We just got the April Consumer Price Index, a key measure of inflation. It shows that prices are rising as the Iran war creates oil supply shocks. Let's take a look at this chart.Month-over-month inflation was 0.6% in April after hitting 0.9% in March. The last time we saw numbers like this was back in 2022, when inflation was at a 40-year high. That leads us to this annual inflation chart, which shows that overall inflation hit 3.8% in April.So-called core inflation, which excludes volatile food and energy ...

OK, as we said, Donald Trump heads to China this week. It's a big deal. It's a country who's standing in the world is growing while America's is slipping.Trump's war in Iran has not only succeeded in giving Iran a brand new weapon, the Strait of Hormuz, but it's further weakened America's economy and this nation's position in the world, much of which is to China's benefit. Today Trump said losing a vital free global shipping artery in the Strait of Hormuz was quote genius because now countries are buying oi ...