Notes in the Margin

The US dollar index tumbled in the first six months of the year, posting its worst first-half performance since 1973 when Richard Nixon was president.

Trump continues his campaign demanding more inflation and the further devaluation of the dollar. 

The original adherents of “America First” grounded themselves in a liberal tradition, arguing that entanglement in foreign wars would erode freedom at home and threaten our constitutional republic.

The chair of the Senate Banking Committee, branded the renovations “luxury upgrades that feel more like they belong in the Palace of Versailles.”

Low interest rates are a type of subsidy to home prices, and rising prices reflect falling mortgage rates. 

Napolitano: The argument is that less liberty produces more safety. That premise is historically and morally erroneous.

May PCE inflation rises to 2.3%. Remember when Powell predicted inflation would soon be back at 2 percent back in September? 

Trump wants more inflation. Warsh, Hassett and Bessent are among those under consideration as Trump evaluates their commitment to cutting rates. 

President Trump called for Israeli Prime Minister Benjamin Netanyahu’s corruption trial to come to an end in a strong show of support for the Israeli leader.

The Venezuelan bolivar comes in as the WORLD'S WORST currency.