UAE Pushes For Hormuz Security Force, While Turkey Argues Against Gulf Entry Into War

One of the legacies of Keynesian thought is the belief that war is “good for the economy.” While war may help enable employment, nonetheless, its overall legacy is destructive, and even the jobs war “creates” are economically undesirable.

JPMorgan Limits Lending To Private Credit Groups After Marking Down Loan Collateral The barrage of negative private credit news, now that the $1.8 trillion bubble has burst, is coming hot and heavy.  Following last night's report that Cliffwater, a private credit interval fund which according to Rubric Capital "is the canary in the coal mine and will be the first domino in the bank run” was the latest fund to be hit with 7% in investor redemptions (and unlike BlackRock, interval funds can not gate investors), this morning the FT reported that JPMorgan...

Watch: School Kids Chant "F**k ICE" In Disturbing Classroom Presentation Authored by Steve Watson via Modernity.news, A disturbing video has surfaced showing middle school students delivering a classroom presentation that openly attacks U.S. Immigration and Customs Enforcement (ICE) and promotes unchecked immigration. Dressed in black hoodies, the boys stand before their peers, chanting profanities and gesturing defiantly against the agents protecting America’s borders. The footage captures the students declaring “F*ck ICE” while raising their middle fingers to federal immigration enforcement. Students give a presentation to their class about being pro-immigration and against police officers and ICE They...