Germany’s Defense Spending Will Start an Immediate Clash With Trump
Tyler Mitchell Germany’s defense minister asked for an increase of $7.3 billion. He was given only $1.2 billion. German aid…
Biden Expected to Drop Out this Weekend, Not Endorse Kamala
According to Newsmax, Biden will drop out this weekend in a deal brokered by Nancy Pelosi. The WSJ…
Housing Starts Rise 3.0 Percent in June, Completions Surge 10.1 Percent
Completions continue to rise much faster than housing starts. It’s a function of a high interest rates, affordability,…
65 Percent of Democrats Now Want Biden to Drop Out
A new AP-NORC polls shows nearly two out of three Democrats want Biden to exit the race. AP-NORC…
5 out of 12 Fed Districts Show Flat or Declining Economic Growth
Let’s tune into the Fed’s Beige Book summary of economic activity in the twelve Federal reserve districts. Summary…
Great Danielle DiMartino Booth Interview on Flows, Jobs, Recession, Stocks
At the Rule Symposium, Kitco’s Jeremy Szafron interviews Danielle DiMartino Booth. Watch the interview. Jeremy Szafron, Anchor at…
Retail Sales Stronger than Expected, But Look at the Details
Nonstore sales (think Amazon) were up 1.9 percent from a month ago. Motor vehicles and parts fell 2.0…
Better than Expected Retail Sales Boosts GDPNow Nowcast
The GDPNow nowcast jumped from 2.0 percent to 2.5 percent on stronger than expected retail sales. DGPNow data…
Secret Service Director Kim Cheatle Blames “Sloped Roof” for Security Failure
Let’s discuss the latest excuse by Secret Service Director Kim Cheatle regarding the attempted assassination. As a side…
Elon Musk to Move SpaceX from CA to TX Over School Transgender Policy
Goodbye Hawthorne, California. Hello Starbase, Texas. Elon, what took you so long? Final Straw Gavin Newsom signed AB1955…