Pentagon Conducts First Military Drill In Venezuela Since Maduro Overthrow

President Trump on Tuesday suggested he could restart a bombing campaign in Yemen in response to the Houthis, officially known as Ansar Allah, enforcing a blockade on the Red Sea. Trump’s comments came after Ansar Allah announced a maritime blockade on Saudi Arabia, which came a week after the Saudis bombed Yemen’s Sanaa airport to […]

"Hubris Generally Precedes Clusterf**k": Does It Smell Like Victory? Authored by James Howard Kunstler, The message seems to be something like the USA isn’t messing around with all those strike forces in the waters around Iran. The Islamic Republic suddenly looks like Rock-and-Hard-Place-Land. Everybody and his uncle are trying to figure out the calculus in play, World War Three or a happy ending? You’re seeing the most significant US military build-up over there in memory. Smells a little bit like first Gulf War, 1991 — minus all those allies we roped in then. Mr. Trump (via...

US PMIs Lead The World As Manufacturing Tops 4-Year Highs, Services Sink Following Japan's ugly PMIs (Services lowest since March 2025) and Europe's disaster (weakest composite EU PMI since late 2023)... ...with prices surging... All eyes are on the US 'soft' survey data for signs of divergence (or contagion). With US 'hard' data improving notably, the preliminary soft survey data for May was mixed with improved performance in manufacturing was countered by a sluggish service sector. Flash US Services PMI Business Activity Index: 50.9 (April: 51.0). 2-month low. Flash US Manufacturing PMI: 55.3 (April:...