Food Insecurity Growing as Lebanon War Death Toll Passes 2,000

Uh-Oh, Silver! Authored by Adam Sharp via DailyReckoning.com, One year ago, silver was trading at around $36 per ounce. Today the price is around $60. Normally, that’d be considered a win. But over those 12 months, we silver bugs have been on a wild ride. Simply incredible price action. From $36 to $119 in about 8 months. And now back down to $66. I believe the silver bull market still has years to run. Maybe even another decade. Today, let’s explore why. +$16 Since 1980? Silver first reached $50 way back in 1980. Of course, silver’s miraculous 1971-1980...

The 'Blame Game' In Private Credit Begins Submitted by QTR's Fringe Finance This morning I warned (again) this wasn’t a normal market in private credit. It was a liquidity event. And today it’s becoming something else too. According to the Financial Times, the SEC is now questioning whether Egan-Jones, a small but deeply embedded credit rating agency in private credit, can “consistently produce credit ratings with integrity.” That’s not a routine inquiry. That’s the regulator openly wondering whether one of the key cogs in the machine was ever doing its job properly in the first place....

US-Saudi Nuclear Deal Clears Vienna Hurdle As Congress Review Continues Authored by Michael Kern via OilPrice.com, IAEA chief Rafael Grossi says Saudi Arabia won't sign the Additional Protocol but will accept oversight powers over enrichment, conversion and reprocessing that closely mirror it. The underlying US-Saudi 123 agreement, signed July 22, opens a path to domestic uranium enrichment after a two-year study, a break from the UAE's enrichment-free 'gold standard.' Congress is 90 days into reviewing the deal, with Democrats and nonproliferation groups pushing back and two side letters still classified. A planned nuclear cooperation...