The Modern “Red Calendar” And The Death Of Pride Month

A Bumpy Ride Via Rabobank, Following the slightly hotter US CPI print on Wednesday – headline inflation was in line with expectations, but core accelerated a bit more than anticipated - producer price inflation accelerated significantly more than expected. Last month, US producer prices rose 1.3% m/m. Yet, rates were down on the day, not up. Maybe traders found some comfort in the fact that most of the inflationary pressure remains concentrated in energy prices. Or, perhaps, the PPI print underscored the pressure on US producers. If they are unable to pass...

Crisis Comes Closer: Social Security's Projected Insolvency Moved A Year Earlier Continuing a trend of increasingly dismal projections, Social Security's trustees have revised their prediction of when the massive benefit program's trust fund will run out of money, moving it to the fourth quarter of 2032, sooner than last year's projection that the money will run out in 2033. They attributed most of the the change to declining fertility rates and immigration, along with tax reductions included in Trump's 2025 One Big Beautiful Bill Act (OBBBA).  When the trust fund runs...

Armor-Piercing Ammo Metal Up 557% As China Chokes Supply, War Demand Surges Tungsten, used in missiles, tank rounds, armor-piercing ammunition, and some smaller-caliber munitions, has surged in price over the last year as China curbed exports and global supplies tightened. This is a major concern, as multi-front conflicts - from the Middle East to Eastern Europe - are depleting interceptor missile supplies. Bloomberg cites new data from commodity price reporting agency Fastmarkets showing tungsten prices have surged to $2,250 per metric ton this month, up 557% since Beijing added certain tungsten...