horrific Crimes’ The House Oversight Committee has issued subpoenas for former President Bill Clinton and first lady Hillary Clinton as part of the probe’s investigation into the “horrific crimes perpetrated by Jeffrey Epstein.” Committee Chairman James Comer has also issued subpoenas for former FBI Directors James Comey and Robert Mueller, former Attorneys General Loretta […]

The Fed Says It Is “Data-Driven”… But The Data Isn’t Any Good Authored by Ryan McMaken via The Mises Institute, It’s been a big week for “the data.” At Wednesday’s FOMC press conference, Fed Chair Jerome Powell announced that the Fed was holding its policy interest rate steady at the current 4.5 percent. Powell noted that there was no need to cut the rate because the job market is “solid.” Powell engaged in the usual […]

After Initial Frenzy, American Eagle Store Traffic Drops Amid Sydney Sweeney Backlash American Eagle’s sexually charged ad campaign featuring “Sydney Sweeney has great jeans” has triggered outrage among liberals across the Western world, furious that a beautiful young blonde is the face of the campaign instead of a “diverse,” morbidly obese man pretending to be a woman.  How times have changed. AE shares have added hundreds […]

The New Governor By Rabobank The 10 year US treasury yield fell back yesterday afternoon, after a modest rebound earlier in the day after Friday’s plunge due to the downward revisions to nonfarm payroll growth that led to President Trump firing the head of the Bureau of Labor Statistics. The US dollar has gained some strength against the euro this morning, and the probability of a September rate cut took a small step back. In an […]

Senate GOP Could Bring Down Adam Schiff And Letitia James With LETITIA Act Authored by Matt Margolis via PJMedia.com, It looks like Senate Republicans aren’t just talking tough on corruption – they’re laying the groundwork for real accountability, and Democrats like Sen. Adam Schiff and New York Attorney General Letitia James may finally have reason to worry. Sen. John Cornyn has introduced the Law Enforcement Tools to […]

US Services Surveys Plunge… And Soar In July As Prices Paid Spike Following the significant weakness exhibited by the Manufacturing surveys (and worsening ‘hard’ data), Services data  S&P Global US Services PMI ROSE from 52.9 to 55.7 in July – the highest since Dec 2024 ISM Services PMI FELL from 50.8 to 50.1 (below expectations) and near the lowest since June 2024 Just ridiculous… Under the hood the two […]

Trump Administration To Fast-Track Lunar Nuclear Reactor With an eye on beating Russia and China to the punch, the Trump administration is about to announce plans to fast-track the building of a nuclear fission reactor on the moon. NASA administrator Sean Duffy, who is also Transportation Secretary, is expected to announce the expedited program this week, according to documents obtained by Politico.  “To properly advance this […]

DOJ Ends 44-Year-Old Race-Based Hiring Decree Authored by Jack Phillips via The Epoch Times, The Department of Justice (DOJ) announced on Aug. 4 that it has ended a decree initiated more than 44 years ago, which imposed across the federal government hiring practices related to diversity, equity, and inclusion (DEI) theories. In a court filing on Aug. 1, the DOJ’s Civil Rights Division stated that it will eliminate a 1981 […]

US Trade Deficit Shrinks To 2-Year Lows The US trade deficit narrowed in June to the tightest since September 2023 as companies scaled back on imports after a massive tariff-front-running surge earlier in the year. The goods and services trade gap shrank 16% from the prior month to $60.2 billion (slightly better – smaller – than the $61 billion expected)… Source: Bloomberg The value of imports fell 3.7% MoM while exports […]

Futures Rise Again Because Why Not Risk is mostly higher again this morning, last Friday’s selloff long forgotten, with equity futures and macro credit opening stronger while the yield curve is bear flattening as rates sell off across the curve, and the USD is higher. As of 8:00am ET, S&P futures are up 0.3%, led by small caps, pointing to further squeeze potential from shorts put on as recently as Friday; Nasdaq futures […]