UK Voters Call For Lower Taxes & Energy Bills As Economic Concerns Grow

Barclays Warns Potential US Diesel Export Ban Could Backfire Senate Majority Leader John Thune revived discussion of a potential US diesel export ban with reporters Tuesday, a day after Interior Secretary Doug Burgum said any export halts on crude or petroleum products were unlikely to lower consumer prices. The divergence in messaging suggests growing pressure across the Trump administration to contain surging fuel costs ahead of the midterm elections as the global refining crisis pushed the US diesel crack spread to a record $117 a barrel early Wednesday morning. US Diesel...

Who's Afraid Of Emmanuel Macron? Authored by J.B.Shurk via AmericanThinker.com, French President Emmanuel Macron is doing that peculiar French thing again…acting tough while looking weak.   He gave a speech last Friday at Yonsei University in Seoul during which he demanded that nations not become “vassals” of China or the United States.  Macron wants South Korea to join Canada, Australia, and the European Union in forming what he calls a “coalition of independence” (because “coalition of the willing” was taken) united by shared love for “international order,” “democracy,” and wasting money on “climate change.” What a tool.  I...

Lacy Hunt Turns Bearish Bonds: Studying His Reversal Authored by Michael Lebowitz via RealInvestmentAdvice.com, Economist Lacy Hunt has been a bond bull longer than most money managers have been in the business. Recently, he made a surprising U-turn on his bullish stance. The following paragraph opens his Second Quarter Review and Outlook. The structural backdrop for U.S. inflation increasingly suggests that the long-run equilibrium range is migrating from roughly1.5–3.5% toward 3.5–4.5%, with a significant risk of episodes of inflation above 5%. An important core reason is the steady erosion of the disinflationary architecture...