The US May Have Shot Down a Small Hobby Balloon With a Sidewinder Missile

International Energy Agency (IEA) Executive Director Fatih Birol said on Monday that the world is facing a massive energy crisis caused by the war against Iran.  Birol argued that the current energy crunch is worse than those of the 1970s and the impact of Russia’s 2022 invasion of Ukraine combined. “This crisis, as things stand, […]

LVMH Posts Biggest Quarterly Drop Since Dot-Com; UBS Sees Luxury Opportunity LVMH, the owner of Louis Vuitton, Christian Dior, Fendi, Bvlgari, Moët & Chandon, and dozens of other luxury brands, just posted its worst quarter since the dot-com bust era, making it the worst-performing European luxury stock this year as demand for luxury handbags, shoes, watches, perfumes, and wines continues to soften amid an intensifying Middle East conflict. LVMH shares in Paris tumbled 28% in the first quarter, exceeding quarterly declines seen during Covid and the 2008 financial crisis,...

War, Oil And Debt: Which Threats To The US Economy Are Legit? Authored by Brandon Smith via Alt-Market.us It’s the magic number, the line that’s not supposed to be crossed; when a nation’s public debt finally exceeds its GDP. Historically speaking, it’s not a sign of doom like many economists suggest. Numerous countries have sustained for decades with a ratio of well over 100% and many other factors have to be considered before it’s officially time to panic. Of course, there are some cautionary tales. Greece and Argentina are two examples. A...