Omar, Obama, And The Danger Of False Identities

Camp David Clash: Trump Hammered Hegseth For Misleading Him On Arms Supply, WaPo Reports Following reports that US forces have "used up virtually all" of their precision, long-range missiles in futile attempts to first trigger an Iranian regime change and then to compel Iran to open the Strait of Hormuz, now comes reporting that an angry President Trump confronted Defense Secretary Pete Hegseth in recent days, accusing the Pentagon of misleading him on critical munitions shortages that leave Trump increasingly powerless in the five-month-old fiasco of a war.  According to sources cited...

Ugly, Tailing 30Y Auction Sees Foreign Demand Tumble, Dealer "Backtop" Bid Jump After yesterday's stellar 10Y auction, which saw the 5th highest Indirect take down on record, today's reopening of $22BN in 30Y paper (via Cusip UU0) was a mirror image: ugly, poor foreign demand, and tailing. Starting at the top, the auction priced at a high yield of 5.02%, down fractionally from 5.046% last month (which was the first 5% coupon auction in history). And just like last month, today's auction also tailed the When Issued 5.008% by 1.2bps; this...

Europe Fails To React To Ukrainian Drone Incidents Authored by Lucas Leiroz de Almeida via Global Research, Recent drone incidents in European countries, especially in the Baltic states, are generating controversy among those who support the war with Russia. Some argue that Ukraine is merely defending itself against “Russian aggression,” with these “accidental” occurrences being an inevitable side effect of hostilities. Others believe that Kiev should act more cautiously to avoid harming partner countries. Meanwhile, drones continue to crash in Europe without a definitive solution being presented for this issue. Recently, a...