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'Good News Is Bad News': Big Jobs Beats Sends Rate-HIKE Odds Soaring; Batters Bonds, Stocks, Gold
'Good News Is Bad News': Big Jobs Beats Sends Rate-HIKE Odds Soaring; Batters Bonds, Stocks, Gold
A four standard deviation beat for non-farm payrolls this morning (good news) is triggering ugly reactions (bad news) across markets with rate-hike odds for September ripping back up near recent highs (despite no signs of inflationary wage growth - in fact it is slowing)...
Audrey Childe-Freeman, Bloomberg Intelligence’s chief FX strategist:
“The strength in the latest NFP report will validate Sept. Fed rate-rise talks and most likely give the dollar a short-term-yield-driven lift.”
“But that’s priced, and...
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Jun 3, 2026 / Tyler Durden
California's 'Wealth' Tax Is Coming For Everyone
California's 'Wealth' Tax Is Coming For Everyone
Authored by Edward Ring via American Greatness,
If you own property in California, you're not safe. A new ballot measure will empower the state to confiscate a percentage of the assets of any resident, even though its initial provisions don't communicate that intent. California's "One-Time Wealth Tax for State-Funded Healthcare, Education, and Food Assistance Programs Initiative," which has already qualified for the November ballot, is even worse than it appears.
It's not as if appearances aren't bad enough. The explicit intent of the initiative already...
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Jun 3, 2026 / Tyler Durden
These Two Things Are Not The Same...
These Two Things Are Not The Same...
Authored by Steve Watson via Modernity,
Viral images of a grand classical arch and a twisted modernist one reveal the unbridgeable divide between leaders who celebrate America's heritage and those who seem determined to replace it with something cold, crooked, and alien.
The contrast could not be clearer or more deliberate. On one side stands towering marble, golden eagles, and inscriptions evoking "One Nation Under God." On the other, a bent, leaning metal structure that looks like a giant wire hanger or a failed piece...
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May 11, 2026 / Dave DeCamp
Trump Again Accuses Kurds of Keeping Weapons Meant To Foment an Uprising in Iran
President Trump on Monday again accused Kurdish groups of keeping weapons the US wanted to send into Iran to foment an uprising against the Iranian government. “The people [of Iran] are watching it, they want to go out on the streets, but they have no weapons, they have no guns. We thought the Kurds were […]
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