Oil Markets Are Pricing A Supply Surge That Isn't Guaranteed

Worth Every Dollar (Until It Isn't) Authored by Bryan Lutz via DollarCollapse.com, Jamie Dimon just gave the trillion-dollar AI capex boom his blessing. Standing next to Anthropic CEO Dario Amodei in New York on Tuesday, the JPMorgan chief told Wall Street that the buildout is “worth the trillion-dollar investment”… a sentence that would have been a punchline two years ago. Now it feels like even the mainstream media disagrees with the consensus. Here’s the problem... BofA Global Research charted every market concentration peak of the last sixty years on a single line: Four bubbles. Four peaks....

Conference Board Consumer Expectations Hit YTD Highs, Inflation Fears Dip In May With war (and rising gas prices) now fully embedded in respondents' minds (along with record high stock prices), it is perhaps not entirely surprising that The Conference Board's Consumer Confidence dipped in May (but was better than expected). The headline index dipped 0.7 points to 93.1 in May, down from an upwardly revised 93.8 in April. The Present Situation Index - based on consumers’ assessment of current business and labor market conditions - retreated by 3.2 points to 121.2. The Expectations Index -...

House Report Finds Minnesota Officials Ignored Fraud To Avoid Racism Accusations A House Committee on Oversight and Government Reform report released Monday paints a devastating picture of both Minnesota Gov. Tim Walz and state Attorney General Keith Ellison, finding that they both knew about widespread fraud in state social services programs and failed to act. The report centers on the Feeding Our Future scandal, in which a Minnesota-based nonprofit systematically exploited federal COVID-19 relief funds intended to provide meals to children. So far, more than 60 people have already been found guilty...