Separate Israeli Attacks in Gaza Kill a 13-Year-Old and an 8-Year-Old

Fighting While Talking, Horses And Security By Peter Tchir of Academy Securities Fighting While Talking, Horses, and Security Some quick updates on recent themes. The latest on Iran is front and center, and if you missed this week’s Around the World, it is worth a look. Not just an Iran update, but we also cover Cuba, Russia/Ukraine, the China Summit, and Nigeria (I certainly need to get more up to speed on Africa). We will examine Universal Basic Income and the Job Market in the section we have decided to label Horses. While it feels...

Americans' Savings-Rate Slumps In April As Fed's Favorite Inflation Signal Soars After accelerating significantly in March, The Fed's favorite inflation indicator - Core PCE (a measure of price changes in consumer goods and services that excludes volatile food and energy costs) - rose 0.2% MoM in April (less than expected +0.3% MoM), but pulled up the YoY measure to +3.3% (as expected) - its highest since Nov 2023. The rise in Services costs (headlined by Housing & Utilities, Financial Services, and Healthcare) dominated the increase in Core PCE YoY... The headline PCE...

Trump Warns 'Activity' Seen At Iran's Pickaxe Mountain Nuclear Site: 'Don't Get Cute' This week there's been more mainstream reporting and chatter centered on Iran's Pickaxe Mountain. The nuclear development site has been of special interest and focus to the Trump administration due to how immensely fortified it is, meaning the Iranians can conduct uranium enrichment activities deep under the mountain if they so desire. The US and IAEA are essentially operating blind on this, and that's exactly how the Iranians want it of course. A Thursday Bloomberg report begins: "The...