Despite Record Surge In Subprime Car Loan Originations, US Household Debt Dropped In Q2: First Since COVID

Fill 'er Up: Record Armada Of Tankers Bound For US Gulf To Load Oil An unusually large number of crude oil tankers on the open seas has the American Gulf coast as a destination as the ships are redirected to load cargoes bound for markets around the world already experiencing shortages. As Alton Wallace writes at The Center Square, second-term Republican President Donald Trump said Saturday on social media that “massive numbers” of “completely empty” oil tankers are en route to the United States to purchase American energy. “Foreign buyers are voting with their ships: American energy means stability, strength,...

Global Energy Crisis Or Iranian Surrender In Five Weeks? Authored by Brandon Smith via Alt-Market.us The last time global energy markets witnessed a shock similar to what we might see this year was during the 1973 Arab Oil Embargo. Tensions were escalating in the aftermath of the Yom Kippur War when the Arab Coalition launched a surprise attack against Israel. OPEC nations joined forces to cut off oil to Israeli allies including the US. This froze around 15% of oil exports to America, triggering market speculation, hording and price inflation. The infection...

US Africa Command said in a press release on Monday that its forces launched more airstrikes in Somalia as the Trump administration continues a record-shattering bombing campaign in the country. The command said that the strikes were launched on September 24 and targeted al-Shabaab in the vicinity of Qumbi, a village about 55 miles northwest […]