Trump Renews Call for Israel to Give Netanyahu a Pardon

US Industrial Production Surged In April Despite record low consumer sentiment (if you believe UMich), this morning saw the Empire Fed survey show New York state factory activity expanded in May at the fastest pace in four years, and firms grew more optimistic about the outlook. That was followed by a much hotter than expected Industrial Production print (up 0.7% MoM vs +0.3% MoM exp and higher than the highest estimate) for April (and March's decline revised stronger), lifting annual growth up to +1.35% YoY... Source: Bloomberg April's gain for US industrial production was...

Israeli Finance Minister Bezalel Smotrich has once again vowed that there will eventually be Jewish settlements in Gaza, saying that “in the end,” Israel will occupy and settle the Palestinian territory, according to The Times of Israel. Smotrich, who also holds a minister position in the Israeli Defense Ministry, said that he expects the US […]

The Inflation Sh*t Is Hitting The Fan Submitted by QTR's Fringe Finance This week was proof that the inflation story that markets desperately want to go away refuses to cooperate. It also adds to the case that new Fed chair Kevin Warsh could have his hands tied — and may ultimately need to redefine inflation to untie them. This week the Bureau of Labor Statistics reported another really ugly wholesale inflation print, adding to a growing pile of evidence that inflation pressures are proving far more persistent than policymakers, economists, and investors had hoped. The Producer Price...