KISS With Bonds Authored by Michael Lebowitz via RealInvestmentAdvice.com, The average 2024 Wall Street S&P 500 forecast is for a gain of 6.50% next year. In the past, a 6.50% expectation, while…
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West ‘shooting itself in the foot’ with sanctions – Putin
Restrictions have effectively led to Russia increasing its sovereignty, the president has said Western countries are damaging their own economies when they limit Russia’s ability to use their currencies through multiple sanctions,…
World Could Be At The “Foothills Of The Next Copper Cycle”
World Could Be At The “Foothills Of The Next Copper Cycle” The world is sliding into a copper deficit over the next couple of years as one of the world’s largest copper…
Inflation In Real Life Much Worse Than In Government Fantasy World
Inflation In Real Life Much Worse Than In Government Fantasy World Via SchiffGold.com, Inflation is dead! At least that’s what you would think if you listen to government officials and talking heads…
Russia is not our enemy – Slovak lawmaker
Bratislava will work to restore relations with Moscow, Lubos Blaha has said Slovakia seeks peaceful relations with Russia and will not play any part in escalating the conflict in Ukraine, the vice…
Retail Sales Unexpectedly Surged In November
Retail Sales Unexpectedly Surged In November Having surprised to the downside (-0.1% MoM) in October, analysts expected another small decline (-0.1% MoM) for November as the resumption of student loan payments (in…
ECB Holds Rates Steady, Cuts Growth & Inflation Outlooks But…
ECB Holds Rates Steady, Cuts Growth & Inflation Outlooks But… As completely expected, The ECB held policy steady, reiterating its guidance on future moves unchanged: “Based on its current assessment, the Governing…
Trudeau reveals he wanted to ‘put a chill’ on India
The Canadian PM said he publicly linked New Delhi to the killing of a Khalistan activist to protect the Sikh community Canadian Prime Minister Justin Trudeau has said the safety of the…
Russia-Ukraine conflict is a ‘civil war’ – Putin
Russians and Ukrainians are a single people and what is happening now is a great tragedy, said the president Russia has been trying for decades to build normal relations with Ukraine “at…
EU Moves To Sanction ‘Extremist’ Israeli Settlers, Following Biden Administration
EU Moves To Sanction ‘Extremist’ Israeli Settlers, Following Biden Administration The European Union is moving toward imposing sanctions against “extremist” Israeli settlers who are caught waging attacks on Palestinians in the occupied…
80% Of French Support Ban On More Immigration, Two-Thirds Back Referendum
80% Of French Support Ban On More Immigration, Two-Thirds Back Referendum Authored by Thomas Brooke via ReMix News, An overwhelming majority of French citizens do not think their government should welcome any…
Global EV Sales Surge Higher By 20% In November, Market Research Shows
Global EV Sales Surge Higher By 20% In November, Market Research Shows Sales of EVs and plug in hybrids were up 20% globally in November, according to market research firm Rho Motion….
Germany warns of waning Western support for Ukraine
Chancellor Olaf Scholz has proposed dropping unanimity voting requirements for EU enlargement and aid to Kiev German Chancellor Olaf Scholz has blasted Hungary for stalling the EU’s Ukraine aid efforts and accession…
Russia preparing ‘victory budget’ – finance minister
Anton Siluanov has outlined Moscow’s financial priorities for 2024-2026 Russia’s main focus for the next three years will be on funding its military to help it achieve victory in the Ukraine conflict,…
British MPs back Rwanda immigration bill
The emergency law was drafted in response to UK court concerns about the safety of migrant resettlement in the African country British lawmakers have endorsed Prime Minister Rishi Sunak’s proposed emergency legislation…
Russia opens new language center in Africa
The project’s aim is to increase collaboration between Russian and Malian educational organizations A Russian language and culture center was launched at the University of Literature and Humanities (ULSHB) in Bamako, Mali…
Putin rules out additional mobilization
About 244,000 reservists are currently in the conflict zone, in addition to contract troops and volunteers, the Russian President has said Russia does not need to announce another wave of mobilization to…
NATO announces major spending increase
The organization’s budgets for 2024 will be boosted by between 12% and 30%, it has announced NATO members have agreed to significantly increase the organization’s civil and military budgets for 2024. The…
Russian GDP growth to hit 3.5% – Putin
The president has praised the country’s economic performance in his annual address The Russian economy has shown strength and stability in the face of outside pressure, with GDP expected to reach 3.5%…
Putin answers nation’s questions at marathon live event
More than 2 million texts and calls have been submitted by people for the ‘Results of the Year’ event with the president Russian President Vladimir Putin is hosting a marathon press conference…
Top MP speaks on major Russian offensive
The areas where Moscow’s forces will break through Ukrainian defenses have already been decided, Andey Gurulev has claimed Russia is preparing a major offensive against Ukrainian forces, to be paired with a…
Nigel Farage Now Far More Pupular Among UK Conservatives Than PM Sunak
Nigel Farage Now Far More Pupular Among UK Conservatives Than PM Sunak Nigel Farage’s decision to take part in reality TV show I’m a Celebrity, Get Me Out of Here has proven to be…
Ukraine conflict will end ‘in months’ – Chechen leader
Kiev will run out of resources soon, sealing its fate by next spring or summer, the Chechen leader has predicted The Ukraine conflict will likely be over by the spring or the…
How Dangerous Are Germany’s ‘Reichsbürger’?
