Supreme Court: Lisa Cook Keeps Job - For Now, Lets Trump Fire FTC Commissioners

The Day Democrats Return To Wall Street  Submitted by QTR's Fringe Finance If there’s one thing the market has become spectacularly good at, it’s extrapolating today’s political environment out to infinity…and “pricing in” things (like the end of the Iran War, Trump Tax cuts, future rate cuts, etc.) over and over again until one day of bad news turns into a year of “market optimism” about things getting better, prompting the S&P to rally to new all-time highs 17 days in a row despite the fact that nothing has changed on...

House Rejects Short-Term Spy Law Extension As GOP Races To Preserve FISA Surveillance Tool Before Friday Deadline Update (1100ET): A key spy law could expire after the House blocked its short-term reauthorization. The June 11 vote set back an effort to renew Section 702 of the Foreign Intelligence Surveillance Act (FISA). President Trump’s selection of Bill Pulte as acting director of national intelligence drove Democratic opposition to reauthorizing Section 702. Some Republicans have voiced concerns about how the authority, though targeted at foreigners abroad, enables the incidental warrantless surveillance of Americans. The White House could...

Doug Casey On The End Of Honest Markets Via InternationalMan.com, International Man: Markets are supposed to reflect economic reality. But when central banks suppress interest rates, governments debase currencies, and major powers manipulate oil prices for political purposes, can any market still be considered honest? Doug Casey: Almost all markets are distorted in some way by government intervention. Interest rates are the price of money itself. They’re the blood of an economy; when they’re manipulated, it amounts to blood poisoning. Currencies have become nothing more than floating abstractions. They move up and down by government fiat. The...