Dollar Index Slumps 10.8% in Biggest First-Half Loss Since 1973
The US dollar index tumbled in the first six months of the year, posting its worst first-half performance since 1973 when Richard Nixon was president.
The US dollar index tumbled in the first six months of the year, posting its worst first-half performance since 1973 when Richard Nixon was president.
The job market in the United States continues to soften. According to new unemployment numbers released last Thursday, continuing unemployment claims hit a new cycle high during the week of June 14. According to Bloomberg:
Recurring applications for U.S. unemployment benefits rose to the highest since November 2021, extending a sharp increase over the past 1½ months and signaling more people are staying out of work for longer.
Trump continues his campaign demanding more inflation and the further devaluation of the dollar.
On Friday, the Supreme Court clobbered perhaps America’s most aggressive and intolerant LGBTQ+ school indoctrination program. By a vote of 6 to 3 in the case of Mahmoud v.Taylor, the court upheld parents’ right to exempt their children from biased sex and gender lessons that violated their religious values. The court’s ruling is a bitter reminder that public education is the most expensive “gift” that most Americans will ever receive.
The original adherents of “America First” grounded themselves in a liberal tradition, arguing that entanglement in foreign wars would erode freedom at home and threaten our constitutional republic.
The chair of the Senate Banking Committee, branded the renovations “luxury upgrades that feel more like they belong in the Palace of Versailles.”