Reckless Provocations w/Scott Horton

Buckle Up For A Wild Week Authored by James Howard Kunstler, The Earth Moves Just a Bit “Operation Epic Fury was the loud one. Operation Economic Fury is the quiet one. . . . While the carriers were on television, Treasury was doing the actual demolition.” - Jesús Enrique Rosas on X Expect a consequential week. The Persian Gulf remains closed and colossal oil slicks leak out of Kharg Island while Iran blusters and stomps its feet. No one can even try to buy its oil anymore, not even China. The sanctions are too...

Jobless Claims & JOLTs Confirm 'Higher Hire, No Fire' Economy With JOLTs data showing record hiring (and ADP signaling acceleration in job additions), today we get some signal on firings as the number of Americans filing for unemployment benefits for the first time was at 200k last week (below the 205k exp) and continuing to languish near multi-decade lows (near 1967 lows!!)... Source: Bloomberg Non-seasonally adjusted across all the states saw a 299k drop in claims led by Rhode Island and Arizona (California and Michigan saw the biggest increases)... Continuing jobless claims also...

The Gerrymander Debacle In Virginia Leaves The Democratic Party With A Dangerous Agenda Authored by Jonathan Turley via jonathanturley.org, “Eff around and find out”: That taunt from Hakeem Jeffries celebrating Virginia’s gerrymander did not age well. On Friday, the House minority leader found out that Virginia’s Supreme Court was not quite as gleeful as he about Democrats’ attempt to virtually eliminate Republican representation in the purple state. The court just cooked the party’s infamous lobster, a district over 100 miles long that was designed to help devour the GOP’s slender majority in the House of Representatives. It also cooked...