Tony Blair Calls For UK To Get Closer To Trump And Ease Climate Change Targets

Artificial Intelligence, Real Misallocation Authored by Peter C. Earle, Ph.D, Artificial intelligence may well be the most important technological development of the coming decade-and that is exactly why the current capital surge around it warrants skepticism. History is littered with transformative innovations that were nonetheless disastrously overbuilt and mispriced in their early phases. Austrian Business Cycle Theory was never a children’s story in which every boom ends with clowns, ashes, and worthless machinery; its real claim is subtler and nastier. When the price of time is falsified-when interest rates are pushed...

The Fed Owns Over 50% Of All Bonds Maturing Between 10 And 15 Years From Now Submitted by Peter Tchir of Academy Securities Treasuries, Treaties, and Treatises Let’s start with Treasuries. We laid out the approach we would take if we were Warsh last weekend in Warsh’s Mark Antony Moment (a play on coming to “bury” inflation, yet having quite the opposite effect, at least in terms of interest rate policy).  After Bessent’s “attempt” to drive bond yields lower, we analyzed the possibilities in Treasury, Treasuries, The Fed, and Iran. The primary focus...

UBS Calls Brazil Election "Extremely Close" - Bolsonaro Win Would Cement LatAm's Political Shift Socialist Brazilian President Luiz Inácio Lula da Silva's polling lead over right-wing Senator Flávio Bolsonaro has eroded in recent weeks, leaving both statistically tied in UBS' latest runoff polling average.  Arend Kapteyn, UBS' global head of economics and strategy research, described the upcoming election in early October as "extremely close" in a note to clients on Monday. Lula (Left); Bolsonaro (Right) Kapteyn's note today puts Bolsonaro at 50.4% in a hypothetical runoff, against 49.6% for Lula, adding that the narrowing...