Congress Is Preparing to Surrender American Sovereignty on the Eve of America’s 250th Anniversary

March Jobs Shocker: Payrolls Soar By 178K Most Since 2024, Blowing Away All Estimates; Unemployment Rate Drops We titled our nonfarm payroll preview post "a substantial bounce" and boy were we right: with consensus expecting a material rebound from February's negative print (which was revised as usual worse, from -92K to -133K), what the BLS reported instead was a huge beat to expectations of a 65K increase, with March jobs reportedly rising by 178K, the biggest increase since December 2024. The number was driven entirely by a surge in private workers...

President Donald Trump ordered strikes against civilian infrastructure in Iran, including bridges, roads, railways, and energy sites.  Overnight Thursday, the US bombed multiple bridges, a railway, a maritime watchtower, and energy sites. The US strikes killed at least eight Iranians.  For months, President Trump has threatened to bomb civilian sites in Iran if Tehran did […]

US Industrial Production Rises For 4th Straight Month In February After a strong gain in January, US Industrial Production continued to expand in February, rising 0.2% MoM (better than expected +0.1%) - the fourth straight month of gains with Production up 1.44% YoY... Source: Bloomberg Manufacturing output also beat expectations, rising 0.2% MoM in February. Durable manufacturing output edged up 0.1 percent, with mixed results across categories; the index for motor vehicles and parts posted the largest gain, and the index for machinery posted the largest loss. Nondurable manufacturing output rose 0.2 percent, with...