Hegseth: The New Motto Is We Do Bad Things to Bad People

A US senator gets a basic Taiwan and South China Sea question and freezes, defaulting to “I support the military.” That clip sets the tone for a hard look at how casually America treats foreign policy competence while Congress keeps voting on war funding, alliances, and the next escalation. We talk through why Taiwan policy, […]

The Washington Post reported that it spoke with multiple US officials who confirmed that more American soldiers have been killed in the war against Iran than the Department of War has publicly disclosed. The Pentagon has publicly acknowledged 18 service member deaths and more than 830 injuries. The outlet reported on Thursday, speaking with five […]

"We Can't Do Any Planning"; Dallas Fed Manufacturers Uniformly Negative As we await a maelstrom of Level 1 macro data this week, you could be forgiven glancing wistfully at this morning's Dallas Fed Manufacturing survey's modest headline beat (small decline MoM) and thinking "meh." That would be a mistake... Production is soaring (yay!!) and is forecast to remain strong... Employment is up (yay)... BUT is expected to plunge... And more worryingly, Prices Paid and expected Prices Received are accelerating  again... Ok so with all that in mind, here are the (uniformly negative) responses from the...