The Commercial Real Estate Crisis Is Far From Over Submitted by QTR’s Fringe FinanceI‘ve been harping on the problems in commercial real estate for years now, and one of the more interesting developments over the last several months has been how little anybody seems to be talking it them anymore.For a while, commercial real estate was supposedly going to bring down the banking system. Then the regional bank failures came and went, […]

Zelensky Sends Massive Overnight Drone Wave On Russia, With Record 1,214 UAVs Intercepted Facing pressure from President Trump to halt all attacks on Russian refineries, Ukraine’s Zelensky is perhaps getting his last licks in. Overnight Ukraine sent a record number of drones into Russian territory, with Russia’s military saying it intercepted over 1,200 drones across the country.This means that in total that many hundreds more were […]

US Economy Grows 3.4% In Q3, Fastest Pace In A Year, Supercharged By Massive AI Capex Spending The US economy grew in the third quarter at the fastest pace in a year, supercharged by the debt-funded AI capex spending spree and a resilient American consumer.Real Gross domestic product (adjusted for inflation) increased an annualized 3.4% in the three months through September after growing 2.2% in the second quarter, according to the […]

Watch: Store Refuses Service Because They “Hate Trump” Authored by Steve Watson via Modernity,In an incident proving that TDS is still rampant, a Michaels Arts & Crafts store in Mayfield Heights, Ohio, refused to custom-frame a portrait of President Trump, as well as a historic moon landing newspaper, and a religious-themed art print.Employees told the customer the items were “ineligible” and that the company does not do […]

‘Low-Hire, Low Fire, Low-Inspire’ Economy Rolls On With Jobless Claims Holding Near 60-Year Lows The number of American filing for unemployment benefits for the first time dropped (again) last week to 194k (less than the 198k exp) – basically in line with 60 year lows…Continuing Claims also ticked back down, very close to 3 year lows…The cleanest way to reconcile it is that this is a “low-fire, low-hire” labor market, […]

IRGC Says 3 Tankers On Fire In Hormuz, Challenges US Narrative Strait Is ‘Demined’ Three tankers exploded ​and caught fire in the Strait of Hormuz after attempting ‘unauthorized’ passage over the prior 24 hours, according to Iran’s Revolutionary Guards (IRGC) on Thursday.The trio of vessels are alleged to have ignored warnings from the IRGC Navy, having also switched off their radar and ‌navigation systems, apparently as part of […]

Switzerland Freezes Funding To Doctors Without Borders Over Sexual Exploitation In Chad Switzerland’s aid agency has frozen CHF1.25 million ($1.52 million) in funding to Doctors Without Borders (MSF) over how the charity handled sexual exploitation by its staff in Chad, swissinfo reported Oct. 26. The Swiss Agency for Development and Cooperation (SDC) held back one tranche of the CHF6.25 million it pledged MSF for this year. […]

Fed’s Favorite Inflation Indicator Surges In September As Soaring Energy Costs Drags Americans’ Savings Rate To 4-Year Lows Following the hot CPI and PPI (and the internals), this morning’s PCE should not provide too many surprises with expectations for the headline price Index to rise a significant 0.5% MoM in September (accelerating notably after deflating for the first time since COVID in June).And sure enough, headline PCE rose […]

Tech Futures Tumble As Alphabet Plunges, Small Caps Rise Ahead Of PCE, ECB US futures are lower, with Nasdaq contracts sliding as Alphabet’s ugly search miss revived the “is AI capex paying off” debate, while Microsoft’s Azure beat and lighter capex, a roughly 1% drop in oil on fresh US-Iran diplomacy chatter and news that Christine Lagarde will quit the ECB nine months early round out the morning’s drivers; as a result small caps […]

InstaDash? DoorDash To Buy Instacart For $17 Billion Three days after The Wall Street Journal reported that DoorDash was in advanced talks to acquire Instacart, the companies announced a cash-and-stock deal early Thursday that values Instacart at about $17 billion. The takeover deal would expand DoorDash’s delivery network and strengthen its fight against Amazon and Walmart in the online delivery battle.A news release published by […]

USAID Accused Of Using Taxpayer Dollars To Advance Left-Wing Agendas In Latin America Authored by AG News Staff via American Greatness,U.S. and Latin American officials are raising serious allegations that the U.S. Agency for International Development (USAID) used American taxpayer dollars to promote left-wing political causes across Latin America during the Biden administration.The accusations come as several Latin American […]

Behind France’s School Blockades And ‘Yellow Vest’ Riots, A Far-Left Network Years In The Making Authored by Etienne Fauchaire via The Epoch Times,PARIS – Five weeks have passed since students in the Paris suburbs blockaded a high school to protest overcrowding and staff shortages. Within a month, they joined forces with the Yellow Vests, and rioting led to nearly 8,000 arrests.On Oct. 17, at least 3,000 shops were looted or […]

