United States

Real-estate prices in the Hamptons – the preferred North American summer retreat for wealthy finance types – have long been viewed as a barometer of the general mood on Wall Street. And with US stocks continuing their ascent to fresh record highs, despite Brainard’s admission that "asset valuations do look a bit stretched" and signs that the rally is being propelled by a concentration of megacap stocks, luxury real-estate agents out east are clearly praying for a blockbuster season after last year's disaster.

Is Amazon getting too big?

Authored by Michael Snyder via The Economic Collapse blog,

After reading this article, you will never look at tap water the same way again. 

After falling for the first time this year two weeks ago, Baker Hughes reports US oil rig count rose once again (up 2 to 765) for the 24th week in the last 25, to the highest since April 2015.

"The so-called re-balancing is likely to happen later than earlier," Michael Poulsen, an analyst at Global Risk Management Ltd, said on Friday.

It does appear we have reached an inflection point in the rig count numbers (if the historical relationship with crude holds)...

Authored by Patrick Buchanan via Buchanan.org,

“Is Russia an enemy of the United States?” NBC’s Kasie Hunt demanded of Ted Cruz. Replied the runner-up for the GOP nomination, “Russia is a significant adversary. Putin is a KGB thug.”

To Hillary Clinton running mate Tim Kaine, the revelation that Donald Trump Jr., entertained an offer from the Russians for dirt on Clinton could be considered “treason.”

Treason is giving aid and comfort to an enemy in a time of war.