New York Times: ’13 U.S. Bases Uninhabitable’ — We Could’ve Just Marched Home

Israel continues its attacks on Gaza, killing at least nine people over the past 24 hours.  In Khan Younis, five people were killed and 17 injured when two missiles were fired at a police checkpoint. Israel claims its forces killed Hamas commander Sakr Abu Karim. Tel Aviv says Karim was involved in the October 7, […]

World Cup Hangover Triggers Retail Sales Slump In July, K-Shaped Economy Waning Based on BofA's almost omniscient analysts, traders should expect a big disappointment this morning from US retail sales as the bank's data showed a huge drop in online retail (card not present) in July... ...because Prime Day and related promotions were pulled forward from July to June this year. Many other retail categories also saw m/m declines, including clothing, gas (due to lower prices) and furniture. Other factors driving the weakness in July likely included the heat wave around July 4...

Bessent's "Suffocating" Iranian Regime Strategy Materializes In Kharg Island Satellite Imagery Treasury Secretary Scott Bessent's description of "suffocating" the Iranian regime through economic and financial pressure, whether via sanctions or the US military blockade of the world's most critical maritime chokepoint, now appears to be showing up in the data. New geospatial intelligence indicates that Iran's main crude export terminal has gone quiet, while a separate report suggests seaborne oil exports have effectively been halted for the past month. The first report comes from Bloomberg, which cited European satellite imagery showing a...