Democrat Election Victories Fail To Spark Mass Mobilization Around White House The longest U.S. government shutdown in history certaintly hurt Republicans, as Democrats scored victories in Tuesday’s elections, including socialist Zohran Mamdani becoming New York City’s next mayor, and Abigail Spanberger and Mikie Sherrill winning their respective gubernatorial races in Virginia and New Jersey. However, none of that momentum rolled […]

The Corrupt Anatomy Of The SNAP Panic Authored by Jeffrey Tucker via The Epoch Times, Americans ought to be deeply embarrassed at the national panic over the future of food stamps. The level of dependency on this program (42 million people and 22 million households) runs contrary to our entire civic culture and history. It is a betrayal of the founding vision of commerce, independence, and agronomy. It reveals a fundamentally […]

Abrupt Sentiment Shift Rocks Gen Z: Restaurants Warn Of Spending Drop As Student Loan “Default Cliff” Arrives The Trump administration faces a worsening macroeconomic backdrop for younger, lower- and middle-income consumers, burdened by student debt, costly auto loans, high apartment rents, and depleted savings amid a persistently high interest rate environment.  Early signs of financial strain emerged at the tail end of the […]

How Long Does US Depositors’ Nerve Hold? Authored by Tuomas Malinen via GnS Economics Newsletter, I am returning to work slowly and will start with an update to the Bank Run Warning we issued on Friday. Not a single financial institution sought funding through the SRF today (Wednesday), but this does not lead me to conclude that the risk of a banking crisis in the U.S. has passed. It just did not start right now. While the […]

Apple Taps Rival Google’s 1.2-Trillion-Parameter AI Model To Power Siri Remember when the iPhone 16 launched in September 2024 and Apple promised “Apple Intelligence” features, such as an AI-powered Siri upgrade capable of handling autonomous tasks, that never fully materialized.  For now, Apple will integrate Google’s 1.2 trillion-parameter Gemini model to overhaul Siri, the most alarming sign yet that Tim Cook has to rely on […]

When Debt Meets Diamond Hands Submitted by QTR’s Fringe Finance These lessons go for pretty much any asset class, but where I’ve noticed the largest concentration of inane theories, economic non-sequiturs and general outright confusion is among the most hubris-laden speculators in the market, the Bitcoin crowd. I own some Bitcoin and would love it just as much as the next guy if the price went to $1 million or $1 trillion or […]

JPMorgan Discloses Government Probe Into Debanking Practices US regulators are examining whether JPMorgan Chase has denied customers fair access to banking, as pressure grows over debanking decisions that were made against conservative figures, according to reporting from Financial Times and the company’s 10-Q filing. In its quarterly filing, the bank noted it was “responding to requests from government authorities and other […]

“Too Late To Retreat”: Key Ukrainian Logistics Hub Near Fully Captured By Russia, “No Sign Of Counter-Offensive” Via Remix News, A key logistics hub in Ukraine’s eastern defense network, Pokrovsk, is close to falling, with a number of sources indicating between 85 and 95 percent of the city is controlled by Russian forces. One Hungarian security expert is warning that a counterattack could be disastrous for Ukraine. With the […]

US Household Debt Hits Record $18.6 Trillion As Student Loan Defaults Explode The NY Fed published its Quarterly Report on Household Debt and Credit. Surprising exactly no-one, the report showed that total household debt increased by $197 billion (1%) in Q3 2025, to a new record high of $18.59 trillion. split between $13.5 trillion in housing debt and $5.1 trillion in non-housing debt. “Household debt balances are growing at a […]

Biden-Appointed D.C. Judge Orders White House To Provide Sign Language Interpreters For Press Briefings Authored by Aldgra Fredly via The Epoch Times, A federal judge ruled on Nov. 5 that the White House must provide American Sign Language (ASL) interpretation during press briefings held by President Donald Trump and press secretary Karoline Leavitt. The decision followed a lawsuit filed in May by the National Association of the […]

US Urges UN To Lift Sanctions On Syrian Leader Ahead Of Washington Visit Authored by Kimberley Hayek via The Epoch Times, The United States has put forth a draft resolution within the U.N. Security Council meant to end sanctions on Syrian President Ahmed al-Sharaa, leader of the Islamist militant and political group Hayat Tahrir al-Sham (HTS). The proposal comes ahead of al-Sharaa’s anticipated meeting with President Donald […]

“Contrary To Human Nature”: VDH Reminds Us That Mamdani-Style Socialism Always Ends In Disaster Victor Davis Hanson is warning that Democrats’ move towards socialism and their embrace of figures such as Zohran Mamdani is not going to end well. Mamdani, a socialist who’s promised to redistribute wealth, and insists that “taxation isn’t theft, capitalism is” – is pushing politics that VDH says are ‘contrary to human nature.’ […]

