Stockman Warns This Is Not Your Grandfather's Stagflation

US Coast Guard Eliminates Race-Based Enlistment Preferences Authored by Naveen Athrappully via The Epoch Times, The U.S. Coast Guard has eliminated race-based preferential enlistment for college students who wish to join the service and commission as officers, the Department of Homeland Security (DHS) said in a May 29 statement. “The program in question, the College Student Pre-Commissioning Initiative (CSPI), includes a preference for students from educational institutions that meet certain quotas for specifically identified racial groups in their student bodies,” DHS said. “Such requirements stand in stark contrast to the Trump Administration’s focus...

US Industrial Production Unexpectedly Drops In March (After Huge Upward Revision For Feb) At first glance the 0.5% MoM decline in US Industrial production (considerably worse than than the 0.1% MoM rise expected - and dragging YoY growth in IP down to +0.74%) is bad news... suggesting immediate impacts from the war are being felt and sparking headlines decrying President Trump's actions. Source: Bloomberg However, while we agree that the decline is notable, the fact that February's data was revised drastically higher, from +0.2% to +0.7% MoM, means that over the two...

Dysfunction, decadence, depravity and a death cult: that, in a nutshell, sums up the mindset now at the heart of the Trump administration. Troubling reports have surfaced that apocalyptic Christian rhetoric is being used to justify the Trump administration’s attacks on Iran as part of an “end-times” struggle between good and evil. “President Trump has been anointed […]