US Has Revoked More Than 300,000 Visas In Trump's Second Term

Too Broken For Frontier: Indonesian Markets Suffer Worst Rout Since 1998 As MSCI Threatens The "Argentina Treatment" Back in January, MSCI fired a warning shot at Jakarta. On Friday it fired the real thing. Indonesian markets extended their selloff on Monday, with stocks deepening their worst rout in almost 30 years and losses spreading to bonds and the rupiah after MSCI warned the country may face a two-step downgrade: straight from Emerging Market to "Standalone" status, skipping Frontier altogether. The Jakarta Composite (JCI) closed down 3.6% on Monday after crashing 11.6% on...

What Causes Stagflation? Authored by Frank Shostak via The Mises Institute, In the late 1960’s Edmund Phelps and Milton Friedman challenged the popular view that there can be a sustainable trade-off between inflation and unemployment. In fact, over time, according to Friedman, expansionary central bank policies set the platform for lower economic growth and a higher rate of inflation (i.e., stagflation). A famous case of stagflation occurred during the 1974-75 period. In March 1975, industrial production fell by nearly 13 percent year-on-year while the yearly growth rate of the consumer price index (CPI) jumped to...

Trump Responds To Watchdog Report: Force Powell Off The Fed Board - Or Sue Him Update (1554ET): So much for "finality." Minutes after the Fed's own inspector general cleared the Eccles renovation of criminality - and of administrative misconduct - President Trump made clear he is not treating the Horowitz report as the last word. Powell, Trump said on Truth Social, should be "forced to resign" from the Board of Governors. If he doesn't, "he should be sued by the US." As for the building itself: Trump said Attorney General Todd Blanche...