China Preps For War: Spy Balloon Belies Much Larger Economic Warning Signs

Iran War Triggers Jump In Americans' Inflation Expectations, Slump In Sentiment While the preliminary UMich survey was undertaken between February 17 and March 9, with about half completed after the start of the US military conflict in Iran, today's final print includes the full month with all the conflict's escalations (and de-escalations). Expectations were for the headline sentiment index to tumble with expectations projected to fall most and consensus was right with the expectations tumbling from 54.1 to  51.7 and current conditions down from 57.8 to 55.8 (worse than expected). Put together, the...

'TRUMP AMERICA AI Act' Repeals Section 230, Expands Liability, & Establishes Centralized Federal Control Over AI Systems Authored by Jon Fleetwood via JonFleetwood.com, U.S. Senator Marsha Blackburn has released a 291-page legislative framework that would repeal Section 230, expand liability across the artificial intelligence ecosystem, and establish a unified federal rulebook governing how AI systems are built, deployed, and controlled in the United States. U.S. President Donald J. Trump (left) and Senator Marsha Blackburn (R-TN; right) The proposal—titled the TRUMP AMERICA AI Act—is being presented as a pro-innovation, pro-safety measure designed to “protect...

Trapped: The Private Credit Exit Door Has Been Locked And Sealed Shut Submitted by QTR's Fringe Finance While headlines are fixated on the Iran war and today’s “feel good” market rally, it is worth noting that beneath the surface, hours ago credit markets just got worse. The latest example comes from Apollo, which has been forced to put the brakes on investor withdrawals from one of its largest retail focused funds, according to Bloomberg. Its $25 billion Apollo Debt Solutions vehicle is the latest private credit flaming bag of shit that has hit...