Vance Says Trump Not Ready To Approve Iran Deal, Citing Distance On Nuclear Issue

Europe's Climate-First Policies Fuel Resistance To Air Conditioning As More Than 1,300 Die In Heat Waves Via American Greatness, Europe continues to rely on alternatives to air conditioning even as deadly heat waves claim lives across the continent.  Officials argue that expanding air conditioning is not a long-term solution. France’s record-breaking heat last week has been linked to about 1,000 deaths, most involving elderly people. According to World Health Organization Director-General Tedros Adhanom Ghebreyesus, Europe has recorded more than 1,300 excess heat-related deaths since June 21. Despite experiencing fewer hot days than many other regions, it...

Yields Spike As Producer Prices Explode Higher In April After yesterday's hotter than expected CPI (driven in large part by Energy, but seeing some contagion into Services costs), this morning's Producer Price print for April was expected to show a major surge in annual wholesale inflation. With the eight straight monthly increase, PPI rose by a massive 1.4% MoM (vs +0.5% MoM exp) - the biggest MoM jump since March 2022, lifting PPI by a stunning 6.0% YoY (vs 4.8% YoY exp). That is the hottest PPI YoY since Dec 2022... Source:...

The Fallacy Of Stable Prices Authored by George Ford Smith via Mises Institute, Though Herbert Hoover was a pioneer among presidents in getting the government to "do something" about a depression, he was no maverick. He had the support of distinguished court economists who promoted the idea that stable prices were the key to lasting prosperity. Common sense tells us that if we walk into a store and find prices consistently lower than they had been, we are better off, other things equal, because our money buys more. As Rothbard wrote, "Increased...