How Dangerous Are Germany’s ‘Reichsbürger’? German prosecutors filed terrorism charges against 27 people yesterday for an alleged plot to topple the government which came to light last December. Among the accused are…
US has only $1 billion left for Ukraine – White House
Around 96% of the authorized funds have been used up, with the rest to be spent this month, Karine Jean-Pierre has said The administration of US President Joe Biden is running out…
Napoleon: Europe’s First Egalitarian Despot
Napoleon: Europe’s First Egalitarian Despot Authored by Ryan McMaken via The Mises Institute, With the release of Ridley Scott’s new film Napoleon, viewers encounter a cinematic version of Napoleon caught up in a tumultuous…
German army losing manpower – Bild
Bundeswehr Inspector General Carsten Breuer had previously expressed concerns about the nation’s war readiness The German army has neither the strength nor the equipment required to effectively defend the nation, the tabloid…
Zelensky tells critics to ‘go to the front line’
The leader was asked to address charges that he has worked to consolidate power Ukrainian President Vladimir Zelensky has urged his detractors to “go to the front line” instead of “crying” about…
Ukrainian drone attack on Moscow repelled – mayor
Russian air defenses downed two UAVs near the city, according to Sergey Sobyanin Ukrainian forces made another attempt to attack the Russian capital with two UAVs, which were hit outside of the…
December 14th – 2023 Presidential Politics – Resistance Day 1059
In an effort to keep the Daily Open Thread a little more open topic we are going to start a new daily thread for “Presidential Politics”. Please use this thread to post…
Thursday December 14th – Open Thread
Our Father, who art in heaven, hallowed be thy Name. Thy kingdom come. THY WILL BE DONE, on earth as it is in heaven. Give us this day our daily bread. And…
Replacing tech of runaway firms not enough – Russian business lobby chief
Reverse engineering products and improving their designs is the way to enhance international competitiveness, Aleksandr Shokhin said It is not sufficient for Russia to simply reverse engineer the products of foreign firms…
The Senate Passes 2024 NDAA Bill 87-13 Which Includes Four Month FISA Extension and $300 Million for Ukraine
As expected, the Senate dropped all the woke restrictions from the National Defense Authorization Act (NDAA) and added $300 million for Ukraine along with a four-month extension of the FISA 702 authority…
Signatories Of Hunter Biden Laptop Letter Now Demand Greater Domestic Surveillance
Signatories Of Hunter Biden Laptop Letter Now Demand Greater Domestic Surveillance Authored by Eric Lundrum via American Greatness, A handful of the 51 signatories of the debunked letter which falsely called Hunter…
Russia brings AI to farming – report
Self-driving tractors have tilled over two million hectares of land in 2023, according to Cognitive Pilot The mass introduction of AI-based (artificial intelligence) autonomous tractors into the Russian agro-industrial sector has begun,…
World trade suffering decline – UN
The downturn is due to geopolitical tensions and export underperformance from developing nations, according to a report Global trade will contract by 5% in 2023 compared to last year, the United Nations…
Trump Demands Action After 20% Of Mail-in Voters Admit To Fraud In 2020 Election Survey
Trump Demands Action After 20% Of Mail-in Voters Admit To Fraud In 2020 Election Survey Authored by Tom Ozimek via The Epoch Times (emphasis ours), Former President Donald Trump issued an urgent…
Judge Chutkan Indicates She Will Have to Pause DC Prosecution Until Presidential Immunity Decided
In a three-page opinion and order [pdf Available Here], DC District Court Judge Tanya Chutkan outlines that she may be forced to pause the case against President Trump until the appellate court,…
Putin to answer the nation’s questions at marathon event on Thursday
Unlike in previous years, the Russian president will be holding a Q&A session for both journalists and the public at once Russian President Vladimir Putin will answer questions from members of the…
NYC Finance Jobs Hit Twenty-Year High
