Notes in the Margin

Inflation, long dormant in Japan, has taken hold. As a result, investors have been frantically sending bond yields up to levels once unthinkable.

The military buildup includes the USS Abraham Lincoln aircraft carrier strike group. On Friday, the US Treasury slapped sanctions on nine ships suspected of carrying sanctioned Iranian oil. 

"Gold prices tore past another milestone, with tariff threats against Canada and the possibility of a fresh U.S. government shutdown adding fuel to the metal’s historic rally."

"President Donald Trump said Wednesday that he would like to appoint Treasury Secretary Scott Bessent to chair the Federal Reserve."

The world would not read a takeover of Greenland as bold. It would read it as a country that has run out of better ideas. 

The Supreme Court will deliberate on the legality of Trump’s effort to dismiss Fed Governor Lisa Cook.

“Considering your Country decided not to give me the Nobel Peace Prize for having stopped 8 Wars PLUS, I no longer feel an obligation to think purely of Peace.”

This latest gold surge follows President Trump’s weekend threats of new tariffs on eight countries unless they support a U.S. purchase of Greenland.

After briefly topping $94 this morning. 

Grizzly bears are no where near being truly "endangered" yet they continue to receive federal protection.