PODCAST: Why This Recession is Different

Treasury Boost Quarterly Borrowing Estimate To $189BN: Full Quarterly Refunding Preview The US Department hiked its estimates for US debt borrowing in the current quarter, citing lower net cash flows. In a statement published today, and ahead of Wednesday's Quarterly Refunding Announcement, the US Treasury said that it now expects to borrow $189 billion in net debt for the current quarter, up ~$80 billion from the $109 billion it had forecast in February. The estimate assumes a June quarter-end cash balance of $900 billion, the same as the prior forecast.  According to the...

India To Climate Cartel: Count Us Out Authored by Vijay Jayaraj via American Greatness, Sometimes a story gets buried not because editors conspire against it, but because the news cycle has room for only one crisis at a time. This year the big news has been the Iran war. But even accounting for competing headlines, the silence around a genuinely consequential development is telling. And that is the story of India’s explicit rejection of the global net zero movement. India has walked away from its bid to host the COP33 UN climate conference, and...

An Iranian official explained that Tehran was sending a negotiating team to Qatar for indirect talks with the US about implementing the Memorandum of Understanding (MOU).  “What will probably be done in Doha tomorrow is a discussion on the implementation of clauses of the memorandum of understanding, including the clause related to the release of […]