NYC Finance Jobs Hit Twenty-Year High A new report from the New York State Comptroller Thomas P. DiNapoli reveals that the number of securities-industry workers in New York City has hit a twenty-year high…
Hamas leader names conditions for peace talks
The group’s political chief said any post-war plan that excludes Hamas would be a “delusion” The head of Hamas’ political bureau, Ismail Haniyeh, has said the militant group is open to negotiations…
Biden Scores Win As Supreme Court Throws Out Federal COVID-19 Vaccine Mandate Cases
Biden Scores Win As Supreme Court Throws Out Federal COVID-19 Vaccine Mandate Cases Authored by Zachary Stieber via The Epoch Times (emphasis ours), The Supreme Court on Dec. 11 threw out three…
“Most Of The World Was Against Me”: Djokovic Says He’s Not Anti-Vaccine, But ‘Pro-Freedom To Choose’
“Most Of The World Was Against Me”: Djokovic Says He’s Not Anti-Vaccine, But ‘Pro-Freedom To Choose’ The world’s #1 tennis player Novak Djokovic says that he’s not against vaccination – he’s for…
Florida High School Fined For Letting Boy Play On Female Sports Team
Florida High School Fined For Letting Boy Play On Female Sports Team Authored by Zachary Stieber via The Epoch Times (emphasis ours), A Florida high school has been fined for letting a…
Tech Bros Fight Back Against Democrat Socialist Who Blames “Capitalism” For Poop-Covered San Fran Streets
Tech Bros Fight Back Against Democrat Socialist Who Blames “Capitalism” For Poop-Covered San Fran Streets The CEO of startup incubator Y Combinator, a registered Democrat, has had enough of radical progressive lawmakers in…
70% Of Deaths From Pfizer Vaccine In Japan Reported Within 10 Days Of Jab: Study
70% Of Deaths From Pfizer Vaccine In Japan Reported Within 10 Days Of Jab: Study Authored by Naveen Athrappully via The Epoch Times (emphasis ours), Around 70 percent of people who died…
DC Transit Could Become “Unrecognizable” With Drastic Service Cuts, Layoffs Amid Deficit
DC Transit Could Become “Unrecognizable” With Drastic Service Cuts, Layoffs Amid Deficit Millions of metro riders in crime-ridden Washington, DC, could face hellish commutes in the coming months as the district’s public transportation…
Peter Schiff: Joe Biden Doesn’t Have Anything To Take Credit For
Peter Schiff: Joe Biden Doesn’t Have Anything To Take Credit For Via SchiffGold.com, Most mainstream pundits characterized the November jobs report as a “Goldilocks” report. Job growth was strong enough to support the “soft…
President Trump Speaks to Supporters in Coralville, Iowa – 7:00pm Livestream
President Trump is talking at a Commit to Caucus Event in Coralville, Iowa, on Wednesday, December 13, 2023, at 7:00 p.m. ET. Livestream Links Below RSBN YouTube Livestream – RSBN Rumble Livestream…
Ford CEO Says Video Of Stuck Cybertruck Was Not Intentionally Staged For PR Purposes
Ford CEO Says Video Of Stuck Cybertruck Was Not Intentionally Staged For PR Purposes Ford CEO Jim Farley made an odd comment on ‘free speech’ social media platform X, stating that the video…
Supreme Court Will Hear Dispute Over Twisted Jack Smith Obstruction Law Used to Indict J6 Defendants and Donald Trump
Two of the charges against Donald Trump are centered around 18 U.S. Code § 1512(c)(2), part of the 2002 Sarbanes-Oxley Act. As noted by Julie Kelly, “The statute was meant to close…
Final Batch Of Pfizer Documents Released By FDA
Final Batch Of Pfizer Documents Released By FDA Authored by Megan Redshaw via The Epoch Times (emphasis ours), (Marco Lazzarini/Shutterstock) The FDA released the final batch of documents it relied upon in…
Pentagon Seeks EMP Weapon To Eliminate Drone Swarms
Pentagon Seeks EMP Weapon To Eliminate Drone Swarms Faced with the reality that drones are reshaping the modern battlefields in Ukraine and Gaza, the Pentagon has been tasked with finding a budget-friendly…
How Tax-Exempt Nonprofits Skirt U.S. Law To Turn Out The Democrat Base In Elections
How Tax-Exempt Nonprofits Skirt U.S. Law To Turn Out The Democrat Base In Elections Authored by Steve Miller via RealClear Wire, Even as Democrats such as Sen. Sheldon Whitehouse warn of “right-wing…
Could This Supreme Court Case End Government Overreach By Three-Letter Agencies?
