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'Worse Than COVID': Consumer Confidence Crashes In September
'Worse Than COVID': Consumer Confidence Crashes In September
The Conference Board's Consumer Confidence Index plunged in September (-6.7pt to 81.9) - the lowest headline print since April 2014.
The Present Situation Index fell sharply, while the Expectations Index slipped further into negative territory.
This was the fourth straight monthly miss for confidence and the biggest miss since Dec 2024...
"Consumer appraisals of current business conditions became negative for the first time since September 2024," said Dana M Peterson, Chief Economist, The Conference Board.
"Perceptions of the current labor market also worsened, though remained within positive territory. Over...
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Sep 16, 2026 / Kyle Anzalone
Trump Rebuffed Saudi Request to Attack Ansar Allah After US-Houthi Talks
US officials secretly met representatives of Yemen’s Ansar Allah movement over the weekend in Oman as President Donald Trump rejected a request from Saudi Arabia for direct US strikes on the group. Washington instead agreed to provide Riyadh with intelligence as fighting between Saudi Arabia and Ansar Allah intensifies. Reuters first reported the meeting, which […]
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Apr 8, 2026 / Tyler Durden
SAVE America Act Has Failsafe To Ensure Enforcement
SAVE America Act Has Failsafe To Ensure Enforcement
Authored by Petr Svab via The Epoch Times (emphasis ours),
Tucked away in the stalled SAVE America Act is a provision meant to ensure that its proof-of-citizenship requirement would be enforced even if future administrations would choose not to.
The U.S. Capitol building in Washington on March 17, 2026. Madalina Kilroy/The Epoch Times
The bill, which passed the House in February but got stuck in the Senate, would require new voter registrants to present proof of citizenship, such as a passport, a REAL ID, or...
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Jul 17, 2026 / Tyler Durden
Private Credit: The New Junk Bond Market
Private Credit: The New Junk Bond Market
Authored by Ed Dowd via Beyond the Narrative,
Private Credit: The New Junk Bond Market...Except It Lacks Transparency, Liquidity & Is About To Be Stress Tested
History
Private credit was born from the ashes of the Great Financial Crisis. In the aftermath of that debacle, regulators moved to limit the risks banks could take. Loans deemed too risky were no longer being originated by commercial banks. To fill that void, non-bank lenders stepped in, creating what is known as private debt or direct lending market. You...
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