Gold spiked and USDJPY tumbled as headlines from Japan's Nikkei newspaper confirmed US military officials' observations last night that North Korea is said to show signs of missile launch preparation.
After disappointing (for The Fed's inflationistas) producer prices growth yesterday, consumer prices jumped 0.4% MoM in August - the biggest spike since January. Gains were driven by soaring energy costs (offset by a big decline in vehicle prices).
Year over Year, CPI remains below The Fed's mandat at +1.9% but that is hotter than expected and the highest since April..
As the breakdown shows, the gains were largely driven by rising energy and shelter costs (and note that vehicle prices are tumbling)
Former US President Jimmy Carter repeated his assertion that the US works more like an "oligarchy than a democracy," while also lambasting Trump's "hopeless" approach to the increasing tensions with North Korea.
Authored by Paul Craig Roberts,
Two of America’s most populous states, Texas and Florida, are in hurricane ruins, and Washington is fomenting more wars.
The US national debt is now over $20 trillion, and Washington is fomenting more wars.
After successfully leveraging promises for far-left policy reforms into a competitive challenge against frontrunner Hillary Clinton during the 2016 Democratic primary (forcing Debbie Wasserman Schultz to intervene on her longtime friend's behalf), Senator Bernie Sanders has finally introduced a long-anticipated piece of legislation: His bill to create a single-payer health-care system, or, as his supporters know it best, “Medicare for all.”