Price Inflation Is Getting Worse

Is California Reaching Critical Mass? Authored by Victor Davis Hanson via American Greatness, By any measure, California is a failed state—and a national embarrassment. Taxes? It has the highest income and gas taxes in the nation. Roads? A Reason Foundation survey ranks it 49th among the states. Mass flight? Between 250,000 and 350,000 more Californians leave the state than move in each year. Housing, gas, insurance, and electricity prices? The highest in the continental U.S. Illegal aliens, the poor, the homeless, the foreign-born, and welfare recipients? The largest numbers in the U.S. Public K–12 schools? Test...

Turkey Liquidated Almost All Of Its US Treasuries In March To Defend Crashing Lira Two months ago, at the end of March, we reported that Turkey was aggressively dumping its gold reserves in a panic scramble to obtain dollar funding, which Erdogan's regime was using to keep the Turkish lira from crashing, and to also pay for energy imports which had suddenly soared in price as a result of the Iran war. The violent selling by Turkey (and other emerging markets) was behind the brutal plunge in gold prices, which tumbled...

Bank Of Japan Governor Ueda Hospitalized, Will Miss June Meeting Bank of Japan's 74-year-old Governor Kazuo Ueda has been hospitalized for medical treatment and will miss the June 15 to 16 ‌policy meeting, the central bank said on Wednesday. It is the first time for the governor, who chairs the BOJ's policy discussions, to miss a scheduled meeting since the central bank began deciding policy ​under the current arrangement in 1998. The governor will submit a written statement on his view on policy but will not participate in ​next week's vote, the...