30-yr Bond at Highest Yield Since 2007 as Inflation Expectations Soar
Auction bidders are demanding higher fixed rates as compensation for the risk that inflation will accelerate further.
Notes in the Margin
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Feds move to seize private property to build border wall
The U.S. government has invoked eminent domain to seize 14.2 acres of Mount Cristo Rey, a sacred site topped by a 29-foot statue of Jesus.
Foreclosure filings across the US have surged 18 percent compared to last year
"The year-over-year increases suggest lenders may be working through distressed inventory as higher borrowing costs and affordability challenges impact some homeowners."
Gas prices rising in all 50 states as average nears $5
The national average price for a gallon of gasoline was $4.46 on May 4, up from $4.11 on April 27.
Freedom candidate Thomas Massie may lose thanks to the over-65 crowd
When broken out by age, Massie has huge leads among voters under age 46. Voters over 66 are against Massie. Older voters consistently favor more war and government spending.
Why young and old men are leaving the labor force at record rates
On top of mounting numbers of retirees, record numbers of young men are claiming to be disabled or sick.
Tennessee lawmaker calls for Memphis to secede over redistricting
Rep. Antonio Parkinson (D) said ... “Let my people go. I’m deada‑‑ serious. If you’re constantly beating on us, let us out.”
Beef prices are near record levels
Trump's war and easy-money policies have pushed up beef prices to near record levels. So, naturally, the DOJ is trying to blame "antitrust violations."
Federal Prosecutor: “I’d Like to Prosecute Any Nun Who Still Wears the Head Habit”
DOJ prosecutor Gaston replied: “I would like to take a special assignment of finding and prosecuting [habited nuns].”
Wall Street and Sound Money
"Wall Street cannot be counted on to do anything to move the American monetary system towards the proper sound money standard we so desperately need – indeed, quite the opposite."
