Key Events This Week: CPI, PPI, Retail Sales, Warsh Testifies, China Data, And Earnings Galore

Iran Releases Footage Of Drone Swarm Attacks On Several 'US-Linked' Ships In Hormuz Strait Summary: Iran says it has attacked 3 'US-linked' along with 3 American ships in the Hormuz Strait State media released footage of foreign vessels under attack in "response" to US aggression CENTCOM Confirms Iranian Tankers Hit Near Kharg Island Iranian Tanker Reportedly Hit By Missiles Near Kharg Island *  *  * Iran Unleashes Large Drone Swarm Attacks on Several Ships Iran state media is releasing footage of its own Saturday action against US assets in the Strait of Hormuz on Saturday, as part of...

US Services Surveys Show Continued Expansion In June: Jobs Up, Inflation Down Following US manufacturing small dip in June (though still expanding), the US Services sector PMI surveys are a little more mixed but both still solidly in expansion in June: S&P Global US Services PMI ticking up on the month from 50.7 to 51.2 (but a smidge below the 51.3 flash print) ISM US Services PMI dipped from 54.5 to 54 (in line with expectations) “A slight acceleration of business growth in the services economy takes the expansion to the strongest since...

If avoiding a repeat of the excesses of the French revolution is an important goal, we need a thorough understanding of its causes. Edmund Burke and his conservative followers don't offer this.