Submitted by John Rubino via DollarCollapse.com,
The dollar is tanking lately - apart from today's biggest jump in 2 months. From a high of around 100 in December, the dollar index — which measures USD against a basket of foreign currencies — is down about 8%, and the decline is steepening. In counterintuitive currency war terms, that means the US is winning the latest battle.
An Israeli military court has ordered that a well known Palestinian journalist is to be held for four months without trial or any charges, under the country’s controversial ‘administrative detention’ law. An Israeli army spokeswoman said on Monday said Omar Nazzal is being held on suspicion of “unlawful activity” for the Popular Front for the Liberation of Palestine, a small PLO faction that has been labeled a terrorist organization by Israel.
First snoball of the summer. Flavor: butterbeer. “I told you I love Harry Potter,” my client said.
There is one group of investors who will be closely watching Tesla's results due out tomorrow: the shorts. The reason is that with the stock trading near record highs following a dramatic rebound from the February lows when it plunged to $150, only to rebound back to $250, short sellers have stubbornly refused to step away, and as the chart below shows, short interest remains just shy of record high.
Michael Bloomberg gave a not so popular commencement address at the University of Michigan over the weekend. The former champion of banning large sugary drinks was surprisingly critical of college "safe spaces", the new trend that's sweeping the nation.