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Main St.-Wall St. Divide Reaches Record High As UMich Inflation Angst Re-Accelerates
Main St.-Wall St. Divide Reaches Record High As UMich Inflation Angst Re-Accelerates
Preliminary October UMich Sentiment held steady this month, registering a tiny 0.1pt decline below September (Current Condiutions dipped but Expectations ticked up)...
Increases in sentiment among Republicans and Democrats were balanced by declines among independents.
While year-ahead business conditions improved about 14%, they stand 16% less than last October’s read.
This month’s decline in the Current Conditions subindex was driven entirely by buying conditions for durables, which plunged 18% on the basis of higher interest rates and rising concerns about the...
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Jun 29, 2026 / Tyler Durden
Oil Markets Are Pricing A Supply Surge That Isn't Guaranteed
Oil Markets Are Pricing A Supply Surge That Isn't Guaranteed
Authored by Irina Slav via OilPrice.com,
Oil prices are tumbling as tankers stream out of the Strait of Hormuz, but most of that traffic is stranded vessels finally allowed to leave, not new supply heading in.
Iran struck a commercial ship near Oman this week even as the 60-day U.S.-Iran ceasefire holds and markets keep pricing in a supply glut.
The U.S. strategic petroleum reserve is at its lowest level in four decades, and China may resume buying once it stops selling off...
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Oct 6, 2026 / Tyler Durden
Trump Outrages Dems & Republicans Alike With Garbled 'Take Out Los Angeles' Line
Trump Outrages Dems & Republicans Alike With Garbled 'Take Out Los Angeles' Line
President Trump addressed a full house for his Monday night midterm campaign rally in Grand Island, Nebraska - but his comments on the Iran war, gas prices, and musings about a nuclear weapon taking out American cities created an avalanche of controversy.
Making the case for his launching Operation Epic Fury, Trump at one point in the speech said, "They could take out a city," and then: "Let 'em take out Los Angeles. Let 'em take out San...
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Apr 7, 2026 / Tyler Durden
Kanye West Banned From UK: Wireless Festival Cancelled After Home Office Revokes Travel Authorization
Kanye West Banned From UK: Wireless Festival Cancelled After Home Office Revokes Travel Authorization
The UK Home Office has barred Kanye West (aka Ye) from entering the country, ruling that his presence “would not be conducive to the public good.” The decision, made hours after he received an initial Electronic Travel Authorisation (ETA) on Monday, has triggered the immediate and complete cancellation of Wireless Festival, where he was set to headline all three nights in July at Finsbury Park.
"The Home Office has withdrawn Ye’s ETA, denying him entry into the...
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