The bond market is flashing a warning that the economy may be falling or already has fallen into recession, according to one closely watched measure.

Our national index rose by 1.3 percent over the course of June, consistent with last month’s increase. So far this year, rents are growing more slowly than they did in 2021, but faster than they did in the years immediately preceding the pandemic.

It’s easy to see why, according to a new Harris poll, 71 percent of Americans said they do not want Joe Biden to run for re-election. As Americans face record gas prices and the highest inflation in 40 years, President Biden admits he could not care less. His Administration is committed to fight a proxy war with Russia through Ukraine and Americans just need to suck it up.

In the coming months, oil markets are finally going to discover if OPEC has enough spare capacity to avoid a supply crisis and halt a major oil price rally

As Ukraine continues to lose ground in the east, its leaders are inexplicably demanding three-quarters of a trillion dollars to "reconstruct" areas controlled by Russia. Once widely considered the most corrupt country in Europe, Western leaders have already dumped in billions with zero oversight. Will they keep writing checks? Also today, Saudis laugh at Biden's request for more oil. And...JP Morgan warns of $380/barrel oil.