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Trump Backs Off 20% Fee Plan For Hormuz, Asserts 'FULL Blockade' Only On Iranian Ports
Trump Backs Off 20% Fee Plan For Hormuz, Asserts 'FULL Blockade' Only On Iranian Ports
Update(11:20ET): It's the return of another TACO Tuesday as President Trump in a lengthy Truth Social missive appears to have reversed his plan to collect a 20% of cargo fee for international vessels wishing to transit the Strait of Hormuz.
"Oil is flowing like never before," he began (except it's not...), before writing, "Based on highly productive conversations with Middle East leadership, I have decided to replace the 20% United States Reimbursement Fee with Trade and...
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Jul 12, 2026 / Tyler Durden
'Witness List Expanding...': A Seth Rich Scenario
'Witness List Expanding...': A Seth Rich Scenario
Authored by James Howard Kunstler,
"Witness list expanding in multi-conspiracy probe out of Fort Pierce. . . ."
- Paul Sperry, Real Clear investigations.
The scene: February of 2027, a federal courtroom in Fort Pierce (St. Lucie County), Florida, the third day of trial in the RussiaGate matter.
Defendants seated on the right (from the judge’s vantage) are so numerous they require two tables, including John Brennan, James Comey, James Clapper, Andrew McCabe, Rod Rosenstein, Strzok & Page, Bruce Ohr, Lisa Monaco, Mary McCord, Christopher...
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Apr 7, 2026 / Tyler Durden
France's Debt Spiral: Tax Hikes Mask A Looming Crisis
France's Debt Spiral: Tax Hikes Mask A Looming Crisis
Submitted by Thomas Kolbe
On both sides of the Franco-German border, the same problem persists: overburdened and reform-averse politicians struggle against a rapidly accelerating debt spiral. Their preferred tool: higher levies.
Last week, France’s Finance Minister Roland Lescure reported a revision of the projected budget deficit for the current year.
Initial estimates for 2026 had suggested a deficit well above five percent. Yet numerous fiscal measures brought last year’s deficit down to 5.1%. For 2026, the Finance Ministry expects it to stabilize at around...
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May 8, 2026 / Tyler Durden
US Jobs Jump 115K, Smashing Estimates; Umemployment Rate Unchanged At 4.3%
US Jobs Jump 115K, Smashing Estimates; Umemployment Rate Unchanged At 4.3%
In his preview of today's NFP report, Goldman's Delta One head wrote that "NFP almost feels like a sideshow at this point. You can argue weak labor data gives a Warsh led Fed enough cover to cut, but with oil and input inflation still elevated there’s also an argument that a weakening labor market alongside a constrained Fed is actually the more difficult combination for risk assets." With that in mind, moments ago the BLS reported that in April the...
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