A 10% Dip Is Not A Green Light To Go All In

Savings Rate Slides As Fed's Favorite Inflation Gauge Slowed In February (Ahead Of War) The Fed's favorite inflation indicator - Core PCE (a measure of price changes in consumer goods and services that excludes volatile food and energy costs) - rose 0.4% MoM in February (pre-war), in line with expectations, with YoY rising 3.0% (as expected - lowest since Dec), down from January's +3.1%... Source: Bloomberg The YoY Core decline is coming off January's highest level since March 2024, with Services cost inflation slowing notably... The headline PCE also rose 0.4% MoM (as...

Hayek, Orwell, And 'The End Of Truth' Authored by Jonathan Miltimore via Civitas Institute, In 1942, after fighting in the Spanish Civil War (1936–1937), a disillusioned writer returned to London to write about his experience. It wasn’t just that the fascists in Spain had won and his side—a small, anti-Stalinist Marxist group—had lost. What frightened him was the ease with which truth itself had been erased and replaced by propaganda. “I saw great battles reported where there had been no fighting, and complete silence where hundreds of men had been killed. I...

Iran said that it would respond with “heavy attacks” if the US continues to strike its ships. Last week, President Donald Trump escalated enforcement of the blockade on Iran by attacking its vessels.  A statement published by the Iranian military on Saturday explained, “Any attack on Iranian tankers and commercial vessels will result in a […]