The Sy Hersh effect: killing the messenger, ignoring the message

10Y Yield Extends Rise After Surge In ISM Manufacturing Prices After ISM's almost unprecedented bounce higher in January, US Manufacturing dipped in February: S&P Global Manufacturing PMI fell from 52.4 to 51.6 - weakest in seven months ISM Manufacturing PMI fell from 52.6 to 52.4 (better than expected) And this is occurring as 'hard' data ebbs lower... “February saw US manufacturers report the weakest expansion since last July, in a further sign that the overall pace of economic growth has moderated in recent months," according to Chris Williamson, Chief Business Economist at S&P Global Market...

Somali Fallout: US Treasury Will Pay Snitches Up To 30% On Fraud, Money Laundering Prosecutions On the heels of all that Somali fraud in Minnesota, the US Treasury Department on Friday launched a new portal where people can report suspected fraud, money laundering and sanctions violations.  Snitchin' Bubbles from The Wire According to officials, tips should be submitted with supporting documents. "FinCEN’s Office of the Whistleblower is accepting tips involving violations and conspiracies related to the Bank Secrecy Act, U.S. sanctions programs, and several other laws critical to safeguarding the U.S. financial system...

Rep. Khanna To Force Vote On Iran War Powers: 'Another Endless Dumb Foreign War' Authored by Dave DeCamp via AntiWar.com, Rep. Ro Khanna (D-CA) said on Wednesday that he will force a vote on a War Powers Resolution meant to prevent President Trump from attacking Iran without congressional authorization, as required by the Constitution. The resolution was introduced by Rep. Thomas Massie (R-KY), Khanna, and several other Democrats back in June 2025 amid the 12-day US-Israeli war against Iran, but a ceasefire was reached before a vote was held. Massie was the original sponsor, and the...