Iran Blasts US 'Fabricated Pretext' To Hit Pickaxe Mountain, Launches More Attacks On Bahrain, Saudi Arabia, Jordan

G20 Plans "Death By A Thousand Cuts" For China's Economy By Benjamin Picton, senior market strategist at Rabobank The Natural Equilibrium G20 finance ministers, central bank governors and a handful of high-profile CEOs gathered in Asheville, North Carolina, yesterday. Treasury Secretary Scott Bessent held court, telling allies that the only way out of heavy debt loads is growth, and that they needed to do more to confront China on its structural trade imbalances. The latter point is particularly salient as Bessent prosecutes new restrictions against trade with Iran under Operation Economic Outcast. China...

The Bond Market Already Looked Through The Inflation Headlines Authored by Lance Roberts via RealInvestmentAdvice.com, 💰 May Inflation of 4.2%: Media Narrative Misses Reality The May inflation print landed on Wednesday, and the doom crowd pounced. Headline CPI reaccelerated to 4.2% year over year, the hottest reading since April 2023, and the “inflation is back” choir was in full voice within the hour. I want to push back on that, because two weeks ago I made exactly this argument in “Why The Doom Crowd Is Watching The Wrong Indicator,” and this May inflation print is the clearest...

Germany's "Two-Speed Europe" Proposal Is The EU's Adaptation To Great Power Geopolitics Authored by Andrew Korybko via Substack, German Finance Minister Lars Klingbeil recently declared that “Now is the time for a two-speed Europe. Germany, together with France and other partners, will therefore now take the lead in making Europe stronger and more independent. As the six biggest economies in Europe, we can now be the driving force.” Apart from those two, this exclusive tier will also include Italy, Spain, the Netherlands, and Poland. The goal is to optimize decision-making by...