Appeals Court Upholds Ban On Student Wearing ‘Only Two Genders’ Shirt
Appeals Court Upholds Ban On Student Wearing ‘Only Two Genders’ Shirt Authored by Zachary Stieber via The Epoch Times (emphasis ours), A U.S. appeals court on June 9 upheld a ban preventing a Massachusetts middle school student from wearing a shirt reading “There are only two genders.” Another prohibition by school administrators, this time blocking […]
Consumer Prices Hold At Record Highs – Up 20% Since Biden Elected
Consumer Prices Hold At Record Highs – Up 20% Since Biden Elected The headline consumer price index was unchanged MoM in May – the smallest change since July 2022 – just less than the +0.1% MoM expected. On a YoY basis, headline CPI rose 3.3% (less than the 3.4% exp) – but very much stuck […]
Japan's May Wholesale Inflation Surges, Challenging BOJ Rate Hike Plans
Japan’s wholesale inflation surged in May at the fastest annual rate in nine months, driven by a weak yen that increased import costs. This rise complicates the Bank of Japan’s decision on raising interest rates, as higher prices from cost pressures could reduce consumption and hinder demand-driven inflation. Analysts note that with energy prices expected […]
Biden Approves Sending 2nd Patriot System To Ukraine Ahead Of G7
Biden Approves Sending 2nd Patriot System To Ukraine Ahead Of G7 “We’re going to continue to drive up costs for the Russian war machine,” White House spokesman John Kirby has said as President Biden departs for meetings with Group of Seven leaders in Italy. The Thursday through Saturday meeting will focus in large part on […]
Market Watches Fed and Inflation Cues as Gold Steadies at $2,300
Gold prices remained steady around $2,300 an ounce in Asian trade on Wednesday, as traders awaited key signals from a Federal Reserve meeting and upcoming inflation data. Despite recent declines due to rising Treasury yields and a stronger dollar, gold found support at this level. The Fed is expected to keep rates unchanged but future […]
Our Apocalyptic ‘New Normal’: Most Global Conflict Since WWII, Most Billion-Dollar Disasters Ever, & Most Hungry People In History
Our Apocalyptic ‘New Normal’: Most Global Conflict Since WWII, Most Billion-Dollar Disasters Ever, & Most Hungry People In History Authored by Michael Snyder via The End of The American Dream blog, Our world is witnessing apocalyptic events so frequently that many of us are starting to become numb to it all. Major wars are raging […]
Futures Set For New Record High Ahead Of CPI, Fed Double Header
Futures Set For New Record High Ahead Of CPI, Fed Double Header Futures are up modestly after another record close on Wall Street heading into today’s double whammy of CPI, and FOMC Dot Plot update, with Nasdaq leading and small-caps lagging. As of 8:00am, S&P futures are up 0.1% to 5,390 and set to extend […]
CPI Preview: “Optimism For A Low Print”
CPI Preview: “Optimism For A Low Print” If May was a month that brought us that much closer to the Fed’s “soft landing” soft landing, where jobs slumped and CPI came slightly below estimates (as we predicted), June has been a mirror image with last week’s payrolls report coming in red hot (if one can […]
US Prepares To Expand Secondary Sanctions On Russia
US Prepares To Expand Secondary Sanctions On Russia More than two years into the war in Eastern Europe, it’s time to ask: What have Western sanctions against Russia actually accomplished? Earlier this year, Russian President Vladimir Putin boasted about Russia’s economic resilience and ability to withstand international sanctions. The West’s attempts to cripple Moscow’s crude oil […]
Are The Jobs Drying Up?
Are The Jobs Drying Up? Authored by Jeffrey A. Tucker via The Epoch Times (emphasis ours), Part of the difficulty in reading economic statistics to discern where we are in the cycle is the huge crater of 2020. A full shutdown like this had never happened before. All data just went nuts, seesawing one way […]