ECB President Lagarde To Step Down In Feb, Months Before Her Term Ends European Central Bank President Christine Lagarde said this morning that she will step down on Feb. 7, 2027, months ahead of the October 2027 end of her term.I have just informed my colleagues that I will step down as @ECB President on 7 February 2027. It has been a source of great pride to serve this institution. I thank all of those who have supported me on […]

Greenwald Unpacks Brazil’s Political Drama As Bolsonaro Deletes “True President-Elect” Claim Brazilian Senator Flávio Bolsonaro briefly declared himself “the true president-elect of Brazil” on Wednesday before deleting the statement. President Trump said the same day that he would not endorse Bolsonaro’s claim, suggesting the Trump administration would limit its support for Bolsonaro’s election challenge. Flávio Bolsonaro issues […]

Democratic Sweep Fears Batter Drone Stocks As Miller Tabak Spots Buying Opportunities Jefferies aerospace and defense analyst Sheila Kahyaoglu warned in a new note that “A Democratic sweep would certainly put the reconciliation proposal at risk,” potentially jeopardizing the Trump administration’s rearmament supercycle and putting drone spending at risk.The BofA US Drone Ecosystem Index has tumbled 40% from mid-January through […]

Minnesota Charges James O’Keefe And Cam Higby With Felonies Over Polling-Place Vouching Stunt Hennepin County Attorney Mary Moriarty on Wednesday charged conservative provocateur James O’Keefe and influencer Cam Higby with felony unlawful voting and identity theft, over undercover videos they shot at Minneapolis polling places during the Aug. 11 primary, according to MPR News.The complaints allege the pair visited four Hennepin […]

UK Orders Independent Review Into Handcuffed Murder Victim Henry Nowak Authored by AG News Staff via American Greatness,The British government has ordered an independent investigation into the murder of 18-year-old university student Henry Nowak, following public outrage over police officers handcuffing the dying teenager while allegedly accepting false claims made by his attacker.The Home Office announced Tuesday that former Lord […]

The Post-War European Security Architecture Is Beginning To Take Shape Authored by Andrew Korybko via Substack,This emerging order is the most sustainable one possible given the circumstances.The grand strategic goal that Russia sought to advance through its large-scale military intervention in Ukraine was to reshape the European security architecture in order to resolve the NATO-Russian security dilemma that was brought about by […]

Russian Oil Refineries Boost Output Following Ukraine’s 3-Day Pause On Energy Attacks Just after Ukraine’s President Zelensky conceded Tuesday that he did in fact hold to a brief energy ceasefire at President Trump’s insistence, Reuters is reporting a major rebound in Russian crude output.”Russian oil refineries increased crude processing by 25% in the second half of October compared to the beginning of the month ​after persistent […]

Europe’s Muslim Population Has Surged Since 2000, And Forecasts See More Growth To Come Via Remix News,Conservative voices have long raised concerns over the demographic shift arising from high sustained migration from the Middle East and Africa, and new data confirms these fears.According to data published by La Razón, cited by La Gaceta, the number of Muslims in Europe has jumped from roughly 15 million around the year 2000 to […]

Italy’s Meloni Freezes New Military Aid Package For Ukraine, Pending US Midterm Outcome Ongoing White House pressure on Ukraine’s Zelensky is having a chilling effect. After the US throttled its intelligence-sharing and weapons flows while demanding Ukraine halt strikes on Russian oil refineries, more European capitals have paused arms deliveries.Italy is the latest, with Italian Prime Minister Giorgia Meloni having postponed the […]

The Fall Of Europe Authored by Milton Madriz Cedeño via The Daily Sceptic,Europe is falling because it has confused the management of inherited wealth with the ability to create new wealth. Part of its political leadership turned public spending, proliferating rules, excessive regulation and presumed moral superiority into sufficient credentials to govern. Productivity, solvency and social cohesion were pushed aside. Today they […]

How Censorship Works Authored by Jeffrey A. Tucker via The Epoch Times,The Holodomor (meaning death by hunger) was a man-made famine in Soviet Ukraine in 1932-1933 that killed millions of people, primarily Ukrainian peasants. It was part of a wider Soviet famine (roughly 1930-1934) that also affected parts of Russia and Kazakhstan, but the Ukrainian famine was intensified by specific policies directed at Ukraine.Under Joseph Stalin, […]

The Day After Midterms: Diplomacy Or Another “Epic Fury”? Brent crude futures topped $116.50 a barrel early Wednesday after a WSJ report said the Trump administration is preparing for a brief military campaign against Iran after the midterm elections. Trump said at a rally last week, “We may do another little Epic Fury.”Trump on Iran: We may do another little epic fury. https://t.co/KCU6BE3cKR— Acyn (@Acyn) October 23, […]

There Are Multiple Paths Out Of Israel’s Election Deadlock Via Middle East EyeMore Israelis voted in Tuesday’s election than in any poll since 2001, yet neither Israeli Prime Minister Benjamin Netanyahu nor his challengers have a straightforward path to power. Complicating matters are the stunning gains made by the Joint List and Ra’am, two slates representing Palestinian citizens of Israel that almost all Israeli political […]