Are Banks More Powerful Than Governments?

"Late Spring Buyer Rush": US Pending Home Sales Just Surged By The Most In Almost 2 Years Pending home sales in the US were expected to rise for the fourth straight month in May and they did with a huge beat (+3.8% MoM vs +0.9% MoM exp - above the highest analysts estimate), which was slightly offset by a downward revision for April (from +1.4% to +0.3%). That is the best monthly improvement in pending home sales since Sept 2024 and that lifted sales by just over 2% YoY. “A late spring...

Russian Drone Hits Chinese Ship In Black Sea, Less Than 24-Hours Before Xi-Putin Summit Just 24 hours before Presidents Vladimir Putin and Xi Jinping are set to meet for their planned summit in Beijing, soon on the heels of Trump's visit, and a geopolitical wrench may have just been thrown into the works. According to Ukrainian President Volodymyr Zelensky, Russian forces have attacked a Chinese ship heading toward a Ukrainian port - a provocative move that threatens to seriously anger Beijing at the worst possible diplomatic moment. via Ukraine Navy Early Monday morning,...

Suspected US Drone Strike Kills Alleged Al-Qaeda Member In Yemen Authored by Dave DeCamp via AntiWar.com, A suspected US drone strike hit a vehicle carrying two alleged al-Qaeda members in Yemen's southeastern Hadramout province on Tuesday, China's Xinhua news agency has reported. A local security source told the news agency that one of the men in the vehicle was killed while the other was wounded. So far, there's been no confirmation of the strike from the US, but the US hasn't officially acknowledged an airstrike against Yemen's al-Qaeda affiliate, known as al-Qaeda...