Could This Supreme Court Case End Government Overreach By Three-Letter Agencies? Submitted by Gun Owners of America, What do fishing, Three Letter Agencies, and gun rights all have in common? Well, thanks to…
Let The Games Begin: Biden Impeachment Inquiry Authorized By House
Let The Games Begin: Biden Impeachment Inquiry Authorized By House The House on Wednesday approved the launch of a formal impeachment probe into President Biden, just hours after Hunter Biden ditched Congressional…
US Blocks Transfer Of Over 20,000 Rifles To Israel Over Settler Violence
US Blocks Transfer Of Over 20,000 Rifles To Israel Over Settler Violence There’s been some serious mixed messaging and contradictory signals coming from the White House of late regarding Israel and the…
US Congress votes on Biden impeachment
The GOP-led House has passed a Republican resolution to formalize an impeachment inquiry against the president The Republican-controlled US House of Representatives voted on Wednesday to formalize the party’s ongoing impeachment probe…
The Trojan Horse That Would Force Your Barista To Spy On You
The Trojan Horse That Would Force Your Barista To Spy On You Authored by Gene Schaerr via RealClear Wire, It was T.S. Eliot who coined the phrase “wilderness of mirrors” in his…
Boston Boondoggle: Sanctuary City May Grant Voting Rights To Noncitizens For Local Elections
Boston Boondoggle: Sanctuary City May Grant Voting Rights To Noncitizens For Local Elections In a controversy-sparking move, Boston, a self-proclaimed sanctuary city, is weighing a resolution to allow immigrants with “legal status”…
EU unblocks part of frozen funds for Hungary
The decision comes just a day before the bloc is set to discuss new aid to Kiev and accession talks opposed by Budapest The EU Commission announced it was releasing billions of…
Israel Orders Ports To Hide Online Shipping Schedules Due To Yemen Threat
Israel Orders Ports To Hide Online Shipping Schedules Due To Yemen Threat Via The Cradle, Israel’s National Security Council issued an “urgent instruction” on Tuesday ordering Israeli ports to remove information on…
The Awakening: Donors Are Finally Seeing The Radicalization Of American Higher Education
The Awakening: Donors Are Finally Seeing The Radicalization Of American Higher Education Authored by Jonathan Turley, “How many lives are 1200 Israelis worth?” That chilling question was put forward by a Rhode…
Powell “Pivots”, Sends Dow To Record High With Election-Year Rate-Cut Projection
Powell “Pivots”, Sends Dow To Record High With Election-Year Rate-Cut Projection Did Powell get a ‘Biden-esque’ tap on the shoulder? The Powell pivot begins. Dec 1: “It would be premature to ……
The Fed Is “All Over The Place & Just Guessing”
The Fed Is “All Over The Place & Just Guessing” Authored by Peter Tchir via Academy Securities, Let’s start with the dots. So year-end 2024 is “only” back to where it was…
‘Many prefer to see Jewish people dead’: RT speaks to Israeli MP about Gaza operation
The elimination of Hamas will make the region a safer place for both Israelis and Palestinians, Israeli politician Sharren Haskel says Israel’s operation in Gaza has entered its third month. The campaign…
Controlled Information Beta Test Underway?
