Meet The Lab-Leak Proponent Set To Take Fauci’s Old Job Authored by Paul D. Thacker via The DisInformation Chronicle, Politico reported that physician-scientist Steven Quay is going through final vetting to take over Tony Fauci’s job at the NIH, reporting that aligns with rumors I’ve been hearing from sources inside the administration for several months. Quay sat for an interview with me on the DisInformation Chronicle podcast last […]

“Fire Is… Beautiful”: Suspect In Spokane Wildfire Confesses He Planned Arson For Weeks The suspect charged on Aug. 3 with starting the Old Trails fire in Spokane, Washington, that forced more than 60,000 people to evacuate told police he had planned the attack for weeks. The suspect, Aaron Farinacci, told police in an interview that “fire is powerful, beautiful, and that things that go through fire experience a kind of […]

The Democratic Party’s Four-Way Squeeze Authored by James Howard Kunstler, “. . . it’s subversion and nothing about it is accidental. it’s a well worn playbook to use the democratic institutions of a high trust state to destroy a civilization.”  – El Gato Malo on Substack The days might still be long, but this is a dark season in our country’s politics. Everybody’s nervous and many are furious, and yet all that […]

Vance: Federal Government Has Identified $230 Billion In Fraud Since March Authored by Emel Akan via The Epoch Times, Vice President JD Vance said on Aug. 5 that the Trump administration has identified $230 billion in fraud and prevented $56 billion in fraudulent payments since the president’s Fraud Task Force was established in March. Vance discussed the task force’s initiatives at a roundtable in the Eisenhower Executive […]

Consumer Credit Jumps More Than Expected In June As Credit Card Debt Spikes One month after the May consumer credit posting a shocking decline – the first since late 2024 – driven by a plunge in revolving credit, things are mostly back to normal, with the Fed reporting in its latest G.19 report that in June, US consumer credit posted a healthy $14.17BN bounce – a full reversal of the May drop of $1.1 billion – and above the $11.9 […]

Senate Passes The Lindsey O. Graham Sanctioning Russia & Iran Act Of 2026 On Friday the Senate finally passed a bill imposing major new sanctions on Russia due to the grinding war which has been going since February 2022. The bill had bipartisan support, with a vote of 86 to 11, and now it will go to the House – where it is expected to be passed there too. After a year of negotiations and holdups based largely on prior White […]

Uncertainty Rules! By Elwin de Groot, head of macro strategy at Rabobank US Treasury yields drifted higher yesterday after the Financial Times reported, citing people close to Fed Chair Kevin Warsh, that he would be prepared to raise rates as early as September if incoming inflation data surprise to the upside and markets themselves begin pricing a more hawkish path. Yet the market reaction was not confined to the front end […]

Exit Narrative Grows: Bessent Says New Deal & Ceasefire Will Open Hormuz ‘Today Or Tomorrow’ Summary Bessent: Hormuz could reopen under a 30-60 day ceasefire as soon as “today or tomorrow.” Iran asserts that US & Israeli vessels remain barred until sanctions are lifted and compensation is paid. Trump says the conflict could “end pretty soon,” signaling a possible final US exit. Iran remains defiant, pointing out it […]

Trump Threatens To Jail Arms Shortage ‘Leakers’ Authored by Dave DeCamp via AntiWar.com, President Trump on Thursday threatened “leakers” with jail time over reports about dwindling US military stockpiles as a result of the Iran war, and claimed the US had plenty of munitions available. “The US has massive amounts of ‘munitions,’ especially of certain types. Additionally, large amounts are being manufactured and shipped to […]

Saudi Arabia’s $5 Oil Detour Is Expensive… But Worth It Authored by Leon Stille via OilPrice.com, Rerouting Saudi crude to Asia via Yanbu, Egypt’s SUMED pipeline and the Cape of Good Hope may add around $5 per barrel and up to four weeks to a voyage. That premium is small compared with the economic damage caused by losing access to Hormuz or Bab el-Mandeb altogether. Saudi Arabia’s alternative export […]

5th Small Modular Reactor Validated Since June, Poised For Mass Production Another small nuclear reactor has achieved “criticality,” marking the fifth new reactor type to be certified as operationally viable in the United States since June, after none were certified for more than a half-century, as the nation’s “nuclear renaissance” quickly advances to commercial mass-production. Santa Clara, California-based Oklo’s […]

Meet The Investors In SpaceX Who Say Their Shares “Disappeared” Some investors who thought they had secured one of Wall Street’s hottest trades, owning SpaceX before its blockbuster IPO, say the shares they expected to cash in on simply disappeared, according to the Wall Street Journal. The controversy centers on special purpose vehicles (SPVs), investment funds that promise accredited investors exposure to private companies before […]

Rockstar Founder Builds $300M Celsius Stake, Launches Activist Offense: Management “All Need To Be Fired” Summary: CELH shares Jump on CNBC Headline  Rockstar Founder Amasses 5.7% CELH stake, Tells CNBC He Wants To Be CEO Thursday: Celsius Shares Crash As Revenue Misses Estimates Rockstar Founder Begins Activist Move  One day after Celsius Holdings crashed 18% following a dismal second-quarter earnings report, Rockstar Energy […]