Plugging One Goal With The Other By Elwin de Groot, Head of Macro Strategy at Rabobank Markets were in a risk-off mood yesterday, led by a sell-off in tech shares and growing investor concerns about valuations and policy risks. The US made the books with the longest government shutdown in its history. The S&P lost 1.2%, the Eurostoxx 50 index fell 0.4%. The risk-off tone resulted in lower yields across the board, albeit […]

Things Aren’t Looking Great For Trump In Supreme Court Tariff Arguments Odds of the Supreme Court siding with Trump over tariffs tumbled on Wednesday, after conservative justices Kavanaugh, Gorsuch, and Coney Barrett asked tough questions during oral arguments in two cases.  After the first hour of argument, the Trump administration’s case justifying tariffs looked to be in serious trouble – specifically his claim that a […]

Trump Drafting Executive Order On Election Integrity After Alleging Ballot Fraud In California Authored by Tom Ozimek via The Epoch Times, White House press secretary Karoline Leavitt said an executive order is being drafted to strengthen U.S. elections and curb mail-in ballot fraud, after President Donald Trump alleged that California’s mail voting system “is rigged” and parts of it are under “legal and criminal […]

Consumer Squeeze Hits Home Renovation Spending As Leading Deck-Maker Shares Collapse Shares of Trex Company, best known for its wood-alternative composite decking, plunged the most since the Dot Com bust in premarket trading after the company’s fourth-quarter net sales forecast came in below Bloomberg Consensus estimates. Analysts warned that soft consumer spending trends and a deteriorating home-improvement backdrop are weighing on […]

“Mad Max For Years?” Bill Holter Warns There’s More Risk In The System Now Than Ever Via Greg Hunter’s USAWatchdog.com, Financial writer and precious metals expert Bill Holt (aka Mr. Gold) said a month ago that rising “gold and silver prices were sniffing out risk.”   Looks like the Federal Reserve is also smelling some risk.   It recently, quietly flooded the banks with $125 billion injection in just five […]

WTI Holds Losses After Big Crude Build, Record US Production Oil prices weakened for a second session early on Wednesday as a report showed an unexpected surge in U.S. oil inventories, keeping demand and over-supply concerns top of mind for traders. “API data indicated the largest US crude inventory build in more than three months, with stockpiles rising by 6.5 million barrels last week. If confirmed by the EIA later today, it […]

Motorist Yells “Allahu Akbar” After Plowing Into Pedestrians On French Atlantic Island Sky News reports a man in his mid-30s carried out multiple deliberate vehicle ramming attacks on pedestrians and cyclists on Wednesday morning on Île d’Oléron, a French island off the Atlantic coast. BREAKING: Two people are in intensive care following a driver knocking down several people on the French island of Ile d’Oleron. The mayor of […]

Yields Rise, Rate-Cut Odds Slide As ISM Services Survey Signal Inflation Fears After yesterday’s mixed picture on Manufacturing (PMI up, ISM down), analysts expected both Services surveys this morning to show an upward bounce. S&P Global’s Services PMI disappointed but did rise from September’s 54.2 to 54.8 (but that was less than expected and less than the 55.2 preliminary print) ISM’s Services PMI beat expectations, […]

Schumer And Jeffries Demand Meeting With Trump To End Record Gov’t Shutdown Update (0935ET): With the election night sweep in hand, the Democrats reach out, hoping for bipartisan support… “We write to demand a bipartisan meeting of legislative leaders to end the GOP shutdown of the federal government and decisively address the Republican healthcare crisis. Democrats stand ready to meet with you face to face, anytime and […]

Scott Jennings Issues Blunt Warning As CNN Panel Gloats Over Democratic Victories Via VigilantFox.com, CNN’s “expert” political panel gloated in victory as conservative commentator Scott Jennings issued a blunt warning to the Democratic Party on Tuesday night. The results are in, and it’s official. New Jersey and Virginia elected Democratic governors. Zohran Mamdani will be the next mayor of New York City, and arguably […]

Britain “Doomed” Under Labour As Wealthy Scramble To “Get The Hell Out Of London”, Ryanair Boss Warns Authored by John-Paul Ford Rojas via ThisIsMoney.co.uk, The UK is doomed under Labour, the boss of Ryanair has warned as he claimed wealthy people were scrambling to ‘get the hell out of London’ before being hit by a Budget tax raid. Michael O’Leary said he had no faith in the Chancellor’s ability to restore growth and […]

Yields Spike After Treasury Refunding Unexpectedly Warns Bessent Considering “Increases To Future Auction Sizes” Superficially, there were no surprises in the quantitative aspects of this morning’s Treasury refunding announcement: as previewed earlier, the Treasury just announced a total quarterly refunding size of $125 billion, just as expected, and furthermore indicated it’s not looking to boost sales of notes and bonds “for at […]

ADP Employment Report Shows Labor Market Rebound In October Following the new weekly update of ADP’s employment report showing a rebound to job additions after two straight month of declines, analysts expected a 30k rise in jobs for October’s monthly report. And analysts were right with ADP reporting 42k jobs added in October (better than expected) Source: Bloomberg Services added 32k jobs while Goods Producers added 9k… […]