Two FED Presidents Hit The Alarm Over The Broken Treasury Market

Two FED Presidents Hit The Alarm Over The Broken Treasury Market

In the usual post-FOMC meeting jawboning circus, today we had not one but two Fed officials discussing not the topic du jour – Fed policy errors and soaring inflation – but something far more ominous: the broken Treasury market. Just...
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Zircon hypersonic missile test launch

Zircon hypersonic missile test launch

The Russian frigate Admiral Gorshkov successfully completed a test launch of the state-of-the-art Zircon hypersonic cruise missile on Thursday, the country’s Defense Ministry has revealed. The Zircon, a scramjet anti-ship missile produced domestically, was s...
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UK: National security probe of nVidia’s $54 Billion ARM deal

UK: National security probe of nVidia’s $54 Billion ARM deal

The British government has launched an in-depth investigation into nVidia’s takeover of the UK-based technology company ARM on national security grounds, throwing another hurdle in the path of the $54 Billion deal. Digital and Culture Secretary Nadine Dorrie...
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2022 Mazda CX-50 debuts

2022 Mazda CX-50 debuts

Mazda just unveiled the newest member of its growing family of SUVs. Meet the new 2022 Mazda CX-50, with a focus on off-road performance. The CX-50 is visually and, presumably, physically taller than the CX-5 — Mazda hasn’t released detailed spec...
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Mexico Is The World’s Deadliest Country For Journalists This Year

Mexico Is The World’s Deadliest Country For Journalists This Year

While fewer media professionals around the world have been killed in recent years, Statista’s Katharina Buchholz notes that being a journalist remains dangerous in many countries. In 2021 to-date, Reporters Without Borders counted 39 journalists and...
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The Taper Begins

The Taper Begins

After announcing it would do it two weeks ago, day ago the NY Fed published its first post-taper POMO schedule, which sees a drop from $80 billion in TSY purchases, a number which had been flat ever since the spring...
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A Record Number Of Americans Just Quit Their Job

A Record Number Of Americans Just Quit Their Job

The US labor market remains hopelessly broken. After seven consecutive months of massive increases in job openings (where even the weakest month saw a 290K increase and the strongest, July, saw a record 913K new jobs openings), today the BLS...
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China’s Third Aircraft Carrier Nears Launch

China’s Third Aircraft Carrier Nears Launch

China could be months away from launching its newest aircraft carrier, according to a new analysis by a Washington-based think tank. The Center for Strategic and International Studies (CSIS) published commercial satellite imagery of China’s third aircr...
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USA vs. China

USA vs. China

In recent years, America’s unsuccessful attempts at containing China as a rival hegemon has only served to promote Chinese antipathy against American capitalism. China is now retreating into the comfort of her long-established moral values, best described a...
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Lira Crashes To All Time Low

Lira Crashes To All Time Low

Turkey’s Central Bank cut its one-week repo rate by 200bps, from 18% to 16%, double what consensus expected (15 of 26 economists in Bloomberg’s survey expected 17.00%, with the rest expecting a 50bps cut), arguing inflation is “transitory” if adding t...
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Emerging World Hands Dems A $750 Billion Bill For Climate Change

Emerging World Hands Dems A $750 Billion Bill For Climate Change

According to WSJ, the made-for-camera moment happened at a global climate summit in July, when there were no cameras around, when Kerry was handed what the paper described as “a bill” for aiding the developing world in its shift away from fossil....
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Pentagon Faces Class-Action Lawsuit Over Vaccine Mandates

Pentagon Faces Class-Action Lawsuit Over Vaccine Mandates

Service members from all five branches of the U.S. military, federal employees, and federal civilian contractors have joined in a class-action lawsuit against the Department of Defense over its COVID-19 vaccine mandates. The 24 plaintiffs “face a deadline ...
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Phoenix Home Prices Up Over 32% YoY

Phoenix Home Prices Up Over 32% YoY

  Supporting the vicious cycle of soaring home prices pushing homebuyer confidence to record lows, July Case-Shiller Housing data (the latest available) showed yet another record pace of increase in home prices. The broad HPI rose 19.70% YoY (a record) a...
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Real Semites: No Return To Peace Talks Under US Leadership

Real Semites: No Return To Peace Talks Under US Leadership

Senior Palestinian official Azzam al-Ahmed said that any future peace talks with so-called “Israel” will be based on an international peace conference. The Real Semites i.e. Palestinians are opposed to a return to the peace negotiations with so-cal...
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Taiwan Reports Zero COVID Cases

Taiwan Reports Zero COVID Cases

Taiwan Reports Zero COVID Cases For First Time Since Outbreak Began In May As COVID cases surge in Vietnam, Thailand, Malaysia and other countries across East Asia, Taiwan on Saturday achieved another milestone in its battle with COVID: zero new...
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