US Senate Pushes CLARITY Act Vote To September Authored by Ezra Reguerra via CoinTelegraph.com, Senate Republican leaders are expected to leave for their August recess without voting on crypto market structure legislation, delaying consideration of the bill until at least September, according to a report from Politico.  Senate Majority Leader John Thune confirmed that the chamber would not vote on the legislation before the […]

Consumers More Optimistic On Jobs, Financial Conditions, Stock Prices As Inflation Eases: NY Fed Survey Unlike recent extremely volatile months, consumers expectations for inflation in July barely budged as disclosed today by the latest NY Fed Survey, which showed that inflation expectations in one year fell slightly to 3.6% from 3.7% prior. Estimates for price increases in three and five years remained at 3.3% and 3%, respectively, […]

Hours After Murkowski Predictably Sides With Dems, Cassidy Unblocks Blanche AG Nomination Sen. Bill Cassidy announced Friday he will support Todd Blanche’s nomination for attorney general, clearing the decisive path for confirmation after two other Republican senators opposed the pick. Acting Attorney General Todd Blanche appears before the Senate Judiciary Committee on Capitol Hill in Washington, July 15, 2026.  Cassidy, a […]

Scientists Warn Of Urgent AI Biosecurity Threat Authored by Steve Watson via Modernity News, For the first time, artificial intelligence has designed complete, functional viral genomes from scratch. Oh dear. Stanford University and Arc Institute researchers used generative AI models to produce 16 novel bacteriophages that successfully infect and kill bacteria in the lab. Breaking News: Scientists have used A.I. to create new […]

July Jobs Shock: US Lost 23K Workers, Below Lowest Estimate, As Unemp Rate Drops To 4.1% Ahead of today’s jobs report, in our payrolls preview we warned that “July Has Emerged As A Very Poor Month For Jobs” and boy were we right: moments ago the BLS reported that in July, the US labor force shrank by a whopping 23K, sharply lower from a downward revised 20K in June (from 57K), and the worst print since the negative 156K in […]

Meta Ordered To Pay $567 Million In New Mexico For Children’s Mental Health Fund A New Mexico state judge on Aug. 6 ordered Meta to pay $567 million into a fund dedicated to remedying the harm caused to children’s mental health by the company’s social media platforms. Meta is the parent company of Facebook, Instagram, and WhatsApp. State judge Bryan Biedscheid said in a 68-page order that most of the total youth mental health […]

Wall Street Crowns First Solar As Clear Winner After Trump’s Polysilicon Tariffs Create “Structural Floor” For Industry Solar stocks are shining in premarket trading in New York after the Trump administration announced a new 15% tariff and a price floor on imports of polysilicon derivatives, including silicon wafers, photovoltaic cells, and solar modules. The move is intended to secure the domestic solar supply chain after years of […]

Houston, We Have A (Data) Problem… Authored by Peter Tchir via Academy Securities, Normally, you can find some parts of the job report that “fight” against the headline. That somewhere in the details is a potentially different narrative. Maybe it’s because I’m lazy on a summer Friday, but difficult to see what it is in this report. But let’s start with the most important point Instead of worrying about Warsh, what […]

Islamic Society Sues City Over Rejection Of Mosque Proposal Authored by Tom Gantert via The Epoch Times, The Islamic Society of Tulsa has filed a federal lawsuit against the City of Broken Arrow, Oklahoma, and four individual city council members after the city denied its request to build a mosque and Islamic community center. The suit, which was filed on Aug. 3, alleges the denial violated the U.S. Constitution, the federal […]

Bonds & Bullion Jump, Dollar Dumps As Rate-Hike Odds Slump After Payrolls Miss As we noted in our preview, today’s payrolls print was indeed “bad news is good news” as the surprise five-sigma miss (-23k) on payrolls (albeit with a drop in the unemployment rate) sent rate-hike odds reeling lower… “History doesn’t repeat, but sometimes it rhymes. For the third time in as many years, July jobs data saw a mid-summer loss of […]

Winter Is Coming: Europe Faces Twin Diesel And NatGas Crunch Samantha Dart, co-head of global commodities research at Goldman Sachs, began the week by telling Bloomberg TV that the global diesel-supply crunch is “what keeps her up at night.” She followed up Wednesday with a client note warning that European natural gas storage levels are also lagging the seasonal average ahead of the winter heating period. Benchmark TTF futures […]

Saudi Arabia, Turkey, Pakistan Sign Islamic NATO-Style Defense Pact Amid Iran War On Friday Saudi Arabia, Turkey and Pakistan signed a major defense agreement as leaders gathered in the city of Makkah, Saudi Arabia. It seeks to strengthen joint deterrence and expanding defense cooperation, the Saudi Press Agency reported. It is essentially a NATO-style agreement for the ‘Muslim world’ – given that it stipulates and formalizes […]