Patriotism Shouldn’t Apply to the Debauched Dollar

Israeli airstrikes against Lebanon continued throughout Friday, with the casualty toll announced by Lebanon’s Health Ministry soaring to 217 killed and 798 wounded since Monday. Up until today, there had been relatively few reports of Hezbollah successfully inflicting casualties on the Israeli side. A rocket fired on an Israeli Army position along the border Friday […]

JPM Stock Fizzles Despite Blowout Quarter As Key Forecast Cut One day after Goldman Sachs reported its highest profit in 5 years (despite an ugly miss in FICC revenues), this morning JPMorgan impressed with just as solid results, when it reported that its Q1 profits rose 13% as the bank benefited from soaring market volatility and frantic trading amid the war with Iran and the US military operation in Venezuela. The largest US bank reported net income of $16.5bn, beating analyst estimates of a $15.2bn print, up from $14.6bn a year...