Trump Admin Announces Criminal Charges Against Former Cuba President Raul Castro

Key Events This Holiday-Shortened Week: All Eyes On Friday's CPI After Friday's blowout jobs report, attention now turns to inflation. Economists expect headline CPI (Friday) to rise by +0.4% month-on-month in August, up from +0.07% previously, while core CPI is expected to print at +0.2% month-on-month, broadly unchanged from July’s +0.22%. Higher gasoline prices are likely to support the headline reading, while core inflation should continue to benefit from gradually moderating shelter costs (which however are turning higher again per Case-Shiller). If realized, the forecasts would leave headline CPI broadly...

Supreme Court Directs Lower Courts To Reexamine Decisions In Voting Rights Act Cases Authored by Matthew Vadum via The Epoch Times, The U.S. Supreme Court on May 18 ordered lower courts to reconsider rulings in two redistricting cases that concern whether private individuals may sue to enforce a federal law that bans discriminatory voting practices. The court directed the lower courts to take another look at the cases from Mississippi and North Dakota in light of its recent landmark ruling limiting the use of race in redistricting efforts. Justice Ketanji Brown Jackson dissented...

The Precious Paper Problem: The Divergence In Western Bullion Markets Authored by Armin Sidhu via The Mises Institute, Gold has nearly doubled in two years. Silver has outpaced it. For the commodity that backed money for most of human history and that central banks still treat as the final settlement asset, these moves should represent a clean signal about physical scarcity and monetary demand. Western gold prices no longer carry that information cleanly. The prices quoted in London and New York are increasingly detached from the physical reality of who owns what...