Hobbes’s State: “Why Are You Hitting Yourself?”

The Party Of 'Our Democracy' Has Nothing Left But Chaos Authored by James Howard Kunstler, “. . . there is no saving the Left. Whatever happens to them, it will have to happen without people like you or me trying to get them to return to any place of sanity.” - Sasha Stone on Substack A punishing heat-dome creeps over the eastern half of the country just in time for the gala Fourth of July week. The days are brutal, but anything and everything crawls out of the woodwork when that blazing sun...

Russia Pressing Ahead On Rail Link To Iran & Azerbaijan To Ease Strain On Maritime Routes This week has brought new US attacks on Iranian infrastructure and logistics, including fresh overnight attacks on some half a dozen bridges, and even reports of strikes on rail hubs and airports. The New York Times observes Friday that "Bridges, rail lines, power and water facilities, and other targets in Iran, Kuwait and elsewhere in the Middle East were attacked in airstrikes on Friday as the United States and Iran escalated their weeklong crisis over...

5 Charts To Navigate This Chaotic Market Authored by Adam Sharp via DailyReckoning.com, I have 5 charts for you today which put this crazy market into context and give some clarity on what might come next. We’re at a fascinating crossroads for markets, geopolitics, and finance. Let’s get started. Semis Party Like It’s 1999 First up, semiconductor returns. The index below includes U.S. semi stocks like Nvidia, Micron, Intel, Broadcom, Marvell, Texas Instruments, and more: Source: Charlie Bilello  As you can see, during the dotcom bubble, semiconductor stocks soared 234% over 14 months in the period leading up...