Alliance Fracture Is Now Global

Two Thirds Of Americans Still Think It's A Bad Time To Buy A House Americans looking to buy a house are currently facing conditions that make it hard for anyone but the very wealthy to afford buying a home. Elevated home prices combined with mortgage rates that have rebounded from historic mid-pandemic lows to levels last seen in the early 2000s are causing major headaches for would-be home buyers. To make things worse, many Americans had to dip into their savings during the past few years of high inflation, making it very hard...

The Kohn Solution For An Uncertain Fed Via RealInvestmentAdvice.com, Dario Perkins of TS Lombard wrote a piece titled “How to Respond to Oil Shocks.” His analysis draws on the Fed’s history to address how it should respond to today’s oil shock. While researching Fed transcripts from the 1990 Gulf War, he discovered a proposal by Don Kohn, senior Fed staffer, that offers a solution to the central bank’s oil shock problem: nominal GDP targeting. Kohn’s logic is straightforward and makes sense in the current environment where the Fed is contemplating monetary policy as...

Cuban Leader Warns Of Potential 'Bloodbath' If US Takes Military Action Authored by Jack Phillips via The Epoch Times (emphasis ours), Cuba’s leader on Monday warned that any U.S. military action against the communist-controlled island nation would cause a “bloodbath” and lead to regional insecurity. Cuban President Miguel Diaz-Canel delivers a speech during a plenary session of the Eurasian Economic Forum in Minsk, Belarus June 26, 2025. Sputnik/Sergey Bobylev/Pool via REUTERS “If it were to materialize, it would trigger a bloodbath with incalculable consequences, plus the destructive impact on regional peace and stability,”...