It has been an miserable five years for Turkish citizens who have seen their purchasing power slashed by more than half, and it’s only getting worse. The Turkish lira has cratered against the dollar and most developed currencies, plunging from 3 TRY per dollar, to a record low 7.37 last […]

Authored by John Miltimore via The Foundation for Economic Education, Denmark boasts one of the lowest COVID-19 death rates in the world. As of August 4, the Danes have suffered 616 COVID-19 deaths, according to figures from Johns Hopkins University. That’s less than one-third of the number of Danes who […]

“Late last year, data released by the PBOC and the Russian Central Bank shone a light on a disturbing — at least, for the US — trend: As the Trump Administration ratcheted up sanctions pressure on Russia and China, both countries and their central banks have substantially “diversified” their foreign-currency reserves, dumping dollars and […]

It’s probably nothing but as precious metals are seeing a dramatic bid, the USDollar is tumbling to its lowest since January… Notably, since the March surge in demand for dollars (and dump in gold), the green back has been under pressure and precious metals have soared… As Johnny Bravo recently […]

I had no idea that things had gotten so bad. Earlier today, my wife spoke with the manager of a local grocery store because she wanted to place a large order for some canned goods. What she was told surprised her, and it certainly surprised me. The manager of this […]

The unprecedented implosion of U.S. commercial real estate during the coronavirus pandemic is likely to get worse as newly delinquent CMBS loans are surging as the list of retail store closures continues to rise. Trepp’s June CMBS remittance report showed CMBS delinquencies hit a high of 10.32%, not seen since […]

After the 9/11 terror attacks, when our privacies were permanently revoked, and we entered into “a war which would never end in our lifetimes”, Bush II proclaimed “They hate us because of our freedoms”. Some critics thought that was an almost nonsensical statement to make, while the credulous took it […]

I hate shorting. The risk-reward relationship is out of whack. It feels crappy. I lost a ton of money shorting the worst highfliers a little too early in late 1999. It’s just nuts to short this market that is even crazier than in late 1999. But this morning, I shared […]

A Tulsa, Oklahoma police major says he’s “extremely concerned” that cops across America are on the verge of quitting amid global protests against law enforcement. “Every department, every officer you talk to is looking to leave,” Maj. Travis Yates told Fox News’ “Tucker Carlson Tonight,” adding that he is “extremely […]

Authored by Mike Whitney via The Unz Review, In a pandemic, there is no substitute for immunity, because immunity provides the best protection against reinfection. That’s why Sweden set its sights on immunity from the very beginning. They crafted a policy that was designed to protect the old and vulnerable, […]