The Fortuitous Fed

"Analysts have warned that the sell-off in Japanese bonds could lead to higher US Treasury yields and discourage investors from buying U.S. bonds."

DOJ Finds USDA Preferences For 'Socially Disadvantaged' Farmers Discriminatory Authored by Bryan Hyde via American Greatness, The Department of Justice (DOJ) has concluded that the U.S. Agriculture Department’s (USDA) favors for “socially disadvantaged” groups unconstitutionally discriminate based on race and sex. Just the News reports that the Office of Legal Counsel (OLC) has determined conservation‑planning programs that authorized USDA to waive user fees for “socially disadvantaged” farmers as defined by race‑ and sex‑based criteria, violated the Constitution’s equal-protection guarantee. 🔥Hot off the presses: @TheJusticeDept explains that the @USDA cannot give benefits only to certain...

Curious Timing: Ukraine Declares Druzhba Pipeline Repaired After New Hungarian PM Elected Ukraine announced Tuesday it completed repairs to the damaged Druzhba oil pipeline and stands ready to resume pumping Russian oil to Europe, a step Ukrainian officials expect will unlock a long-delayed EU aid package. The timing is quite interesting and surely not coincidental given that Hungary's newly elected PM Péter Magyar and his victorious Tisza party are now in Budapest rapidly preparing for the transfer of power in Hungary. Magyar just accomplished a dramatic landslide defeat of Viktor Orbán...