World Economic Fuck'em

Terrible 2Y Auction: Biggest Tail In 3 Years, Dealers Highest Since 2022 With both foreign and domestic investors dumping gold (and anything else not nailed down) to fund oil, at its brand sparkling new price of $170 (in Asia), we were wondering how long before the lack of disposable cash hits US debt. We got the answer today at just after 1pm when we got the results of today's $69 billion 2Year bond auction. In a nutshell, it was terrible. The auction priced at a high yield of 3.936%, up from...

International Energy Agency (IEA) Executive Director Fatih Birol said on Monday that the world is facing a massive energy crisis caused by the war against Iran.  Birol argued that the current energy crunch is worse than those of the 1970s and the impact of Russia’s 2022 invasion of Ukraine combined. “This crisis, as things stand, […]

Trump’s first year back in office has been loud, aggressive, and consequential—but has it been effective? Ryan McMaken appears on Stossel TV.