US Retail Sales Dropped In January As Weather, Weak Gas Prices Weigh

Those Big, Beautiful Bonds Authored by Robert Aro via the Mises Institute, The U.S. Government sells debt on a revolving door basis, yet most people aren’t aware of the mechanism by which this is done. Luckily, ZeroHedge covers the debt auction results, which allows us to articulate one of the structural problems in the Federal Reserve system. As reported last week: The week’s lone coupon auction priced at 1pm when the Treasury sold $13 BN in 20Y paper, in a solid if not stellar auction. Deciphering the trader talk in the article, the...

"Expect Moderate Disruptions": Oil Tankers Avoid Strait Of Hormuz As Operation Fury Hits Iran Automatic Identification System (AIS) vessel-tracking data indicate that multiple tankers abruptly reversed course near the entrance to the critical maritime chokepoint of the Strait of Hormuz early Saturday, following the U.S.-Israeli operation (Operation Epic Fury) targeting Islamic Revolutionary Guard Corps command-and-control infrastructure in multiple Iranian cities. Bloomberg reporter Stephen Stapczynski pulled data from the Terminal that shows shipowners of crude oil, crude products, and LNG tankers are avoiding the strait, even though the waterway remains open and...