Bastiat's Famous Candlestick Makers' Petition

GOP Senator Opposes More Than 60 Days Of War On Iran Without War Declaration In what could become a key milestone in an unpopular US-Israeli war on Iran that has the world on the edge of economic catastrophe, a Republican senator from one America's reddest states has announced his opposition to continued action against Iran beyond 60 days from the Feb 28 commencement of hostilities -- unless Congress approves it.  "I support the president’s actions taken in defense of American lives and interests," wrote first-term Sen. John Curtis in an opinion piece...

While the administration continues to downplay the possibility of boots on the ground in Iran, large numbers of US ground troops continue to conspicuously arrive in the Middle East, with over 3,500 additional troops reported by Central Command (CENTCOM) to have arrived Saturday. A substantial majority of the new arrivals were US Marines aboard the […]

Ugly 7Y Auction Has Lowest Bid To Cover Since September, Biggest Tail Since 2024 After two "terrible" coupon auctions earlier this week, moments ago the Treasury concluded the week's final auction when it sold $44 billion in 7 Year paper. It may not have been quite as terrible as the previous two, but it wasn't much stronger either. Starting at the top, the auction stopped with a high yield of 4.255%, up sharply from 3.790% in February and the highest since Jan 2025. It also tailed the When Issued 4.247% by...