Yes, the Latest Bank Bailout Is Really a Bailout, and You Are Paying for It.

Russia & Ukraine Declare Ceasefires That Will Begin On Different Days Authored by Dave DeCamp via AntiWar.com, Russia said on Monday that it would observe a ceasefire with Ukraine on May 8 and May 9 to observe Victory Day, when Russia celebrates the Soviet Union's victory against Nazi Germany in World War II, but it’s unclear if the truce will hold, as Ukrainian President Volodymyr Zelensky responded by declaring a ceasefire that will start earlier. "As of today, there has been no official appeal to Ukraine regarding the modality of a cessation of hostilities...

Some 850 people, including 107 children, have been killed and another 2,100 have been wounded as the Israeli invasion of Lebanon continues to escalate with no end in site, and Foreign Minister Gideon Sa’ar has publicly disavowed the idea of peace talks with the Lebanese government. Sa’ar insisted that the Lebanese government needs to immediate […]

"...The Entire Internet Has Doomer Fatigue" Authored by James Howard Kunstler, "I can tell the entire internet has doomer fatigue." - Catturd on X The mysterious financial repo markets - which practically no one outside of banking understands (and even some banking insiders don't) - started showing some signs of stress recently (forward rates spiking: 1Y1Y SOFR has risen nearly 50 bps in two weeks, signaling growing concern among dealers and investors about future funding costs); though not near the level they did in September 2019, just before You-Know-What sucker-punched the world with...