United States

The AP reports on the starvation of Yemen and its terrible effects:

The spread of hunger has been the most horrific consequence of Yemen’s war since Saudi Arabia and its allies, backed by the United States, launched a campaign of airstrikes and a naval blockade a year ago. The impoverished nation of 26 million people, which imports 90 percent of its food, already had one of the highest malnutrition rates in the world, but in the past year the statistics have leaped.

With Europe back from Easter break, we are seeing a modest continuation of the dollar strength witnessed every day last week, which in turn is pressuring oil and the commodity complex, and leading to some selling in US equity futures (down 0.2% to 2024) ahead of today's main event which is Janet Yellen's speech as the Economic Club of New York at 12:20pm, an event which judging by risk assets so far is expected to be far more hawkish than dovish: after all the S&P 500 is north of 2,000 for now.

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Gold, the Misery Index and Insanity

Posted with permission and written by Gary Christenson, The Deviant Investor (CLICK FOR ORIGINAL)

I am “not isolationist, but I am ‘America First,'” Donald Trump told the New York Times last weekend. “I like the expression.”

Of NATO, where the U.S. underwrites three-fourths of the cost of defending Europe, Trump calls this arrangement “unfair, economically, to us,” and adds, “We will not be ripped off anymore.”

Over the course of his campaign, Bernie Sanders has made it clear that criminal justice reform is something he cares quite a lot about.

“I consider reforming our criminal justice system one of the most important things that a president of the United States can do,” the Vermont senator told a Chicago crowd in December. Sanders has called the incarceration rate in America “an international embarrassment,” and earlier this month, he said the following during a debate with Hillary Clinton: