What Causes Stagflation?

Supreme Court To Review Geofencing In Pivotal Case For Privacy Rights Authored by Joseph Lord via The Epoch Times, The Supreme Court on April 27 will hear oral arguments in a case with major implications for privacy rights—and how law enforcement uses Americans’ cell phone data while investigating crimes. The case, Chatrie v. United States, centers on law enforcement’s use of “geofencing warrants”—judge-authorized requests for cell phone location data near the scene of a crime. Okello Chatrie told the Supreme Court that the government’s use of these warrants, which resulted in a criminal...

Israeli Prime Minister Benjamin Netanyahu has said that the US-Israeli war against Iran is “not over,” pointing to the fact that Iran still has its stockpile of enriched uranium and maintains its ballistic missile program. “I think it accomplished a great deal, but it’s not over,” Netanyahu said when asked if the conflict was over […]

Weather & Weak Demand Drive US PMIs Down To 10-Month Lows In February, But... While 'hard' data has been fading modestly in recent weeks, 'soft' survey data has bounced back but today we get a first glimpse at February's PMIs from S&P Global to see if that survey-based confidence is continuing. It is not as both Manufacturing and Services PMIs dropped notably., Flash US Services PMI Business Activity Index: 52.3 (January: 52.7). 10-month low. Flash US Manufacturing PMI: 51.2 (January: 52.4). 7-month low.    Source: Bloomberg Overall that dragged the US Composite PMI down...