Just stop shooting at ships … but this is encouraging
Iranian FM Araghchi said the MoU with the US is in effect and that Tehran wants to return to a peaceful solution, and added that Iran is not interested in continuing the conflict and looks forward to returning to a diplomatic solution.
One building sector surving the interest rates.
Data centers of course. off topic except for rare earth possible silver and copper.
- Resource Competition: The massive capital flowing into data centers drives up demand for specialized labor (like electricians) and materials, occasionally pulling scarce talent away from interest-sensitive sectors like homebuilding. [1]
- Explore economic challenges from Engineering News-Record. [1]
- Read market analysis via Construction Champions Podcast. [1]
Morning Buygold
Gold has turned up right at the levels it needed to , to confirm the 2nd wave down has ended…or it will have if holds…Appreciate the warning this time it may not be needed.
Zero had a piece ysdty saying the Bond mkt is all one way, rates up and that if the Fed raises , it will likely be carnage…..Think that’s why rates are already easing a Tad…..a few getting out and no offers.
Beware the pre-Fed rallies
Looks like pm’s have no fear of the Fed this am, although I think they were up before the prior meeting and then got sold back down after the announcement. I have no idea why they’d be up, other than oil is giving back a couple bucks and the SM futures are a little positive. Rates are down slightly, dollar up slightly.
Come hell or high water, they’ll be sold after the announcement OR if the SM rallies because they didn’t raise, they’ll be sold back down tomorrow. They are sold 100% of the time on either side of a Fed meeting.
In the meantime, we can enjoy it while it lasts.
aufever
Re yr 19.38…….TDS is alive and well here.
Problem is it is everywhere…Most places I go I have to button my lip, or start a war….People are absolutely dead certain he is an idiot, but when asked how many other multi billionaires, you are you aware of, that are idiots…you get mumbling…….
We live in very strange times where black is white and white is black….eg The IRGC are on any sane basis horrific and insane, the idea that they could have Nukes, should not ever be countenanced , they really would use them, they happily just killed @ 40,000 of their own people….. yet when President Trump says basta . The oh so concerned call him mad/Israels poodle…yet it is they who he is looking to save…..
You’ll get no TDS from me, quite the reverse …..but it is so rife if we shut it down, there would be a v few postsers……as an aside …..Anyone who does belief in TDS, also has to think Victor Davis Hanson is a fool…..
Ps he may just revalue Gold, and has certainly set off it’s greatest ever bull market….I think he is wonderful.
maya
The houses were a lot less then. They try to get as much as they can out of people. When the value goes down they can fight back by applying for a decline in value as long as it stays down.
Mortgage Rates?
in 1973 I bought my first house. The mortgage rate was 10% !
Bo Polny…. GOD’S “GREATEST MOVE In HISTORY” CALCULATED | THE GREAT AND TERRIBLE DAY — JOEL 2:31. Fascinating presentation, and Bo’s greatest call to date. Whether he’s right or wrong, we don’t have long to wait.
This is an obvious AI presentation, but taken from Bo’s Biblical research, and explains how Biblical history all points to his conclusion that September 24th, in just a few days, will be “THE GREAT AND TERRIBLE DAY OF THE LORD”. FWIW. SNG is a believer. I hope you are too, but regardless, I hope you all will watch this presentation. IMO these are the World’s End Times. SNG
ipso 22:09
Unfortunately that’s true. Although I wouldn’t say we but certain neocons we should know who they are with the same old weapons of mass destruction story.
I know who made America great
it wasn’t anyone in the Middle East, Africa, South America, nor Mexico or anywhere else. So yes lots of people hate us and we should bomb the shit out of Saudi Arabia and Mecca too. Nuke that crap. I don’t like towel heads or women haters. We effed up not nuking the House of Saud after 9/11
goldielocks
We’re already interfering, we started the whole thing. (at least this round)
Zimbabwe screwing up … again.
Ben Turney
@Ben_Turney
I’ve just posted the following statement on one of the main WhatsApp channels for the mining sector in Zimbabwe
@Mining_Zimbabwe
Following the MoM policy change on 22 May, which banned foreign ownership of what the MoM deemed to be small and medium scale mining, I have just received official confirmation from
@zidainvest
that the licence application for one of the projects I have been working on has been rejected.
This is not a surprise, but has far reaching implications for exploration in Zimbabwe.
