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Terrible 2Y Auction: Biggest Tail In 3 Years, Dealers Highest Since 2022
Terrible 2Y Auction: Biggest Tail In 3 Years, Dealers Highest Since 2022
With both foreign and domestic investors dumping gold (and anything else not nailed down) to fund oil, at its brand sparkling new price of $170 (in Asia), we were wondering how long before the lack of disposable cash hits US debt. We got the answer today at just after 1pm when we got the results of today's $69 billion 2Year bond auction. In a nutshell, it was terrible.
The auction priced at a high yield of 3.936%, up from...
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Mar 16, 2026 / Tyler Durden
Guess What Ireland's President Said About St. Patrick's Day...
Guess What Ireland's President Said About St. Patrick's Day...
Authored by Steve Watson via Modernity.news,
Irish President Catherine Connolly marked her first St. Patrick’s Day in office with a message that reframed Ireland’s patron saint as a symbol for open borders and ‘global citizenship’, urging the Irish to embrace migrants amid ongoing surges in arrivals that have sparked nationwide tensions.
In a video address, Connolly drew parallels between St. Patrick’s enslavement and modern migration, calling for hospitality toward those displaced by war and persecution—conveniently overlooking how mass influxes of economic migrants have overwhelmed Irish communities and resources.
The...
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Jan 20, 2023 / Sundar Pichai
Letter from Google CEO to Employees: 12,000 jobs to be cut
Googlers,
I have some difficult news to share. We’ve decided to reduce our workforce by approximately 12,000 roles. We’ve already sent a separate email to employees in the US who are affected. In other countries, this process will take longer due to local laws and practices.
This will mean saying goodbye to some incredibly talented people we worked hard to hire and have loved working with. I’m deeply sorry for that. The fact that these changes will impact the lives of Googlers weighs heavily on me, and I take full responsibility for the decisions that led us here.
Feb 26, 2026 / Andrew P. Napolitano
The Price of Perfect Nihilism
When President Donald Trump first announced that he had ordered the Pentagon to attack fishing boats and speedboats on the high seas which he said carried dangerous drugs destined for willing buyers in the United States, many of us who monitor the government for its indifference to the Constitution perceived it as truly criminal and […]
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