Why Stable Systems Fail: The Illusion Of Institutional Control

Trump Would 'Probably Be Open' To Meeting Iranian President, Who Will Address UN President Trump in a Sunday morning Fox News interview repeated some of his talking points about a big decision he is preparing to make regarding what comes next in the Iran war He told the outlet he's currently in "deciding mode" on Iran and that "very big things" are coming, and once again suggested it would either involve major military escalation or else a drawdown in tensions. The president said: "My question is, if and when do I blow the...

Dowd: Lower Yields Are Coming... And Nobody Will Like Why Authored by Ed Dowd via 'Beyond the Narrative' substack, On August 19th the Treasury announced it would increase the size of its nominal long-end liquidity support buybacks beginning September 9. The long end yields declined on the headline. Cue the usual chorus of X hot takes: stealth QE, yield-curve control lite, money printing etc. The reality is much less bombastic...it is mostly a jawboning exercise. The Treasury Is Not the Fed...The Treasury Cannot Create Money Buybacks of this type are a recycling operation. You...