This morning, ICE rolled into a Home Depot parking lot using a moving truck, like a Trojan horse, to snatch Latino workers. Whoever they could find. No idea if they were undocumented or not. That’s not enforcement. That’s racial profiling, and it violates a standing court order. Even Penske called it out: using their cargo trucks to transport humans is prohibited.

The views of some FOMC members appear to be shifting to align with the position taken by the two dissenters, Governors Bowman and Waller, at last week's policy meeting. The massive revisions to the jobs data are, of course, the catalyst for this change. However, there's another noteworthy aspect: We're once again witnessing the limitations of this Federal Reserve's excessive data dependency, which has left it with virtually no strategic vision -- something that also contributed to the big 2021-22 ("transitory inflation") policy mistake. #economy #markets #federalreserve

The US Economy Will Thrive in Spite of Trumponomics by Nouriel Roubini @ProSyn While there is no question that Donald Trump's economic agenda is potentially stagflationary, the United States happens to be at the center of some of the most important technological innovations in human history. These will deliver benefits that far outweigh the costs of ill-advised trade and other policies.