US lost nearly $2B worth of military equipment in first 4 days of strikes against Iran

Beware Contrived Scares And False Flags In Europe Authored by Thomas Karat via The Libertarian Institute On the evening of August 4, an airport employee at Leipzig/Halle noticed a small drone resting on the apron near a parked Ukrainian Antonov freighter. It carried an explosive charge and a detonator. The charge did not go off. A bomb-disposal robot rolled out across the tarmac, and by the account German officials would later give, the device had gone unnoticed for roughly four hours before anyone found it. Then the airport reopened and the...

Futures Rise, Oil Slides As Iran's Supreme Leader Talks Peace And Shrugs Off Ras Tanura Attack US futures are higher as hopes for a diplomatic end to the Iran war got a fresh boost after Monday's Mecca Pact talks in Tehran, with Supreme Leader Mojtaba Khamenei calling for pursuing the conditions set out by Iranian officials to end the war and an Iranian ambassador floating a seven-day plan to reopen Hormuz, which more than offset a Houthi missile attack on Saudi Arabia's Ras Tanura refinery; as a result oil slid...

Key Events This Week: Jackson Hole. Nvidia Earnings And Core PCE As we start a new weeks, the upward pressure on long-end bond yields from last week has shown initial signs of easing. Indeed, the 30yr Treasury yield is down -5bps overnight to 5.22%, whilst the 10yr yield is down by the same amount to 4.69%. That’s been supported by an announcement by the Treasury to CNBC that some/all of the cash in the Treasury General Account may be used to fund buybacks (bringin the US ever closer to Yield...