Socialist Wisconsin Gov Candidate Won't Back Down After Calling To "Cancel Thanksgiving"

Donald Trump has posted yet another threat to his TruthSocial. If Iran does not open the Hormuz Strait in 48 hours, he will target the country’s power plants. The US has the ability to do this. It did it in Iraq. But Iran is not Iraq. Saddam Hussein was not able to do much beyond […]

Treasury Refunding: No Changes To Auction Sizes; Bessent Keeps "At Least" In Forward Guidance In our preview to this morning's Quarterly Refunding Statement, we said that we do not expect major changes and that, at most, the treasury might adjust its statement language to soften the forward guidance on possibly futures increase in coupon auction sizes with one likely change would be dropping “at least” while retaining the expectation for unchanged coupon sizes over “the next several quarters” (recall Deutsche Bank said it expects nominal coupon increases beginning in February 2027).  Overnight, JPMorgan agreed,...

Combining binary and triangular interventions, the state coercively taxes citizens to pay for its services, monopolizes certain services, and then is incentivized to engage in paid non-delivery.