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06-20-26 savo
| victor...DT likes to twist reality.. Meloni was right... DT should have taken her advise and avoid this stupid war which was launched just to please a bunch of bloodthirsty Israeli vampires and ended up being a phenomenal fiasco...again. |
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06-20-26 savo
Argentina Trade surplus roars
May’s merchandise trade report set new records, delivering a US$3.5bn surplus
after an average US$2.6bn monthly surplus in the prior two months. The outturn
was again driven by a sustained surge in exports (+34.4% oya) alongside subdued
imports (-7.0% oya), lifting the year-to-date (YTD) surplus to US$11.8bn—up
sharply from US$1.9bn a year earlier. By segment, the energy balance accounted
for US$2.4bn of the YTD improvement, while non-energy improved by US
$7.5bn, mainly reflecting stronger agro-related exports (+US$3.7bn) and mining
(+US$1.5bn), as well as lower imports (Table 1).
On a seasonally adjusted basis (using INDEC series), the three-month annualized
trade surplus stands at an impressive US$32.2bn, while the 12-month cumulative
surplus has risen to US$21.1bn (Figure 2). With broad-based gains across key
sectors—and alongside a shift toward greater economic openness—Argentina’s
trade balance is increasingly supportive of sustained growth.
The May surplus was primarily explained by continued export momentum and
softer imports. Exports rose 0.6% m/m (sa) in May, following an average +11.2%
m/m (sa) increase over the prior two months. Meanwhile, imports fell 2.5% m/m
(sa), though they remain 6.8% above January’s low. |
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06-20-26 victor
| Italian Prime Minister Giorgia Meloni asked, over and over, for a picture with me during the G-7 meeting in France. She is doing poorly in Italy with her level of popularity, possibly because she turned down the United States of America, a Country that truly loves and protects Italy, when it came to denying Iran from obtaining or developing a Nuclear Weapon (But so did NATO, for that matter!). She wouldn’t even let us use Italy’s landing strips or runways, a great logistical inconvenience, and this despite the fact the U.S. contributes hundreds of Billions of Dollars a year to protect Italy, and other “so-called” NATO Allies. Now, after the United States defeated Iran militarily, she wants to be friends again in order to get her “numbers up.” No thanks!!! President DJT |
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06-19-26 victor
Italian foreign minister cancels trip to US over Trump’s comments about Meloni
US President Donald Trump’s comments to an Italian media outlet about the country’s Prime Minister Giorgia Meloni have sparked a fresh diplomatic incident.
Italian Foreign Minister Antonio Tajani announced Friday that he was canceling a planned trip to the United States, where he was slated to meet with Secretary of State Marco Rubio, in response to Trump’s reported remarks. Tajani called Trump’s claims “offensive,” while Meloni said they were “completely fabricated.”
It is the latest dip in the deteriorating relationship between the once-close leaders and a further fracture between the US and its European allies, coming after signs of repair at the G7 summit this week in France.
In an interview with Italy’s La7 TV, Trump claimed Meloni had “begged” him for a photo at the summit, and he obliged because he felt sorry for her, according to a dubbed Italian translation posted by the outlet.
Meloni refuted the comments in a sharply worded video posted on Friday morning, saying they deserved “an immediate response.”
“Donald Trump’s statements are completely fabricated. I’m frankly shocked. I don’t know why the president of the United States behaves this way towards his own allies, and it’s not the first time it’s happened,” she said in the video posted on X.
“I can only say that it’s a shame he doesn’t have the same determination with the enemies of the West, with the enemies of the United States, with leaderships with which he instead appears much more accommodating,” she continued.
“But you must remember one thing: Italy and I never beg,” Meloni said. |
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06-19-26 victor
carib
Israel attacks Lebanon minutes after new ceasefire
Minutes after the new ceasefire began between Israel and Hezbollah explosions were seen in southern Lebanon.
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06-19-26 carib
| Israel and Hizbollah have agreed to a fresh ceasefire, according to three people with knowledge of the situation |
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06-19-26 savo
| " Since Israel’s withdrawal from Lebanon, the complete lifting of the naval blockade, and the withdrawal of American terrorist forces from the Persian Gulf and the region are among the main conditions of the agreement between Iran and the United States. The Strait of Hormuz will remain closed until these conditions are met. All ships are requested, for the sake of their security and safety, not to approach the Strait of Hormuz. Any vessel that defies this directive will be targeted." |
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06-19-26 savo
🇱🇧🇮🇱 Israel Katz, Israeli Defense Minister, brags about war crimes in Lebanon on Channel 14:
“We have flattened the entire first line of villages in southern Lebanon, all the houses have been destroyed. The residents will never see them standing ever again. The 200,000 Lebanese residents who were in the 'security zone' are never returning again. Not one of them will ever return to southern Lebanon,"
https://x.com/Megatron_ron/status/2067936063142920358 |
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06-19-26 panasonic
| I say let markets do the work, each time me hear Gov. wants a bigger piece of the private sector I have shivers (pls dont tell AOC). |
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06-19-26 carib
Savo: governments and central banks choose moderate positive inflation targets because politically and psychologically they are by far the easiest solution.
Japan is the only large country I know that had a very long period of 0 inflation.. very low growth and increasing debt. Not a good solution.
Anyway, here we have power to buy or sell, not to set inflation targets... |
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06-19-26 savo
the us government should be honest with its people... wars cost money... government costs money... financing part of that cost with taxes and the rest with higher prices at the grocery store is dishonest... then the same government talks about unaffordability... they are the ones making things unaffordable.
And the fed creates a task force to investigate the cause of inflation... the first cause is simply that the government at every turn they always choose inflation... the second cause is that some lunatic in New Zealand invented the 2% target...
Why not minus 2%? Increasing supply and falling prices is the essence of free market capitalism.
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06-19-26 carib
| Savo: actually those dollars come from "protection fees". |
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