The Bigger Problem That The Tim Walz NGO Scandal Has Exposed

Here's All The Key Figures Who Have Resigned Over The Epstein Files...So Far We are starting to finally see the beginning of a series of high-profile resignations following the Justice Department’s latest release of millions of pages tied to convicted sex offender Jeffrey Epstein. The documents—emails, financial records, and photographs—name figures from politics, finance, diplomacy, academia, and the arts. Although inclusion in the files is not evidence of wrongdoing, the renewed scrutiny has prompted several prominent leaders to step down, as was documented by Time yesterday.  As we've covered individually, those who...

Terrible 5Y Auction: Worst Bid To Cover In 4 Years, Highest Tail Since 2024, Dealers Jump Another day, another very ugly auction. After yesterday's appallingly bad 2Y auction, moments ago the Treasury sold $70BN in 5Y paper in what was another terrible auction. Just after 1pm, the auction stopped at a high yield of 3.966%, up from 3.608% in February and the highest since May 2025. It also tailed the When Issued 3.966% by 1.4bps, the biggest tail since Oct 2024. The bid to cover was 2.29, down from 2.32 last month and...

First let me explain the meaning of the X message and photo that appears above… the cancellation of the training exercise is a key indicator that the Pentagon is going to deploy the some, if not all, of the 82nd Airborne Division to the Persian Gulf. Final destination unknown. You may recall an article I […]