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Medicore 30Y Auction Has First Tail Since November

Medicore 30Y Auction Has First Tail Since November After a solid 3Y auction and a tepid 10Y auction earlier this week, moments ago the Treasury concluded the final coupon auction of the week, when it sold $22 billion in a 30 year reopening in what was another average auction. The sale stopped at a high yield of 4.876%, virtually unchanged from 4.871% a month ago and the highest since last July. It also tailed the When Issued 4.871% by 0.5bps, the first tail since November. The bid to cover was 2.385,...
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Jul 18, 2026 / Tyler Durden
DHS Issues Funding Warning To States That Don't Purge Voter Rolls
DHS Issues Funding Warning To States That Don't Purge Voter Rolls Authored by Jack Phillips via The Epoch Times, Department of Homeland Security (DHS) Secretary Markwayne Mullin on Friday said that states that do not purge their voter rolls of potentially ineligible voters and noncitizens could lose funding. U.S. Secretary of Homeland Security Markwayne Mullin speaks during a news conference in the Eisenhower Executive Office Building in Washington, on July 17, 2026. Anna Moneymaker/Getty Images It came as he said the DHS has identified more than 250,000 noncitizens who were illegally on voter...
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Jul 30, 2026 / Tyler Durden
Samsung Earnings Beat Expectations But Stock Abruptly Reverses Kneejerk Gains
Samsung Earnings Beat Expectations But Stock Abruptly Reverses Kneejerk Gains Samsung Electronics delivered another good quarter last night, underscoring that the AI infrastructure boom appears to continue to funneling enormous profits toward the companies supplying the memory chips powering. Shares were up 10% at one point but finished the session red. The South Korean technology giant reported second-quarter revenue of 171.5 trillion won and operating profit of 89.5 trillion won, according to CNBC, beating analyst expectations of 79.3 trillion won and marking another record quarter. Operating profit surged more than eighteen-fold...
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Mar 13, 2026 / Joshua Mawhorter
Revisiting Colonial Massachusetts and Mises’s Taxonomy of Money
Contrary to what the Modern Monetary Theory advocates and their Chartalist allies are claiming, the 1690 colonial Massachusetts issuance of fiat money did not create an enlightened moment in U.S. monetary history. Instead, it was a monetary bait-and-switch.
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