The End of Artificial Employment

"Iran Is Not Really A Threat To The US"; Curt Mills On Pulling The Chips Off The Table Re:Hormuz President Trump's Iran agreement remains under pressure after a fresh round of retaliatory strikes by the U.S. in and around the Strait of Hormuz. Iran allegedly targeted a commercial cargo ship with attack drones, U.S. forces responded by striking Iranian missile, drone, and radar sites. So the ceasefire is shaky but it seems ….. Against that backdrop, last night, American Conservative executive director Curt Mills and Will Chamberlain of the Article III Project...

Stellar 20Y Auction Stops Through, With Highest Foreign Demand In 2 Years In a quiet day for stocks, which are now trading near session lows, which in turn is prompting a bid for safety, the Treasury complex was already trading at the best levels of the day ahead of today's Treasury auction. Then just after 1pm, the stellar results from today's 20Y auction (technically a 19 Year 11-month reopening of cusip UV8), confirmed the solid demand for US paper.  Today's sale of $13BN in 20Y paper was solid from top to...