Is This Peak 'Clown World'?

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...

With Dismissed Lawsuits And DOE Support, Holtec Delays Palisades Nuclear Plant Restart Further Holtec announced last week that the major refurbishment projects at Palisades are complete. Reactor vessel inspections, head penetration replacements, steam generator tube refurbishment, primary system decontamination, and operator training all wrapped up. New fuel now sits on site, ready for loading. The company called it a "watershed moment" and shifted focus to grinding through the remaining work. Yet there is still no restart date…      “Holtec International remains on track to restart operations at Palisades in October 2025” These are...

Nearly half of Americans want Israeli Prime Minister Benjamin Netanyahu to be arrested by US authorities during his visit to the US, according to an Economist/YouGov poll cited by the Israeli newspaper Haaretz. The poll found that 49% of Americans wanted to see Netanyahu arrested, including 74% of Kamala Harris voters and 23% of voters […]