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S&P Slashes New Orleans' Credit Rating On "Structurally Imbalanced Operations"
S&P Slashes New Orleans' Credit Rating On "Structurally Imbalanced Operations"
New Orleans, home to Mardi Gras and muffulettas, has been governed by Democrats for decades, so it should come as little surprise that S&P Global Ratings has slashed the city's obligation rating to the third-lowest level of investment grade and placed it on a negative outlook.
S&P Global Ratings cut New Orleans' general obligation rating by one notch to BBB+ with a negative outlook, citing structurally imbalanced finances, shrinking reserves, and growing reliance on one-time desperate measures to meet cash needs.
"The...
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Jun 30, 2026 / Robert P. Murphy, Lawrence Lepard
From 2008 to the Coming Reset: Larry Lepard's Case for Sound Money
Bob sits down with fund manager and author Larry Lepard to discuss his book The Big Print, which argues that the core problem with modern America is not corporate greed or partisan politics, but a monetary system deliberately structured to benefit those closest to the Fed.
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Apr 25, 2026 / Tyler Durden
The Petroyuan Myth: War Failed To Shake The Dollar
The Petroyuan Myth: War Failed To Shake The Dollar
Authored by Antonio Graceffo via The Epoch Times,
Despite sanctions and two wars, the yuan is losing ground, with much of its earlier rise tied to Russia and now reversing.
The Kremlin drafted a memo this year outlining seven areas of potential economic convergence with Washington, including a proposed return to dollar settlement for Russian energy transactions. The stated rationale in the memo is that dollar integration would stabilize Russia’s balance of payments and foreign exchange markets. Russia never actually wanted to transact...
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Jun 24, 2026 / Tyler Durden
Senate Passes War Powers Resolution In Rebuke Of Trump Policy
Senate Passes War Powers Resolution In Rebuke Of Trump Policy
The US Senate on Tuesday passed a war powers resolution - a symbolic rebuke of President Donald Trump which calls for an end to the US-Israeli war against Iran, and requires explicit authorization from Congress.
The Democrat-led concurrent resolution passed by a narrow 50-48 vote, seeking to constrain President Donald Trump’s ability to wage war against Iran. The measure had previously cleared the House of Representatives on June 3.
US President Donald Trump looks on as he stands in front of the...
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