From Tariffs to Gold: Reading the Regime

French Bonds Rally As Le Pen Unveils Shadow Budget To Pull France Back From Fiscal Brink European bond and currency markets are signaling growing investor unease over France's political crisis and deteriorating fiscal position, as growing budget deficits under President Emmanuel Macron undermine confidence in the government's ability to stabilize public finances. French bond yields rose Monday before reversing sharply on Tuesday, with the 10-year yield falling to around 4.75% after right-wing presidential candidate Marine Le Pen proposed steep deficit cuts. The bond market reaction suggests investors welcomed the prospect of common-sense...

Democrats Melt Down After Supreme Court Restricts Race Based Gerrymandering The response from Democrats to the Supreme Court's decision to strike down race-based gerrymandering has been predictable - running high in emotion and devoid of objectivity.  The Democrat Party has understood for a long time that much of their power comes from inserting themselves as the spokespeople for the supposed "have-nots".  Racial hysteria being a key weapon in their arsenal to push the ongoing socialization of America.  Its the reason why left-wing NGO's have been dumping millions of dollars into...

Key Events This Week: ISM, FOMC Minutes And Fed Speakers The week after payrolls is usually a quieter affair but there's plenty of global events even if the US calendar is light. In terms of the main highlights, given the current focus on monetary policy the FOMC minutes (Wednesday) and the ECB’s June meeting account (Thursday) will be carefully watched, especially the former given it was the first of the new Warsh regime. Speeches from Fed Governors Waller (Monday), Williams and Logan (Thursday) will provide a more "live" update to the...