We know what’s coming and we are prepared.
🇺🇸 The Atlanta Fed’s GDPNow says the U.S. is growing at +3.8%.
But Moody’s Analytics finds 22 states + D.C. already in recession, from Washington to Georgia to Massachusetts.
So... are we booming, or breaking?
Moody’s chief economist Mark Zandi says the U.S. is “on the precipice” of a damaging contraction.
Job losses are mounting in states tied to manufacturing, farming, and transport, while high-cost states like Georgia are now seeing population pullbacks.
Even California and New York are “treading water.”
GDP paints one picture - broad averages lifted by consumer spending and services.
But the micro data tell another story...goods-producing regions are cracking.
In past cycles, state-level recessions often lead national ones.
The fissures start small… until real cracks appear
Zandi blames policy uncertainty: tariffs, job cuts, and stalled labor growth.
Others say the slowdown’s overhyped.
Either way, 22 recessions inside one economy isn’t a "no landing"...it’s a warning.
🔗 Simon Ree
🇸🇪 Sweden passes 'good behaviour' law to kick out misbehaving immigrants
Sweden's parliament passed a law on Monday allowing authorities to revoke immigrants' residency permits based on bad behaviour, such as having unpaid debts, doing undeclared work or links to extremist organisations.
The law, which covers pending permits but also retroactively already granted permits, is part of a wider tightening of immigration rules by the right-wing government and its support party, the nationalist Sweden Democrats, ahead of a parliamentary election in September.
The law has been criticised by the opposition and human rights advocacy groups as arbitrary because decisions would be taken on behaviour that has not been deemed criminal.
The law does not specify what types of behaviours are deemed unacceptable but the government has mentioned unpaid debts, not paying taxes, criminality and links to extremist organisations. The Migration Agency is tasked ...
The U.S. Strategic Petroleum Reserve (SPR) has fallen to 340.3 million barrels, its lowest level since 1983, after the government released another 8.9 million barrels last week.
The reserve has dropped 18% (75 million barrels) since the Iran conflict began in February.
The administration has used SPR releases to help keep oil prices from surging.
Source: CNN
After several hours of confusion and uncertainty, it’s time to bring some order to the situation.
What exactly did Trump agree to?
The agreement rests on two very lean principles:
“The Strait of Hormuz must remain open to free navigation, and Iran must not possess nuclear weapons.”
Trump has insisted in nearly every other post that Iran will not be allowed to obtain nuclear weapons, while simultaneously pushing to keep the Strait of Hormuz open to unrestricted maritime traffic at any cost.
But why was Trump so eager to reach such a minimal agreement? Why did he pressure Israel not to interfere, even at the cost of merging the various fronts and exposing soldiers to greater danger? Why did J.D. Vance, who has opposed military intervention, suddenly move to the forefront while Rubio faded into the background? And why has no one managed to offer a convincing explanation beyond references to the World Cup, birthdays, the midterm elections, and other superficial reasons for this apparent obsession?
Most ...