Someone asked: …”[Alex] Jones’ theory of the “massive cyber-attack” that requires a lockdown of the internet, followed by a limited access/controlled access internet where only approved (“safe”) sites can be accessed is…
Jim Grant: We’ve Yet To Feel The Full Consequences Of The “Era Of Free Money”
Jim Grant: We’ve Yet To Feel The Full Consequences Of The “Era Of Free Money” Via SchiffGold.com, In a recent interview with Forbes, economic commentator and historian Jim Grant warned that we haven’t fully…
FBI probing Russian who flew to US without passport – media
When questioned the man said he couldn’t recall how he’d traveled to the United States A man who said he couldn’t recall how he bypassed security and flew from Denmark to Los…
UK at risk of ‘catastrophic’ cyber attack ‘at any moment’ – report
British systems are in danger due to a chronic lack of investment, according to a government study The United Kingdom is vulnerable to a “catastrophic” cyber attack that could cripple large sections…
Biden Meets With Families Of 8 American Captives Still Held In Gaza
Biden Meets With Families Of 8 American Captives Still Held In Gaza President Biden says he’s looking to restart Israel-Hamas negotiations in order to gain the freedom of the several Americans still…
Fed ‘Dovish Pivot’ Sparks Panic-Bid In Bonds, Stocks, & Gold
Fed ‘Dovish Pivot’ Sparks Panic-Bid In Bonds, Stocks, & Gold Between the ‘dovish’ dots and the optimistic inflationary comments (and SEP), The Fed delivered more than the doves could have hoped… Looking…
Watch Live: Will Fed Chair Powell Unleash The Hawknado?
Watch Live: Will Fed Chair Powell Unleash The Hawknado? So, as expected, The Fed did nothing on rates, adjusted its dots dovishly (more than expected), and the market kneejerked exuberantly… Gold, bonds,…
Fed ‘Dots’ Signal Major Dovish Pivot For Election Year
Fed ‘Dots’ Signal Major Dovish Pivot For Election Year Tl;dr: Powell “pivoted”. Instead of the old mantra of “don’t fight The Fed”, it appears The Fed’s new mantra is “don’t fight the…
Germany may declare emergency if situation in Ukraine ‘worsens’ – Scholz
Chancellor Olaf Scholz has called on Germany’s parliament to bypass the national debt threshold for the sake of helping Ukraine Germany might have to declare an emergency at home just to provide…
Sad Meatball 2 – President Trump Beating Governor DeSantis by 41 Points in Florida
You might be having a bad week if you are touting yourself as the next best hope for Casey’s tiara and you find yourself losing by 41 points to the guy you…
EU state dismantles monument to its WWII liberation from Hitler
Moscow slammed the removal of the Red Army statue in Bulgaria’s capital, Sofia, as “rehabilitation of Nazism” The dismantling of a 37-meter tall monument honoring the Soviet Army soldiers who liberated Bulgaria,…
Millions of Ukrainians forced offline: who’s behind one of the biggest ever cyberattacks
The IT systems of Ukraine’s largest telecommunications operator have been partially destroyed Ukraine’s primary mobile network provider, Kyivstar, has been brought down by what is described as one of the biggest cyberattacks…
Apple changes user data policy amid spy warning
A US senator said last week that governments have been monitoring smartphone users Tech giant Apple now requires a court order to disclose data about users’ push notifications, making it more difficult…
Hunter Biden defies Congressional summons
The US president’s son insists that his father was not involved in his business, but refuses to testify under oath US President Joe Biden’s son Hunter has refused to comply with a…
Fact-checking Zelensky’s claims that Ukraine is achieving frontline ‘successes’
RT reviews Ukrainian leader’s account of Kiev’s gains in the conflict and compares it to Russian statements and open-source data Kiev’s forces haven’t lost a single village to Russia and have actually…
Kiev urges EU not to wait for US
Ukrainian Foreign Minister Dmitry Kuleba warned that hesitation on Brussels’ part could have “devastating” consequences EU leaders should stop looking to Washington when making decisions regarding continued support for Kiev, Ukrainian Foreign…
Dot Plot To Show Fed Less Enthusiastic On Rate Cuts Than Markets
Dot Plot To Show Fed Less Enthusiastic On Rate Cuts Than Markets By Ven Ram, Bloomberg Markets Live reporter and strategist For a big Fed day, the one aspect that traders are…
Sad Meatball – Chris Sununu Slights DeSantis, Endorses Nikki Haley
This stuff is so predictably pathetic it can make your skin crawl, or you can laugh at it. Choose the latter. Chris Christie and Ron DeSantis both chased the ‘coveted‘ Chris Sununu…
Goldman Sachs Shutters Its “Paris-Aligned” Climate ETF
Goldman Sachs Shutters Its “Paris-Aligned” Climate ETF Another day, another ESG pipe dream falling victim to the reality that we’ve been pointing out for years: “green” investing and ESG is a grift….
