US Launches Attacks on Iran for Sixth Consecutive Night

Initial Jobless Claims Continue To Signal No Labor Market Stress The number of Americans filing for unemployment benefits for the first time dipped last week to 215k (218k exp), continuing to show labor market resilience in the face of slumping sentiment. ...basically unchanged in five years. Continuing claims ticked higher but remains well off cycle highs from last fall... So once again, claims data shows no signs of the pain that sentiment surveys suggest... ...even though payrolls data suggests deterioration. Tyler Durden Thu, 07/02/2026 - 08:53

Five Dynamics That Make Sense Of An Increasingly Chaotic World Authored by Charles Hugh Smith via OfTwoMinds blog, These dynamics and the incentives they generate lead to systemic crisis and collapse. As I noted in What Once Explained Everything Now Explains Nothing, the simplicity of either-or ideologies appeal to us. Identifying with an ideology is like having a favorite sports team: yea for our team! Our team good, other team bad. The roots of this simplistic either-or are obvious: our tribe good, other tribe bad. The problems with this simplistic loyalty arise when we attempt to...

"The Epitome Of Ludicrousness" By Michael Every of Rabobank "All-You-Can-Eat Shrimp" “My view is that the United States could take all the seafood Greenland could produce, and cut out the middleman, and keep it from China — and you could bring back all-you-can-eat shrimp at Red Lobster.” That’s a recent quote from a Trump official in The New Yorker arguing for the annexation of that territory. As the magazine notes, the plans are both “ludicrous” and “deadly serious.” Well, loosen your belts, folks, because there’s an all-you-eat buffet of such news. Yesterday, South...