Deflationary Money Hits Different: Losing Half Its Price And Winning Anyway

Israel continued airstrikes and ground attacks across Lebanon today, with Lebanese Prime Minister Nawaf Salam warning there seems to be no end to the expanded Israeli occupation in the south. The Lebanese Health Ministry reported that over the last 24 hours, another 27 people have been killed in Israeli attacks, and 105 others wounded. This […]

US Adds Only 57K Jobs, Missing Estimates, As Unemployment Rate Slides On Plunge In Workers In our jobs preview post we quoted Goldman Delta One head, Rich Privorotsky, who said that "equities marginally want something weaker than consensus: with no forward guidance, hot NFP means hikes in play, which is unfriendly for pockets of equity risk." Well, they got it because moments ago the BLS reported that in June the US added just 57K workers, half the 113K expected, and the worst monthly print since the big February drop.  Except for...

Leading Democrat Calls For Reparations For Illegal Immigrants Authored by Jonathan Turley, As Chicago and other blue cities move toward reparations for African Americans, Rep. Pramila Jayapal (D, Wa.) wants reparations for illegal immigrants for the trauma caused by immigration enforcement. At the same time, various Democrats are making clear that they want to entirely defund and eliminate Immigration and Customs Enforcement. So, after the Biden Administration allowed in millions over an open border, Democrats would eliminate ICE and some like Jayapal would pay illegal immigrants reparations. Rep. Jayapal declared on Friday: “They need to be brought before...