Trump softens his tone — ‘I would love to see Marjorie return to politics, after a break.’ Trump reverses in late day interview with NBC. Early this morning, Trump showed some anger.

WASHINGTON — President Donald Trump said Saturday he would like to see Rep. Marjorie Taylor Greene resume her political career at some point, despite their recent falling out. Trump’s comments came the day after Greene, one of the best-known faces …

READ MORE

China has ended its gold tax break

China is scrapping a long-standing gold tax incentive in a potential setback for consumers in one of the world’s top bullion markets. Starting on Nov. 1, Beijing will no longer allow retailers to offset a value-added tax when selling gold …

READ MORE

U.S. economy has lost momentum over the past 2 months, only 3 of 12 districts report growth. More than 20 US state economies are now in, or near, a recession. Junk bonds break 4-month downtrend.

Junk bonds are high-risk corporate debts offering higher returns to investors. The chart shows their yields (interest rates) had been falling for 4 months—a positive sign of lower perceived risk—but recently spiked to 6.84%, breaking that downtrend. Implications: Rising yields… …

READ MORE

5-year CPI swaps are about to break loose.

So, inflation hasn't returned to target when policy is "restrictive", but cutting rates will bring it back to target. Explains why 5-year CPI swaps are about to break loose. pic.twitter.com/a0UrLFVwhz — Michael J. Kramer (@MichaelMOTTCM) July 16, 2025 We elect …

READ MORE

JD Vance arrives on capitol hill to break possible tie vote in Senate. Tillis, Rand Paul and Ron Johnson all vote No. Polls show that this bill is political suicide for the Republican Party

Vice President JD Vance has arrived at the Capitol to potentially cast a tiebreaking vote to advance the GOP megabill. He was accompanied by Sen. Eric Schmitt of Missouri, who golfed earlier today with President Donald Trump. Four other GOP …

READ MORE

The 30-year yield hits 15-year high, pressuring US sustainability significantly. Gold is looking really strong and may soon break out of its triangle pattern.

This is arguably one of the most critical macro developments unfolding today. Even when adjusted for inflation, the 30-year yield has reached its highest level in 15 years. The US cannot sustain this for long, in my opinion. It will need either higher …

READ MORE