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Turkey Liquidated Almost All Of Its US Treasuries In March To Defend Crashing Lira
Turkey Liquidated Almost All Of Its US Treasuries In March To Defend Crashing Lira
Two months ago, at the end of March, we reported that Turkey was aggressively dumping its gold reserves in a panic scramble to obtain dollar funding, which Erdogan's regime was using to keep the Turkish lira from crashing, and to also pay for energy imports which had suddenly soared in price as a result of the Iran war.
The violent selling by Turkey (and other emerging markets) was behind the brutal plunge in gold prices, which tumbled...
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May 3, 2026 / Tyler Durden
Blue Cities Across The US Are Spiraling Into Financial Collapse
Blue Cities Across The US Are Spiraling Into Financial Collapse
Many people are familiar with the "blue state exodus" over the past several years, but are they aware of the blue city business exodus?
It might be one of the biggest economic stories in modern US history, and Democrats are trying to keep it as quiet as possible. There is a blood letting going on in blue cities; a financial disaster in the making. And, like most financial disasters, it will probably be ignored until the house of cards comes crashing...
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Feb 21, 2026 / Tyler Durden
Amb. Huckabee Claims Israel Has 'Biblical Right' To Conquer Whole Middle East
Amb. Huckabee Claims Israel Has 'Biblical Right' To Conquer Whole Middle East
In a jaw-dropping exchange with Tucker Carlson, US Ambassador to Israel Mike Huckabee openly framed Israel's territorial claims in biblical terms - suggesting the Jewish state has a divine mandate over virtually the entire region.
Asked whether a passage from the Book of Genesis could be read as granting Israel the right to claim all the land between Egypt's Nile River and Syria's Euphrates, Huckabee didn't hedge. He bluntly and without apology said it would be "fine" if Israel...
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May 7, 2026 / Tyler Durden
Jobless Claims & JOLTs Confirm 'Higher Hire, No Fire' Economy
Jobless Claims & JOLTs Confirm 'Higher Hire, No Fire' Economy
With JOLTs data showing record hiring (and ADP signaling acceleration in job additions), today we get some signal on firings as the number of Americans filing for unemployment benefits for the first time was at 200k last week (below the 205k exp) and continuing to languish near multi-decade lows (near 1967 lows!!)...
Source: Bloomberg
Non-seasonally adjusted across all the states saw a 299k drop in claims led by Rhode Island and Arizona (California and Michigan saw the biggest increases)...
Continuing jobless claims also...
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