For this particular project I had arranged $1.2m in legitimate foreign investment to fund a drill and mine development program to bring a mine back to life. This is a small investment amount in global terms, but is the kind of investment Zimbabwean mine owners badly need many, many hundreds of times over.
It is exceptionally rare for exploration projects around the world to attract $15m in immediate start-up investment (and I do mean EXCEPTIONALLY rare). As it stands, the new threshold effectively stops ALL foreign-backed exploration in Zimbabwe.
For what it is worth, I do not believe this was the intention of the policy, but the lack of consultation has severe consequences as Zimbabwe strives to become an upper-middle income economy, led by the immense potential in the mining sector.
I am very conscious I am a guest in this country. I am a strong believer in self-determination for all nations.
If Zimbabwe does not want people like me to be here that will be a very sad outcome, after nearly 4 years of hard work that has created hundreds of jobs, introduced modern technologies to the country and brought in millions of dollars of positive Foreign Direct Investment.
However, if that is how it has to be then so be it.
ipso
Since no one asked us to worry about it and that oil is not going here we shouldn’t interfere and let them take care of it.
More fun
The Hormuz Letter
@HormuzLetter
·
4h
BREAKING: Yemen’s Houthis have laid naval mines in the Bab el-Mandeb Strait, per a Yemeni military source to DPA.
This comes days after they took over Yemen’s entire Red Sea coast and Perim Island. Both chokepoints between Gulf oil and Asia are now mined.
ipso
For a last resort, if we have our own resources we can also barter, trade and sell and in our currency, we shouldn’t need to trade away our gold.
goldielocks
Yes we have all sorts of resources but none are as suitable to back the currency as gold.
ipso
We still have other resources besides gold. That is as long as the weak links like Europe did cutting off his nose despite his face with “climate change” and throwing away farming and manufacturing when it was the only resources they had. So now they want to trade climate change for here comes the war drums for the resources they threw away.
Admin
The most constantly repeated, ridiculous, absurd conspiracy theories touted on this site, ad nauseum, are the ones about Donald Trump.
Certain posters will neither listen to nor acknowledge facts. TDS is alive and well here.
ferrett
btw Nobody ask them, they just expect them, like NATO but only ones doing anything. How convienant, if they don’t have to ask them then they shouldn’t have to pay or get their own military out there right? Since the plan including Ukraine in NATO even thought it scraps any.pezace deal but they don’t want peace anyways ,maybe they can take our place. They appear to like to solve problems even if they cause the. with violence.
Buygold
I hope we have enough gold to do some meaningful backing. That’s one of the great mysteries! I hope the US is hoovering up gold on the sly.
ferrett
I can’t disagree with Isreal neocons interfering and seeing us like a free war welfare office. But then so does Europe and you don’t think Europe wasn’t sabotaging any attempt for peace because they don’t want peace but a proxy war where they can remain on the side line and let our kids to fight it for them and pay the majority for it so they can steal Russians resources for themselves. They can’t even secure their own border, are broke but pay off billions on a illegal invasion. Do they think they’re going to do their fighting for them? Their allegiance is not to them.
Because of Trump that didn’t exactly work out for them the way they planned. Because of Trump the genocide in Gaza finally stopped but doesn’t mean they will stop if given a chance.
So now what is Europe doing, waiting to get another Biden elected? I don’t know what’s all going on with tarriffs but it can sure bring negotiations to the table from years of status quo.
Buygold, 15:37, “We are doing it much more for others, than we are for ourselves….. “
Nobody, nobody, asked him to do it! Ah, well, OK, the Israelis told him to do it, but no-one else did. Unilateral action, so now unilaterally undo the effects, big boy. I’m very disappointed in him, he has turned out to be at least as gullible as Trump 45, and is now showing increased signs of dementia (which first became clear when he unveiled his tariff rules), insisting that Northern Ireland and Eire should simply re-unite. “It just seems to me that you have Northern Ireland and you have Ireland, and it would seem to me that one of the naturals of all time is put them together,”
Yep, the president of the USA wants to ride roughshod over another country’s right to self determination and democratic processes. As an old lady interviewed on TV exclaimed (and it’s by no means sounds so effective without her Irish indignation) “Before he starts telling us about re-unification he should go home and unify his own country first!”
Meanwhile, Diesel continues its skyward trajectory, he’s trying $1.35tn of bribery to win the mid-terms, is 20 months late on his promise to end the Ukraine war, inflation and interest rates are out of control, partly because of his Iran mistake, all while he continues to threaten allies and enemies alike.

