Treasury Boost Quarterly Borrowing Estimate To $189BN: Full Quarterly Refunding Preview

Dowd: US Disabilities Hit An All-Time High Of 37 Million In July: UP 23% Since Feb 2021 Authored by Ed Dowd via Beyond The Narrative, The latest Bureau of Labor Statistics data is out, and the number of Americans ages 16 and over reporting a disability has hit a new all-time high of roughly 37 million. As of July 2026, the Current Population Survey series sits at 37,029,000. That's not a rounding error or a seasonal blip. It's the continuation of a trend that broke higher more than five years ago...

IRGC Says 'Smart Submarine' Operated By US Seized In Hormuz, Releases Images Iran's Islamic Revolutionary Guard Corps (IRGC) navy announced Tuesday it had captured an unmanned US submersible at the entrance of the Strait of Hormuz, a claim which corresponding photographs appear to back. The US side has yet to confirm the capture of the advanced naval drone, but some reports suggest it was "lost" after failing to operate properly. The IRGC statement called it a "complex intelligence and operational action." Tasnim identified the captured system is a Dive-LD in a report,...

"Bit Of Chaos": Hormuz Shuts Agains As Ships Make U-Turn The Trump administration’s "baffle 'em with bullshit" methodology has been on full display, as the reopening of the Hormuz chokepoint on Friday drove a broad risk-on in markets: US equities soared, crude collapsed, and Treasury yields declined, based on the assumption that disruption to global energy flows had eased. However, as of early Saturday morning, those moves may prove premature. The Wall Street Journal reports that the world’s most important maritime chokepoint is once again closed to commercial transit. About 20 ships...