This Is What Europeans Are Most Proud Of

The Consumer Sentiment Disconnect From Economic Reality Authored by Lance Roberts via RealInvestmentAdvice.com, The University of Michigan’s Consumer Sentiment Index just printed 44.8 in May. That’s the worst reading since the survey began in 1952. That print was lower than in 2008 and the 1980 inflation panic. It was also worse than the COVID lockdowns, yet the S&P 500 continues to climb higher, Q1 corporate earnings posted 27% growth, and weekly jobless claims sit near cycle lows. That “disconnect” has sparked many statements on social media, such as: “GDP is growing at a healthy...

Logistical Nightmare Unfolds As Rhine Plunges Toward Record Low The Rhine, one of Europe's most vital arteries for transporting industrial goods, has fallen to one of its owest level since the drought-stricken summer of 2018. The resulting loss of shipping capacity is driving up freight costs and raising the risk of supply disruptions for iron ore, coal, chemicals, petroleum products and other commodities moving through Europe's industrial heartland. The Rhine water level gauge at Kaub, a key chokepoint on the Rhine for shipments heading to southern Germany and Switzerland, has fallen...

In the week leading up to the war on Iran, Israel repeatedly warned Lebanon would be targeted if Hezbollah became involved in that conflict, and once the war was underway the US sought to assure Lebanon that Israel had no intention to escalate the conflict into Lebanon so long as no attacks were launched from […]