“I place little stock in assuming that the most recent runup in [energy] prices is transitory within an acceptable time horizon,” Jeffrey Schmid, president of the Federal Reserve Bank of Kansas City, said at a conference in Iceland last month.
MARKET OVERVIEW
The three major U.S. stock indexes all closed last week at record highs after setting new intraday records as well.
SPOTLIGHT: THE IRAN WAR’S ECONOMIC DAMAGE
As we detailed, two warmongers, U.S. President Donald Trump and Israeli Prime Minister Benjamin Netanyahu, launched an illegal war against Iran on 28 February that has inflicted severe economic damage across the globe... affecting the lives of eight billion people.
IRAN ENDS NEGOTIATIONS WITH U.S. AFTER REPEATED VIOLATIONS
Iran announced Monday that it will end all negotiations with the United States because of repeated ceasefire violations, including Israel’s ongoing offensive in Lebanon, according to Iran’s Tasnim news outlet.
AS FORECAST: ISRAEL STEALS MORE LAND IN LEBANON AS NETANYAHU CALLS FOR EXPANDED WAR
The IDF on Sunday captured the Beaufort Castle, just outside the southern Lebanon city of Nabatiyeh, as Israeli forces moved deeper into the country than at any point in the last 25 years, as Israeli Prime Minister Benjamin Netanyahu ordered a wider war.
AND BOOM! The House Of Cards Falls (Lions… “Smart Money” Is Preparing For a MAJOR DE-RISKING Event)
A “split” is developing in the markets across the board.
FUN IS DEAD: 12 PERCENT OF AMERICANS SAY THEY CAN’T REMEMBER THE LAST TIME THEY HAD FUN
A newly released study found that American adults are no longer having any fun because of so much stress in their lives.
Global Economy
GOING OUT OF BUSINESS TRENDS
Business closures are accelerating as economic pressures intensify. Small and mid-sized companies are being squeezed by rising operating costs, higher interest rates, tighter credit, and weakening consumer demand.
WHEN THE ECONOMY FALLS, JOBS GO WITH IT
The job market continues to weaken despite headline figures suggesting stability.
SPOTLIGHT: BIGS GETTING BIGGER
Berkshire Hathaway is expanding its presence in the homebuilding industry with an all-cash purchase of Taylor Morrison, one of the largest homebuilders in the U.S.
U.S. Economy
ENERGY SHOCK MAY NOT BE TEMPORARY, FED OFFICIAL SAYS
“I place little stock in assuming that the most recent runup in [energy] prices is transitory within an acceptable time horizon,” Jeffrey Schmid, president of the Federal Reserve Bank of Kansas City, said at a conference in Iceland last month.
HOUSING MARKET IS BLEEDING PROFESSIONALS AS SALES TANK
About 6.1 million homes were sold in the U.S. in 2021. The number slipped to barely five million in 2022 and stagnated at roughly four million in 2023, 2024, and 2025, according to research service Statista.
SALES OF U.S. NEWLY BUILT HOMES FELL IN APRIL
New home sales dropped at an annualized rate of 6.2 percent in April from March, with interest rates remaining high, the U.S. census bureau said. The decline was 11.3 percent from April 2025.
The Iran War
TRUMP SAYS HE ‘DOESN’T CARE’ IF NEGOTIATIONS WITH IRAN ARE OVER; IRGC SAYS IT’S PREPARED FOR NEW ROUND OF FIGHTING
President Donald Trump said in an interview Monday that he was not too concerned with reports that Iran would end negotiations with the U.S. over Israel’s expanded war in Lebanon and admitted that the talks are becoming “very boring.”
UAE PLAYED A BIGGER ROLE IN IRAN WAR THAN PREVIOUSLY REPORTED
The United Arab Emirates (UAE) joined the U.S. and Israel in conducting strikes against Iran during the first round of the war launched in late February, which analysts say shows a willingness by Abu Dhabi to take a more assertive role in confronting Tehran than other Gulf states.
30 MAY 2026: ISRAEL WANTS THE U.S. TO KILL IRAN’S TOP NEGOTIATOR, REPORT SAYS
The Israeli government wants the United States to resume its bombing campaign against Iran and kill Mohammad Bagher Ghalibaf, the parliament speaker and top negotiator, according to a report in Capital & Empire.
Hi-Tech Science
NEW PROCESS WOULD RECYCLE SPENT NUCLEAR WASTE
The U.S. has more than 100,000 tons of waste accumulated from nuclear power plants.
NANOTECH REVERSES ALZHEIMER’S IN MICE
Scientists in China, Spain, and the U.K. have collaborated to develop a technique using nanoparticles that clear amyloid protein clots – a common signature of Alzheimer’s Disease – from the brains of mice genetically engineered to develop the condition.
TOP TREND 2022: SELF-SUFFICIENT ECONOMIES
Lithium is crucial to batteries for electric vehicles (EVs).