Texas Federal Judge Told Lawyer He Was Intimidated By "Black Excellence" In Light Of His "White Mediocrity"

Japan Sold Almost $90 Billion In Treasuries To Fund Record Yen Intervention At the end of July, the only question following Japan's record $90 billion yen intervention (which worked for about two weeks before the effects faded and Bessent had to engage in more market intervention), was whether and how much Treasuries Japan had sold as part of the intervention.  The BOJ spent a record $90BN to briefly push the yen higher. Another catastrophic intervention by the central bank which is 100bps behind in rate hikes (chart Goldman) pic.twitter.com/xOGszXSgF7 — zerohedge (@zerohedge) July...

Give Peace A Chance By Benjamin Picton, senior market strategist at Rabobank It was TACO Tuesday again in the United States this week as President Trump announced that he was pausing Operation Freedom “for a short period” after it had been underway for just one day. Channelling John Lennon, Trump indicated that progress in negotiations with Iran had convinced him to ‘give peace a chance’, but that the US blockade of Iranian ports would remain in place for now. The Dow Jones, S&P500 and NASDAQ all closed higher and US stock futures...

Bob uses U.S. economic history, centering on the greenback era, to work through some subtle but important distinctions in Austrian monetary theory.