Biden versus Bastiat

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...

President Trump on Thursday again said he was delaying his plan to order major strikes on Iran’s power plants, claiming that negotiations with Iran were going well despite Tehran’s continued insistence that talks with the US aren’t even happening. “As per Iranian Government request, please let this statement serve to represent that I am pausing […]

At least 41 more people were killed in Lebanon today as a flurry of Israeli airstrikes struck the eastern Bekaa Valley and Israeli ground troops clashed with Hezbollah forces. Since Monday, the Lebanese Health Ministry has reported 294 people killed in the Israeli assault, and 1,023 wounded. In the face of continuous escalation, the Lebanese […]