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New Fed Chair Kevin Warsh's Job Is Impossible
New Fed Chair Kevin Warsh's Job Is Impossible
Submitted by QTR's Fringe Finance
Congratulations to Kevin Warsh on officially becoming the next Federal Reserve chair. Unfortunately for him, he may have just accepted the worst job in global finance at the worst possible moment.
Warsh was narrowly confirmed this week in the most partisan Fed chair vote in modern history, inheriting a central bank that has spent years under political attack while gliding straight into a macroeconomic minefield. Inflation just accelerated to a three-year high. Oil is higher amid Middle East tensions....
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Jun 6, 2026 / Tyler Durden
UN Food Agency Warns Millions Pushed Into Hunger By Prolonged Iran War
UN Food Agency Warns Millions Pushed Into Hunger By Prolonged Iran War
The United Nations food agency is sounding a catastrophic alarm on the macroeconomic fallout of the ongoing conflict in Iran and the Persian Gulf region. According to the World Food Programme (WFP), millions of people are actively being plunged into acute hunger due to the war - realizing a grim trajectory the agency previously warned would occur if the Middle East crisis stayed prolonged and global oil prices remained elevated.
Fragile economies are feeling the most pain, with WFP...
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May 8, 2026 / Joshua Mawhorter
Hobbes’s State: “Why Are You Hitting Yourself?”
To complain against the state’s actions, argues Hobbes, is to ultimately complain against yourself because you originally authorized the state through social contract and the state represents you!
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May 8, 2026 / Tyler Durden
Cost Of California's High-Speed Rail Goes Up Again
Cost Of California's High-Speed Rail Goes Up Again
Authored by Kerry Johnson via Pacific Research Institute for Public Policy,
It was supposed to cost $33 billion when voters approved the train in 2008. It will now cost at least $126 billion.
It was also supposed to be carrying 65.5 million to 96.5 million intercity riders a year by 2030. Yet now 2040 is the date for “full service to start.” Skeptics don’t believe we’ll ever see the train run with paying customers aboard.
“In my judgment, the Draft 2026 Business Plan describes a project that...
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