Core PCE Rises Most In 3 Years; Savings Rate Tumbles As Spending Far Outpaces Income

In spite of the GOP's feigned dismay over Morocco's weaponization of migrants against Spanish exclaves in North Africa, US policy supports Moroccan expansionism in the region.

Massachusetts Mayor Charged With Using COVID Loan For Election Campaign, Debt Payments Authored by Aldgra Fredly via The Epoch Times, A Massachusetts mayor was arrested on Aug. 14 on allegations that he fraudulently secured more than $1.5 million in COVID-19 small-business loans to fund his election campaign and pay personal taxes and mortgages. Lawrence Mayor Brian DePeña, 61, was charged with one count of wire fraud and one count of money laundering, according to a statement by the U.S. Attorney’s Office for the District of Massachusetts. DePeña has been released from custody following...

Key Events This Week: PPI, Industrial Production, Q1 Earnings, Iran War When it comes to the week ahead, clearly the Iran conflict will be the main focus, but there are a few other things to look out on the calendar. First, the Q1 earnings season will start to kick off, with this week’s releases including several US financials. DB's equity strategists have a full preview, and they argue that the bottom up-analyst consensus for S&P 500 earnings growth accelerating into the mid-teens (16%) is justified by a favorable macro environment (full...