Pentagon Ramps Up Preparations for Potential Attack on Cuba

5Y Auction Tails Despite Jump In Foreign Demand, Yields Hit Session High After a mediocre 2Y auction to start the week's coupon issuance this morning, moments ago the Treasury sold 5Y notes in another average auction. The sale of $70BN in 5 Year paper stopped at a high yield of 3.955%, down fractionally from 3.980% last month, and tailing the When Issued 3.950% by 0.5bps. This was an improvement from last month's 1.4bps tail, but more concerningly this was the 11th tail in a row for 5Y issues. The bid to cover...

The Clash Of Civilizations Restarts History Authored by J.B. Shurk via American Thinker, Western globalists won’t last long. Thirty-five years ago, American political scientist Francis Fukuyama made a name for himself by advancing the proposition that the end of the Cold War and the dissolution of the Soviet Union promised the ascendency and universalization of so-called Western liberal democracy.  As a Marxist-Hegelian who saw the progression of history as an evolutionary process with a natural and predetermined conclusion, Fukuyama envisioned Western-styled liberalism as both “the endpoint of mankind’s ideological evolution” and “the final form of human government.”  Expecting...

Which US States Are Seeing Incomes Rise The Fastest (And Slowest) Since 2019, U.S. household incomes have surged - rising from $68,700 to $83,730 nationally, a 21.9% increase in just five years. But where you live matters a lot. While some states tracked close to the national average, others saw incomes climb at nearly double the pace, driven by booming local industries and major investment. States like Colorado posted outsized gains, while Georgia’s expanding EV industry brought billions in investment and rising paychecks. The map, via Visual Capitalist's Dorothy Neufeld, shows which states saw...