President Trump summed up Toyota’s stunning Tacoma pickup truck announcement in three words: “Tariffs at work!” He is absolutely right. And the shortfalls of the U.S.-Mexico-Canada Agreement on trade are part of the story, too. Toyota is putting $3.6…
This wasn’t egg on the face. It was a whole omelet.On Monday, Fed Governor Christopher Waller was effectively putting a rate hike back on the table if this week’s core inflation number came in hot. On…
In 1776, most Americans looked at the toppled statue of King George III in New York City’s Bowling Green and saw a shattered symbol of British tyranny.Oliver Wolcott saw ammunition.Four thousand pounds of lead. Enough, if…
Today’s jobs report paints a picture of a steady and stable economy that the Federal Reserve should not derail with a rate hike. The bond market, which is far smarter collectively than the Fed Board of…
The financial commentariat went into today’s economic-data dump looking for a reason to panic. The preferred storyline was obvious before the numbers even hit: inflation is back, the Fed is behind the curve, and rate…
The June 18 bombshell from Director of National Intelligence Tulsi Gabbard is as damning an indictment of America’s legacy media as it is of Anthony Fauci.Supported by newly declassified records, ODNI now accuses Dr. Fauci of funding dangerous…
For years, ProPublica has built its reputation on a simple premise: Follow the money.Whenever ProPublica investigates a corporation, a politician, industry or public policy initiative, its first questions are usually the same: Who benefits, who pays and what interests…
The first rule in reading an inflation report is to ask what kind of inflation it is. Demand inflation, wage-price inflation, tariff inflation, housing inflation, and energy-shock inflation are not the same animal. They do…
The financial press needed only minutes to take a hot CPI headline number and turn it into a Fed-panic story. CNN promptly won the ugly-poster-child award, telling viewers that consumer prices “spiked” and that the…
The latest trade report delivers a simple but powerful message: America is selling more to the world, importing more of what it needs to rebuild at home, and steadily shrinking the trade deficit. This is the…