One In Three American Men No Longer Working

Terrible 5Y Auction: Worst Bid To Cover In 4 Years, Highest Tail Since 2024, Dealers Jump Another day, another very ugly auction. After yesterday's appallingly bad 2Y auction, moments ago the Treasury sold $70BN in 5Y paper in what was another terrible auction. Just after 1pm, the auction stopped at a high yield of 3.966%, up from 3.608% in February and the highest since May 2025. It also tailed the When Issued 3.966% by 1.4bps, the biggest tail since Oct 2024. The bid to cover was 2.29, down from 2.32 last month and...

Iran's Reliance On China's Beidou Satellite System Is A Game-Changer In War With US Authored by former CIA officer Larry Johnson During the 12-day war in June 2025, Iranian missiles and drones struggled against sophisticated Israeli and American electronic warfare. GPS jamming and spoofing repeatedly disrupted their guidance systems, limiting their effectiveness during the intense 12-day conflict. Fast-forward to early 2026, and the battlefield dynamics had shifted dramatically. Iran’s precision strikes began threading through advanced air defenses, hitting high-value targets across the Gulf with surprising accuracy. Intelligence analysts pointed to one key...

Tuesday marks four years since Russia first launched its invasion of Ukraine, and, despite President Trump promising to end the war quickly, there’s no end in sight to the conflict as Russian and Ukrainian leadership haven’t budged on their core demands for a peace deal. Ukrainian President Volodymyr Zelensky reaffirmed in an interview with the […]