Inflation and Statistics: Economics Explains Them, Not the Other Way Around

The Israeli military on Sunday declared that Taybeh, the last village in the Israeli-occupied West Bank that is populated entirely by Christians, was a “closed military zone” amid rising Jewish settler violence against the town. The IDF said it took the step due to “some violent attacks by Israelis in the region” and that it […]

Key Events This Week: Jobs Report, JOLTS, ADP, ISMs And Fed Speakers The key event for markets outside of Iran (which is once again front and center following news that Iran is halting all exchange of messages with the US in protest of Israeli crimes in Lebanon) will be Friday’s US May employment report. Economists forecast a notable moderation in payroll growth compared with the relatively strong pace seen earlier in the spring. Headline nonfarm payrolls are expected to rise by around consensus 89k, down from 115k in April, while...

The substitution of economic and moral principles by emotional imperatives does not represent a technical failure, but a profound philosophical divergence about human nature and the function of the state.