Biden versus Bastiat

President Donald Trump made a sharp reversal and announced that the ceasefire with Iran will continue indefinitely.  “Based on the fact that the Government of Iran is seriously fractured, not unexpectedly so and, upon the request of Field Marshal Asim Munir, and Prime Minister Shehbaz Sharif, of Pakistan, we have been asked to hold our […]

Despite 'Survey' Sadness, Jobless Claims Slide Near Historic Lows The number of Americans filing for jobless benefits for the first time fell to just 207k (below the 213k expected and down from the prior 209.25k) - back near its lowest levels in 5 years (and trend towards its lowest level in 50 years)... Source: Bloomberg Despite a small pick up last week, Continuing jobless claims have been below the 1.9 million Maginot Line since the start of the year... Source: Bloomberg Finally, as the following chart suggests, while it may be "hard to get"...

On Tuesday, Pakistani Prime Minister Shehbaz Sharif said that Islamabad was making progress in mediating a ceasefire between Washington and Tehran. The White House approved Sharif’s statement before it was posted, and it explained the truce would cover all warring parties.  The New York Times reported on Thursday that Washington reviewed and approved Sharif’s statement […]