Authored by Emel Akan and Andrew Moran via The Epoch Times, President Donald Trump is set to announce reciprocal tariffs for all nations starting April 2, the date he has dubbed “Liberation Day.” Companies, markets, and governments are on edge, expecting the move to send shockwaves across the globe. Liberation Day will impact all countries, […]

Hours before President Trump is set to announce reciprocal tariffs—threatening to unleash a global trade war on what he has called “Liberation Day”—the Chinese Communist Party is already preparing a financial counteroffensive.  Bloomberg cites people familiar with the matter who say Beijing plans to restrict local companies from investing in the United States. This move would […]

Crude prices continue to tread water above $70 (WTI) this morning (holding Monday’s gains on potential sanctions on Russian oil), drifting modestly lower aftr API reported a large crude build overnight ahead of new supply coming this month as OPEC+ begins to unwind 2.2-million barrels per day of production cuts. However the new supply is being […]

Authored by Charles Hugh Smith via OfTwoMinds blog, The global recession will be deeper and longer than those relying on models based on the past two decades of hyper-globalization and hyper-financialization anticipate. While everyone focuses on conflicts between nations, few look at the problems shared by nations. Richard Bonugli and I discuss both sets of problems […]

Despite all the ‘soft’ data slumping and legacy media narrative creation that a recession is imminent, US Factory Orders (hard data) surged for the second month in a row (beating expectations). Headline factory orders rose 0.6% MoM (+0.5% MoM exp) in March and February’s 1.7% MoM jump was revised up to +1.8% MoM. This left […]

By Michael Every of Rabobank “I have also to announce to Congress that during the night and the early hours of this morning the first of the series of tariffs in force upon the European Continent has taken place. In this case the liberating assault fell upon the coast of France. An immense armada of […]

This morning Tesla announced Q1 deliveries of 336,681 vehicles, falling below even the lowest expectations that Wall Street had set for the automaker and marking a -13% plunge in deliveries from the year prior period.  In its press release, Tesla said “the changeover of Model Y lines across all four of our factories led to […]

A bipartisan group of US senators have prepared an anti-Russia sanctions nuclear option in the case that Moscow refuses to sign on to Trump efforts to negotiate an end to the Ukraine war. The 50 Republicans and Democrats which introduced the sanctions package Tuesday are led by Senators Lindsey Graham and Richard Blumenthal, and their […]

Authored by Luis Cornelio via Headline USA, Internal FBI chat logs revealed that the bureau imposed a “gag order” on agents regarding the New York Post bombshell story on the Hunter Biden laptop. Along with showing Hunter’s depravity, the laptop revealed Joe Biden’s involvement in his son’s foreign business dealings.  The chat logs, published Tuesday by the House […]

Despite the ongoing strength in jobless claims data, fears are growing in the soft data that Friday’s payrolls print might be a game-changer. Today, we get a glimpse of what’s possible as, following last month’s ‘weak’ report, ADP’s Employment shows the US economy added 155k jobs in March (more than the 120k expected and almost […]