No Hikes For You

President Donald Trump suggested he would be willing to deploy US ground forces to Iran.  “I don’t have the yips with respect to boots on the ground — like every president says, ‘There will be no boots on the ground.’ I don’t say it,” President Donald Trump told The New York Post on Monday. “I […]

Tesla's Cybercab Debut Falls Flat As NHTSA Opens Probe Tesla’s long awaited Cybercab finally hit the streets of Austin yesterday, and the debut was something of a dud. For a product Elon Musk has positioned as central to Tesla’s future, the rollout was remarkably subdued. There was no major public livestream with appearance by Musk or traditional press presence, relatively little new information and just 45 Cybercabs registered in Texas as of Thursday. After years of hype surrounding Tesla’s robotaxi ambitions, the event still felt more like a limited demonstration than...

As Japanese Bond Yields Soar, Unrealized Losses At Life Insurers Hit $200 Billion With Japanese bonds in freefall every day, pushing yields on 10Y JGBs to a 3 decade high, just shy of 3%... ... the time to pay the piper is fast approaching as unrealized losses on domestic bonds at Japan's major life insurers have soared to 30.86 trillion yen ($194 billion) as of the end of June, up 60% year-on-year, and trillions more since then, revealing the downside of the rising interest rates that have lifted investment income. The total...