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Bessent's 'Yentervention' Does Not Fix Japan's Underlying Structural Issues

Bessent's 'Yentervention' Does Not Fix Japan's Underlying Structural Issues Authored by Ed Dowd via 'Beyond The Narrative' substack, ...a delicate meal to cook before Midterms... My conclusions on the Bessent yen intervention: The move is a temporary Band-Aid at best and sharp yen strength can historically trigger carry-trade unwinds and risk-asset volatility, but it does not fix Japan’s structural debt or rate differentials. The Fed, BOJ and Treasury are walking a tightrope. Consensus is correct that the primary driver is preventing forced sales of Japan’s $1T+ UST holdings that would spike US yields. Expanding the...
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Jun 8, 2026 / Tyler Durden
House Report Finds Minnesota Officials Ignored Fraud To Avoid Racism Accusations
House Report Finds Minnesota Officials Ignored Fraud To Avoid Racism Accusations A House Committee on Oversight and Government Reform report released Monday paints a devastating picture of both Minnesota Gov. Tim Walz and state Attorney General Keith Ellison, finding that they both knew about widespread fraud in state social services programs and failed to act. The report centers on the Feeding Our Future scandal, in which a Minnesota-based nonprofit systematically exploited federal COVID-19 relief funds intended to provide meals to children. So far, more than 60 people have already been found guilty...
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May 21, 2026 / Tyler Durden
The News-to-Death Ratio Strikes Again
The News-to-Death Ratio Strikes Again Authored by Carl Henegan and Tom Jefferson via The Brownstone Institute, There is a peculiar arithmetic that governs modern health reporting, one that has very little to do with actual risk. Hans Rosling captured it neatly during the 2009 swine flu episode, when he calculated a “news-to-death ratio” of 8,176-to-1. In other words, for every death attributed to swine flu, there were over eight thousand news stories. Tuberculosis, by contrast, received less than 0.1 news stories per death over the same period. If that sounds absurd, it...
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Aug 3, 2026 / Tyler Durden
"We Use Thicker Steel": Security Firm Fortifies HVAC Units Against Thieves
"We Use Thicker Steel": Security Firm Fortifies HVAC Units Against Thieves Copper wiring, light poles, catalytic converters, copper gutters, and even Tesla charging cables have long been targets for thieves. But in crime-ridden metro areas governed by progressive or reformist socialist city halls that have adopted softer enforcement policies, where lefty prosecutors are perceived as unwilling to pursue property crimes, criminals have become increasingly emboldened. They have moved beyond stealing industrial metals to taking entire outdoor HVAC units, prompting some homeowners and businesses to install heavy steel security cages around their condensers. An...
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