Markets Prematurely May Celebrate, But the Next Phase Likely Will be More, Bigger War

When the Massachusetts colony issued its own unredeemable paper money in 1690, it was with the promise that it would soon be redeemable in specie. Like all paper money issued by government, it lost value and the confidence of the people.

Bessent Keeps Running Tally Of China As "Unreliable Global Partner" - Count Now Stands At Three Treasury Secretary Scott Bessent told reporters Tuesday that Beijing’s panic hoarding of crude and refined products, while refusing to join the rest of the world in releasing supplies to offset the Gulf energy shock, has now demonstrated for the third time in five years that China is an "unreliable global partner." "China has been an unreliable global partner three times in the past five years; once during COVID, when they hoarded healthcare products, second on...

DOJ Launches Investigation into Sexual Assault Allegations Against Eric Swalwell The U.S. Department of Justice has opened a criminal investigation into multiple sexual assault and misconduct allegations against former Rep. Eric Swalwell (D-Calif.), federal officials confirmed Thursday, marking the latest escalation in a scandal that has already forced the longtime congressman to resign from the House and suspend his bid for California governor. Swalwell, who represented California's 14th District since 2013, stepped down from Congress on Tuesday amid bipartisan pressure and a House Ethics Committee probe into claims that he engaged...