Persistent Delusion Among the American and NATO Defense Establishment

The House of Representatives on Thursday voted to kill a resolution meant to halt President Trump’s war on Iran without congressional authorization, as US-Israeli airstrikes continue to pound the country. The War Powers Resolution failed in a vote of 212-219, with just two Republicans, Reps. Thomas Massie (KY) and Warren Davidson (OH), supporting the measure. […]

Ugly 7Y Auction Has Lowest Bid To Cover Since September, Biggest Tail Since 2024 After two "terrible" coupon auctions earlier this week, moments ago the Treasury concluded the week's final auction when it sold $44 billion in 7 Year paper. It may not have been quite as terrible as the previous two, but it wasn't much stronger either. Starting at the top, the auction stopped with a high yield of 4.255%, up sharply from 3.790% in February and the highest since Jan 2025. It also tailed the When Issued 4.247% by...

US Africa Command said in a press release on Tuesday that its forces launched another airstrike in Somalia one day earlier as the Trump administration continues its record-shattering bombing campaign in the country. The command said that the strike targeted the ISIS affiliate in Somalia’s northeastern Puntland region, about 46 miles southeast of the Gulf […]