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US payrolls record September 2026 masks a deteriorating wage story
The consensus read on September’s labour market data is broadly upbeat: US payrolls set a September 2026 record of 159.04 million nonfarm jobs, private-sector hiring continues, and…
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The Dollar Reserve Currency Role Is Hiding in Plain Sight, Just Not Where You’re Looking
The consensus on the dollar reserve currency role is not wrong, exactly. It is looking in the wrong place. While commentary continues to obsess over the International Monetary Fund’s…
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Texas Cattle Feeders ICE Disruptions Expose the Cost the Consensus Ignored
The dominant read on immigration enforcement treats economic disruption as a tolerable side effect. The Texas Cattle Feeders ICE disruptions now unfolding across Oklahoma, Kansas and Texas…
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Diesel Export Voluntary Cap Floated by Wright Carries Bigger Risks Than Advertised
The consensus read on Energy Secretary Chris Wright’s diesel export voluntary cap proposal is that it threads a needle: softer than a ban, easier to unwind, and proof that the…
