US Closes Fiscal 2026 With $2 Trillion Budget Deficit, Pays Record $1.4 Trillion In Interest

Bad Inflation Cures Itself. Good Inflation Doesn't Authored by Lance Roberts via RealInvestmentAdvice.com, Key Takeaways Inflation driven by supply shocks is "bad" inflation, and bad inflation is self-liquidating because rising income doesn't support it. September headline CPI ran 3.7% while core sat at 2.6%. The gap is gasoline, up 34.2% over the year and now more than half of the monthly increase. Real wages have turned negative, and labor's share of output just set its lowest reading since the series began in 1947. The 10-year breakeven sits near 2.3%. The market that gets paid to...

President Trump is set to meet with Ukrainian President Volodymyr Zelensky in New York City on Tuesday on the sidelines of the UN General Assembly following Ukraine’s massive weekend drone attack on Russia, which included attacks on Russian oil refineries. Trump has been calling for Ukraine to halt attacks on Russia’s oil infrastructure and reportedly […]

From Classes On Bad Bunny To 'Queering God' Higher-Ed Has Lost Its Way Via The College Fix, Higher education is not what it used to be. Gone are the days when students were required to study the classics. Nowadays it seems like any gibberish can pass for scholarly study. The examples are myriad, write Daniel Buck, a research fellow at the American Enterprise Institute, and Garion Frankel, incoming editor at the James G. Martin Center for Academic Renewal. “Oregon State University offers ‘Disney: Gender, Race, and Empire.’ Students at Indiana University can attend the course, ‘Having it...