Hormuz To Year-End: Bullish Or Bearish?

Terrible 2Y Auction: Biggest Tail In 3 Years, Dealers Highest Since 2022 With both foreign and domestic investors dumping gold (and anything else not nailed down) to fund oil, at its brand sparkling new price of $170 (in Asia), we were wondering how long before the lack of disposable cash hits US debt. We got the answer today at just after 1pm when we got the results of today's $69 billion 2Year bond auction. In a nutshell, it was terrible. The auction priced at a high yield of 3.936%, up from...

Court Rules For WaPo Reporter In Major Win For Press In National Security Case Authored by Jonathan Turley, There was an important ruling last week by Magistrate Judge William B. Porter of the Eastern District of Virginia in favor of the press regarding the handling of files and materials taken in a search of the home of a Washington Post reporter. Judge Porter ruled against the Trump Administration in what he called an “unsupervised, wholesale” search of the files of Hannah Natanson, who covers the federal government for The Post. Instead,...

"An Astonishing Sign Of Cultural Decay..." Authored by James Howard Kunstler, Sure, Take That Time-Out “Crisis is when brittleness meets shock. “ - Yuri Bezmenov’s Ghost on X By shutting down the government for a minimum of ten days supposedly over funding for the Department of Homeland Security (DHS), the Wile E. Coyote Democratic Party is about to blow up another Acme bomb in its mangy muzzle. I will tell you why. First, this DHS business is just a stupid prank to bamboozle the public. It will not shut down ICE operations, as Chuck Schumer pretends. ICE...