Notes in the Margin

A stagnating economy means fewer vacations and less air travel. Airlines are feeling it. 

The "dark enlightenment" is simply a variation on the technocracy of "sustainable development" or the "great reset." Technocratic control is the goal in both cases. 

The U.S. Federal Reserve just pulled off something stealthy — over four days last week, without fanfare, the Fed vacuumed up $43.6 billion in U.S. Treasurys. 

All potentially unpopular cuts will hit only after 2026 or 2028. This is proof Trump was never serious about any real spending cuts. These cuts will never actually happen. 

A Gallup survey taken in March this year found only 46% of Americans expressed support for Israel (the lowest level in 25 years of Gallup's annual tracking).

Lately, James Lindsay has burned much of his credibility in attacking largely non-interventionist right-wingers as "Woke Right." 

Considered centrist (by modern standards), not outspoken on political issues. Born American, but has been a Peruvian bishop for the past 11 years and is deeply connected to Latin America.

The bottom 80% of America is in recession and is starting to cut back on extra spending such as fast food. 

To be sure there are probably two factors at work here. One is tariffs and the other is the fact that auto loan delinquencies are rising and people need cheaper cars. 

"the Committee decided to maintain the target range for the federal funds rate at 4-1/4 to 4-1/2 percent." Click here for post-FOMC press conference.