June 26
S&P Oil FX Gold 10Y BTC CLZ6
BTC is up $989 from $59,693 Friday | 12:48 Sat
US Forces Hit Iran After Hormuz Ship Strike as Truce Teeters
Iran launched a drone assault targeting Bahrain after overnight airstrikes by the United States
New Clash Over Strait Passage – Lebanon’s Capitulation Ignites New Civil War | Moon
The last days there were two developments in Lebanon and Iran that will likely cause the war to reignite into a much larger conflagration.
Today’s Peak Digest
US strikes on Iran after Ever Lovely attack, Israel-Lebanon deal, China-Iran oil access, Apple hikes due to AI costs, chip shortages, Canada vaccine program rebrand, and Neuralink Texas facility scrutiny.
You and I have never seen a time when inflation wasn’t rising. | Mauldin
The Consumer Price Index has risen 28.5% since January 2020 alone. That $100 bill you carried into the grocery store in January 2020 has the purchasing power of $77.82 today. Nobody voted for that.
Debt Rattle
* Carville is no longer comfortable in his own party
* DC Republicans always hate republican voters.
* Musk is not interested in being a phone company. He wants what comes after the phone
* Nearly 60% of Poles now oppose Kiev joining the bloc, compared to 42% a year ago
CBB Commentary
Week Ahead: Jobs Data in Focus as Markets Search for Clues on Fed Rate Path
A selection of pro-progress and anti-progress news items from the past week.
Ancient Clay Tablets Show Markets Worked 4,000 Years Before Economists
Clay tablets unearthed in Asia Minor reveal a sophisticated commercial order emerging spontaneously nearly four thousand years before economists explained how markets work.
Jew hatred has been part and parcel of socialism since its inception.
The root cause of socialist antisemitism is a hatred of capitalism. As a people who have famously thrived under free markets, Jews become a natural target for hatred and conspiracy theories. But envy must also have much to do with it. Socialists gain popularity and power by convincing the powerless that they are being exploited by greedy Zionists and should be entitled to the fruits of other people’s labor.
The Week in Pictures
I’m so old I can recall the 1970s when we embraced the proposition: “That government is best which McGoverns least.” What the hell do we say now about the DSA takeover of the Democratic Party? These guys make McGovern look like a Truman Democrat.
Democrats Furious Trump Would Make Haitians Leave Most Racist Country On Earth | Bee
Think Tanks Have Defeated Democracy
Beginning in the 1960s, large foundations like Ford and Rockeller began to fund professional network organizations in law, civil rights, consumer rights, feminism, and environmentalism. Steadily, the model of foundation-funded, D.C.-based advocacy organizations came to be the dominant one on the center-left. Unlike unions, churches, and other mass membership organizations, such nonprofits only speak for their ostensible constituencies vicariously.
Incommensurable: Impossible to measure or compare.
Lacking a common quality on which to make a comparison.
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Text: 1 646 257 2130
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