Emotion versus Principle: The Fragility of Modern Governance

Jobless Claims Hover Near Record Lows Sustaining 'No Hire, No Fire' Narrative The number of Americans filing for unemployment benefits for the first time was flat from the prior week at 210.5k (215k exp). Simply put, these numbers are hovering near their lowest levels since 1969... Source: Bloomberg Continuing claims also printed below expectations at 1.819 million Americans. This is the lowest level since May 2024... Source: Bloomberg Finally, as a reminder, sentiment surveys suggest the labor market is bifurcated with 'jobs hard to get' but joblessness not surging... Source: Bloomberg That chart reinforces the 'no...

President Trump has threatened to “blow up” the “whole country” of Iran if Tehran doesn’t agree to a deal that he is demanding it sign, as the very fragile ceasefire appears to be on the verge of collapsing. Trump made the comments in an interview with Fox News reporter Trey Yingst. “I just spoke with […]

Secretary of State Marco Rubio on Monday said that the US launched a war against Iran because Israel was planning to attack, an admission that Israeli Prime Minister Benjamin Netanyahu steered the US into the conflict. “It was abundantly clear that if Iran came under attack by anyone, the United States, Israel, or anyone, they […]