The Alchemy Of Wealth Taxation

Key Events This Holiday-Shortened Week: PCE, Durables, Consumer Confidence And Fed Speakers SSDD: with stocks set to hit new record highs, the hope this morning once again is that the days may be numbered for the war in Iran, with momentum building since the start of the weekend that a deal could be in the works. Brent, which ended last week at $103.54/bbl, is this morning trading at $97.87/bbl, around -5.48% lower than Friday’s close. However, Brent had got as low as $96.02 late yesterday before news overnight that US and...

The Pentagon's Next Critical Minerals Source Is Already In Its Own Warehouses Authored by Matt Bedingfield via RealClearDefenseolitics, Last week, U.S. Navy destroyers began escorting commercial ships through the Strait of Hormuz under Project Freedom, the most aggressive American action in the strait since Iran shut it down in March. The naval blockade of Iranian ports is now in its fifth week. U.S. warships are running mine-clearance operations, intercepting Iranian-flagged cargo, and absorbing drone threats daily. And the permanent magnets in those destroyers' guidance systems are still refined in China. So are the...

The Lithuanian parliament took the first step toward removing the country’s constitutional prohibition on weapons of mass destruction, including nuclear weapons, and foreign military bases. The US currently stations nuclear weapons in several NATO states. On Tuesday, the Lithuanian Seimas voted 106-18, with six abstentions, to repeal the constitutional provision prohibiting weapons of mass destruction […]