US Military Says It Bombed Southern Iran

The "Good News" Is Always The Same: The Stock Market Is Up... Until It Isn't Authored by Charles Hugh Smith via OfTwoMinds blog, Cloaking a fake "market" with artifice to maintain its asymmetrical distribution of wealth and income also cloaks its detachment from the real world. I often refer to the dynamics of self-correction and self-liquidation. Systems that use feedback to rebalance extremes are self-correcting: rather than accelerate as they approach a cliff, they slow down and reorganize to avoid runaway self-reinforcing feedback (i.e. positive feedback), a.k.a. run to failure. Some things are self-liquidating by...

"No More Nakedness": Spencer Pratt's L.A. Mayoral Plan To Restore Order 'In Weeks' Has Democrats In Panic Mode Los Angeles mayoral candidate Spencer Pratt, whose social media team has been running circles around far-left incumbent Mayor Karen Bass and socialist Councilmember Nithya Raman in recent weeks, appears to be gaining momentum. Whether from his strong performance at last week's mayoral debate or his viral social media ads, the former reality TV star, made famous on MTV's The Hills, has reached an inflection point as a serious challenger to the Democratic...

US Defense Stocks Take Epic Fury Beating, Leaving UBS Asking Why Despite the launch of Operation Epic Fury against Iran in late February, U.S. defense stocks have moved lower rather than higher, prompting a UBS analyst to pen a note to clients this week attempting to answer why the makers of missiles and tanks failed to sustain a wartime rally. Analyst Allyson Gordon asked the question: "Why Is US Defense Performance Lackluster?"  Let's start with iShares U.S. Aerospace & Defense ETF, or ITA, a basket of major U.S. defense firms. ITA caught...