Jim Quinn Warns "We've Already Entered This Fourth Turning's Global War..."

Despite support from some economists in the free market camp, fractional reserve free banking is doomed for failure, as Murray Rothbard pointed out.

"Perfect Storm": Bond Traders "Stunned" At How Quickly SpaceX Bonds Are Selling Off Media reports earlier this week about SpaceX's inaugural post-IPO investment-grade bond (and we mean inaugural, as the company rushed to tap the corporate bond market just days after going public with a low-IG rating of Baa1/BBB) which priced on Tuesday, had it as almost 4x oversubscribed, at roughly $90BN in orders for the $25 billion offering (upsized from $20 billion), signaling relentless demand for the paper. Alas, it took just 48 hours for the myth of sterling...

Food Supply Alert: Ukraine Grain Exports Collapse As Black Sea Attacks Choke Global Shipments Upward momentum in agricultural prices, as tracked by the Bloomberg Agriculture Spot Index, should be ringing inflationary alarm bells. The breakout comes just one week after JPMorgan analyst Nora Szentivanyi warned that the next global food crisis could materialize as early as next year. Multiple shocks are converging all at once across the global food complex, including continued disruptions in the Strait of Hormuz, rising El Niño risks, and adverse weather across the US agricultural belt. This...