“The Right Squad” discussed President Trump’s historic bilateral meeting with President Xi Jinping in China, strengthening economic ties and addressing critical global security concerns.
The stock market and the bond market are telling different stories about the economy: Bonds fear doom, while stocks see boom. Why it matters: That's a bit confusing for investors and policymakers looking to these markets to make decisions — or for anyone trying to get a read on (waves hands) everything. The intrigue: Stocks are betting on what former IMF chief economist Gita Gopinath calls the "bliss trade " — a belief that stocks can keep rallying even as bond investors price in more inflation risk. Zoom in: Central to this thinking is that any real geopolitical shocks will be offset by government spending, Gopinath, now a professor at Harvard University, wrote in the Financial Times. - That's what happened in the 2022 energy shock…
The U.S. Supreme Court can create a much-needed precedent, ensuring that religious organizations can use their property for religious purposes without being subject to restrictive and inappropriate land-use laws.