Atlanta, TSA, and a Test Case for Interventionist Non-Intervention

US Services Surveys Disappoint In April Amid Stench Of Stagflation Despite Manufacturing surveys solid (and US factory orders surging), expectations are for the Services sector surveys today to show stagflationary signals (weak growth, surging prices). S&P Global's Services PMI disappointed in April (final), falling from its flash print of 51.3 to 51.0, but still up from multi-year lows below 50 in March, showing just marginal activity growth despite weak drop in sales volumes. ISM Services PMI also disappointed in April, falling from 54.0 to 53.6 (vs 53.7 exp) amid tumbling new orders and...

The US has lost at least six military aircraft during US-Israeli strikes on Iran on Friday and in the operation to retrieve a pilot and a weapons system officer (WSO) who manned the F-15 fighter jet that was shot down over Iranian territory. On the same day the F-15 was shot down, an A-10 attack […]

Israel is pressing the US to restart heavy airstrikes on Iran that would involve the targeted killing of Iranian Parliament Speaker Mohammad Bagher Ghalibaf, one of Tehran’s lead negotiators, and attacks on the country’s oil infrastructure, Capital & Empire reported on Thursday. The report, which cited US sources familiar with a classified report circulating within […]