Powell Won’t Be Yellen’s Sock Puppet Today
Powell Won’t Be Yellen’s Sock Puppet Today By Michael Every of Rabobank Wall Street ultimately ignored the US CPI report (stocks closed slightly up, bond yields little changed, the dollar down) because:…
Timofey Bordachev: The EU is now dealing with the consequences of its huge strategic failure
The bloc tried and failed to become an independent global power, now its chickens have come home to roost Whether many of us in Russia are prepared to admit it or not,…
Moscow outlines conditions for Middle East peace
Foreign Minister Sergey Lavrov has reiterated support for a two-state solution to the Israel-Palestine conflict, arguing that US plans will inevitably fail Sustainable peace in the Middle East can only be achieved…
Guyana vows to defend itself ‘by all means’ amid territorial dispute
Presidential talks over the contested Essequibo region are set to begin on December 14 Guyana will defend itself by any means available amid escalating tensions with Venezuela, Vice President Bharrat Jagdeo has stated. The…
Supreme Court Agrees To Hear Controversial Abortion Pill Case
Supreme Court Agrees To Hear Controversial Abortion Pill Case The US Supreme Court on Wednesday agreed to review an August decision by an appeals court which cut off access to a widely-used…
WTI Holds Gains After Big Crude Draw; Biden Admin Unexpectedly Drains SPR
WTI Holds Gains After Big Crude Draw; Biden Admin Unexpectedly Drains SPR Oil prices are rebounding modestly today after yesterday’s puke (though WTI is still on pace for its longest weekly losing…
Israel flooding Hamas tunnels – WSJ
With the lives of hostages at stake, the Israeli government is reportedly keeping the operation quiet The Israeli military has begun pumping seawater into Hamas’ underground tunnel network beneath Gaza, the Wall…
India shifts position on Gaza, backs UN ceasefire resolution
New Delhi had previously abstained on a draft resolution submitted by Jordan, citing India’s “zero-tolerance policy” on terrorism India voted in favor of the resolution put before Tuesday’s United Nations General Assembly…
Hamas Leaders Flee Qatar, Enter Hiding, After Israel Declares They’ll Be Hunted Down
Hamas Leaders Flee Qatar, Enter Hiding, After Israel Declares They’ll Be Hunted Down Following the end of the weeklong Israel-Hamas truce, there were international efforts to revive the Doha-based negotiations, but to…
Putin aide reveals huge increase in number of Russian mosques
The last three decades have seen a record rise in the number of Muslim places of worship, a top official has said Russia has witnessed a record surge in the number of…
EU won’t stifle gas revenue – Moscow
Brussels is reportedly working on legislation allowing member states to independently ban Russian fuel EU plans to authorize member states to individually block imports of Russian gas will fail, according to Russian…
Chinese pipeline opens route for landlocked African state’s oil – Reuters
Niger will reportedly supply crude to a port in neighboring Benin Niger plans to start supplying the international market with crude oil next month, Reuters has reported, citing the country’s military government….
Expect Fed To Maintain ‘Higher For Longer’ With Steeper Dots Curve
Expect Fed To Maintain ‘Higher For Longer’ With Steeper Dots Curve Authored by Simon White, Bloomberg macro strategist, Market expectations of interest rate cuts are unlikely to be endorsed by the Federal…
‘No one will stop us from destroying Israel and the US’: How Lebanon is preparing for a war over Gaza that it doesn’t want
An RT correspondent reports from Lebanon, which is suffering from an economic crisis and Israeli shelling, on how the country feels about the brewing war Lebanon has faced many challenges in the past…
Pfizer Shares Plunge On Gloomy 2024 Outlook
Pfizer Shares Plunge On Gloomy 2024 Outlook Shares of Pfizer tumbled in premarket trading in New York after the pharmaceutical company announced a forecasted revenue slump next year. The dismal outlook falls…