Why Military Bases Should Never Have Been Gun-Free Zones

Massive Life Support By Benjamin Picton, Senior Markets Strategist At Rabobank Massive Live Support “On massive life support” was Donald Trump’s characterization of the US-Iran ceasefire yesterday. This followed Sunday’s rejection of Iranian terms for peace that Trump described as “totally unacceptable”. In a boy-who-cried-wolf-style sign of growing market insensitivity to Presidential prognostications, Brent was only up 2.88% to $104.21/bbl and WTI crude remains below $100/bbl. Dated Brent rose by 0.6% yesterday to $105.62. This even as the Wall Street Journal reports that the UAE has been “secretly” carrying out attacks on...

Those Big, Beautiful Bonds Authored by Robert Aro via the Mises Institute, The U.S. Government sells debt on a revolving door basis, yet most people aren’t aware of the mechanism by which this is done. Luckily, ZeroHedge covers the debt auction results, which allows us to articulate one of the structural problems in the Federal Reserve system. As reported last week: The week’s lone coupon auction priced at 1pm when the Treasury sold $13 BN in 20Y paper, in a solid if not stellar auction. Deciphering the trader talk in the article, the...

Piper Sandler's Top Economist Sees "Big Bounce" In Consumer Sentiment As Gas Prices Tumble Building on last week's theme of "early signs of a turn in U.S. consumer discretionary," Piper Sandler analysts note that the sharp decline in gasoline prices at the pump is beginning to lift consumer sentiment, particularly among lower-income households. Their proprietary daily confidence data suggest the rebound is still in the early innings, but the direction is clear: cheaper gas is easing pressure on working-class folks. Piper Sandler's chief global economist and head of the firm's economics...