ECONOMICS

By Elwin de Groot, Head of Macro Strategy at Rabobank

We still have one more day to go in the European session before the weekend, but the week in review is already showing to be one of quick decisions, where the bond market was ‘saved’ by the US inflation data and where Macron may have asked for a Papal blessing. But whether that turns out to be sufficient remains to be seen.

Macron has gambled… and lost? According to the latest polls, only 40% of Macron’s MPs would gather (more…)

Via SchiffGold.com,

Earlier this year, four states took steps toward strengthening sound money by lifting or reducing taxes faced by holders of physical gold and silver. Only a few months later, three other states have actually implemented new sound money policies, and by doing so, they have improved their citizens’ economic standing.

Nebraska is the first of a recent string of sound money victories at the state level. At the end of April, Nebraska adopted Bill LB (more…)

Authored by Jeffrey A. Tucker via The Epoch Times (emphasis ours),

Part of the difficulty in reading economic statistics to discern where we are in the cycle is the huge crater of 2020. A full shutdown like this had never happened before. All data just went nuts, seesawing one way down and then the other way up. Everyone is looking at this and trying to understand the implications.

(Clem Onojeghuo/Unsplash.com)

Whatever you want to say about business cycles in the past, they (more…)