Japanese Bond Yields Surge To 30 Year High On Report Tokyo May Hike Defense Spending To 3.5% Of GDP

Scientist Suggests Dark Matter Could Be Black Holes From A Different Universe Authored by Steve Watson via Modernity.news, While the scientific establishment has spent decades chasing invisible particles that never quite show up, a leading cosmologist has dropped a theory that turns everything on its head: dark matter isn’t some exotic new particle. It could be ancient black holes that survived from an entirely different universe. This idea, laid out by Professor Enrique Gaztanaga of the University of Portsmouth, doesn’t just tackle one cosmic puzzle. It offers a clean fix for the Big...

Abbott Orders Pause On Texas Data Center Approvals Pending Audit Texas Governor Greg Abbott just ordered a pause on approving new data center projects via the state's grid interconnection process over concerns that a surge in electricity demand could threaten reliability amid growing opposition to the projects.  The timing couldn't be worse - as Texas is on the cusp of becoming one of the world's largest hubs for data-centers, with Reuters citing industry forecasts that it could surpass Virginia by 2030 thanks to abundant land, energy, and a business-friendly environment.  In a letter to the Public Utility Commission of...

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...