Tomorrow's Testimony: Kevin Warsh To Walk Tightrope On Rates, Inflation And Fed Independence

"We're Really In Uncharted Territory..." Authored by James Howard Kunstler, Games Nations Play “I am sick of serving in Congress with immoral freaks who abuse their office and bring dishonor to the institution.” - Rep Anna Paulina Luna You have entered the season of chaos. Better get used to it. The center quit holding a long time ago, and now even the margins are quivering. Buckle up and batten down. It will probably get rougher and weirder. Struggle is everywhere. Iran Declares Victory Will Iran reopen Hormuz or not? They really only have days to stop...

The Frozen Market For Homes Authored by Jeffrey Tucker via The Epoch Times, Mortgage rates on a 30-year loan just hit 7 percent, intensifying problems on the demand side. Mortgages plus insurance—which turns a half-million dollar house into a $1.2 million house plus property taxes—became unaffordable for another class of buyers while already out of reach for most people. On the supply side, millions of existing homeowners are locked into COVID-era mortgages of 3 percent or lower, which makes them negative in real terms. That’s a great deal unless you sell and...

Ship Of Shame: Australia Saved By Trump's Emergency Fuel Shipments It's no secret that Europe and western satellite nations like Canada and Australia have been rather hostile in rhetoric when it comes to the US.  This trend started well before the war in Iran and is owed largely to the ideological break between American conservative movements and European globalists and "multiculturalists".   The Trump Administration's trade tariffs are a big factor, but they are ultimately just another reflection of the separation of ideals between the US and its liberal "allies".  At bottom,...