A Property Tax Rebellion Is Emerging In America

Ugly, Tailing 30Y Auction Makes History With First 5%+ Yield Since The Great Quant Crash Of Aug 2007 Moments ago, the last refunding auction of the week, the sale of $25BN in 30Y paper, made history: it was the first 30Y auction to print with a high yield above 5%, and a coupon of 5%, since August 2007... which as veteran traders will recall was the month of the historic quant crash which marked the S&P highs at the time and eventually culminated in the global financial crisis.  The auction priced...

North Korea Fires 10 Ballistic Missiles, Flexing During US Regional Drills It's obvious that 'wars of choice' never get launched against nuclear-armed powers, and countries like North Korea want to keep it that way, given it is already treated like a 'rogue' state by the West. Saturday saw Pyongyang engage in more muscle-flexing, as its military fired about 10 ballistic missiles toward the eastern sea, according to South Korea's military said, staging its own show of force as the rival South conducts a joint military exercise with the United States. Japan's Defense Ministry...

President Donald Trump said the entire country of Iran could be destroyed in one night, suggesting he could give the order for the attack on Tuesday.  “The entire country [of Iran] can be taken out in one night. That night might be tomorrow night,” the President said during an address on Monday. On Sunday, Trump […]