The Danger of Allowing Good Intentions to Override the Constitution

Iran Rejects US Proposed Ceasefire, Counters With 5 Conditions For Ending War, As US Troops En Route Summary Iran Does Not Accept Ceasefire, Issues 5 Conditions, Says US Talks Illogical. The statement says that talks are not viable in current conditions, oil rising. 3,000 elite Army Airborne soldiers & Marines still en route after Trump said Monday says Iran has been destroyed "militarily".  Iran is tightening control of Hormuz, demanding detailed ship data and in some cases large fees for passage. Iran continues to say it is ready for long war, monitors US troop movements: Parliament Speaker...

Headline PCE 'Deflates' In June, First Time Since COVID After three months of significant acceleration in prices, 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) - was expected to slow in June data released today. And it did - more than expected - Core PCE rose 0.1% MoM (below the 0.2% MoM expected) pulling the YoY rise down from +3.4% to +3.3%... The headline PCE saw 0.1% MoM drop in June - its first 'deflationary'...

“That God, which ever lives and loves,One God, one law, one element,And one far-off divine eventTo which the whole creation moves.” — Alfred Lord Tennyson (1809-1892) When American colonists were oppressed by British monarchs, the word most frequently uttered in pamphlets, editorials and sermons was not “safety” or “taxes”; it was “freedom.” Yet, two intolerable […]