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US Manufacturing Expanded For 6th Straight Month In June As Inflation Fears Ease
US Manufacturing Expanded For 6th Straight Month In June As Inflation Fears Ease
With 'hard data' having deteriorated recently (except in the labor market), 'soft' survey data has been surprisingly strong (especially in the Manufacturing side of the economy).
S&P Global's US Manufacturing PMI dipped from multi-year highs at 55.1 to 53.9 final in June (below the 55.7 expected).
ISM Manufacturing also dipped from 54.0 to 53.3 (slightly below the 53.9 exp).
Both solidly above the '50' line suggesting growth...
Source: Bloomberg
Put simply: US manufacturing activity expanded for a sixth straight month in June as...
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May 19, 2026 / Tyler Durden
US Dept Of War Suspends Permanent Joint Board On Defense With Canada
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Authored by 'sundance' via The Last Refuge,
Remarkably, many news articles are citing confusion in trying to understand why U.S. Undersecretary of War, Elbridge Colby, announced the suspension of U.S. participation in the Permanent Joint Board on Defense with Canada.
However, the announcement comes immediately after his meeting with U.S. ambassador to Canada, Pete Hoekstra, at the Pentagon and the comment, “we’re working closely to ensure every NATO partner, including Canada, reaches the Hague Summit’s 3.5% GDP defense spending target, a vital investment for...
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Ukraine Uses High-Altitude Balloons To Extend Suicide Drone Strike Range
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Ukrainian forces have borrowed a page from China's hypersonic glide-weapon testing and applied it to the Eastern European theater, using one-way attack drones against Russia.
Instead of launching the Hornet strike drone from a ground-based catapult, Ukrainian operators tethered it to a high-altitude balloon, extending its range.
Defense news website Defense Blog reports:
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Jun 7, 2026 / ZeroPointNow
'I Could've Kept It That Way': Trump Admits The Inflation Is His Choice - For A War That 'Isn't A War'
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In a wide-ranging interview in which he touted record stock prices and rebranded weapons-grade uranium as "nuclear dust" (and then stormed out), President Donald Trump said the quiet part out loud: the prices Americans are paying at the pump are not an accident. This was all his decision.
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