Japan Intervened In FX Market To Buy Yen

New Signals Point To Another Possible Migrant Invasion Against Ceuta The scenes from the Ceuta invasion were deeply alarming, as 60,000 predominantly military-aged men, many carrying no supplies, crossed from Morocco into the Spanish enclave. The invasion set off alarm bells across the West, reinforcing concerns that uncontrolled mass migration poses a major national security risk. According to The Sun, there are new concerns that a second invasion of Ceuta could be "just days" away, as the outlet cites online posts warning it may be their [migrants] "last chance" to enter...

Deflation Is Not The Villain - The Overleveraged Fiat System Is Authored by Nick Giambruno via International Man, It is important to clarify something here. While mainstream economists, the financial media, academia, and other gatekeepers of the rotten fiat currency system howl about the dangers of deflation, it is worth taking a moment to consider whether it is really such a bad thing. First, it is important to define our terms. The correct and true meaning of inflation is an increase in the money supply. So the correct and true meaning of deflation is...

Treasury Refunding: No Change To Auction Sizes As Bessent Deepens Reliance On Short-Term Debt For yet another quarter, the Treasury's Quarterly Refunding offered no surprises, which considering the state of the US bond market is probably not a bad thing.  In its 8:30am ET report, the US Treasury retained its previous guidance for future debt issuance, signaling no change in note and bond auction sizes well into 2027 even as federal borrowing needs balloon to stratospheric levels (and will explode once the AI bubble bursts leading to catastrophic consequences for corporate...