Blistering Auction Demand For 30Y Treasuries

The week’s final coupon auction is now over, and after a very strong 3Y and 10Y auction, the just concluded 30Y reopening closed the week’s action with a bang: pricing at a high yield of 2.607%, the Treasury sold $16 billion in ultra long-dated paper in the form of a 29-year, 11-month reopening which priced […]

It Only Costs Google $20 Million A Year To Control The U.S. Government

Google has fired six of its largest lobbying firms in an attempt to overhaul its global government affairs and policy operations amid greater government scrutiny of its business, according to the Wall Street Journal. Over the last few months, the company has changed its roster of lobbying firms, as well as its Washington policy team, […]

DOJ Investigating CIA Role In Russiagate

The Department of Justice will interview senior CIA personnel as part of a sweeping investigation into the origins of ‘Russiagate,’ according to the New York Times, citing anonymous sources briefed on the matter.  The interview plans are the latest sign the Justice Department will take a critical look at the C.I.A.’s work on Russia’s election interference. Investigators want to […]

Massive Scandal Erupts In China Over “Racist” UBS “Chinese Pig” Comment

Yesterday while reading the morning audio comment from UBS’ top economist Paul Donovan, one section was dedicated to China’s latest inflation print, which struck us as a tad bizarre even for the famously whimsical, humorous and sarcastic Donovan, and we promptly tweeted it: “Chinese consumer prices rose. This was mainly due to sick pigs. Does […]

Escalating Trade War Signals More Pain For Oil

Authored by Nick Cunningham via Trump backed off his proposed trade war with Mexico in the face of intense pressure from business groups and even his own party, but his faith in tariffs remains unbowed. In fact, Trump may have internalized a lesson that presents further risks to the global economy and to oil […]

Saudis Suggest Iran-Backed Houthi Rebels Responsible For Tanker Attack 

Update 5: A spokesman for the Saudi-led coalition supporting Yemen’s government in the country’s civil war has come out and blamed Iran for Thursday’s attack, saying they believe they can connect it to a similar tanker bombing last year in the Red Sea committed by Yemen’s Iran-backed Houthi rebels. The spokesman called the attack a […]

Kremlin Vows “Retaliatory Steps” Against “Aggressive” US Troop, Drone Build-up In Poland

Russian lawmakers have said the new US-Poland joint declaration unveiled yesterday, which will see 1,000 more US troops sent to Poland from Germany along with military drones, will force the Kremlin to take “retaliatory steps” against what the Russian parliamentary statement called US “further large-scale deployments”. One lawmaker went so far as to say the Russian military […]

Tesla Slides After USTR Rejects China Tariff Relief Request

In yet another blow for the government-sponsored carmaker and solar-panel-seller, Reuters reports that the US Trade Rep’s office has denied Tesla’s request for tariff relief on the Model 3′ Chinese-made ‘brain’. Reuters reports that Musk had warned that increased tariffs on the car computer it dubbed the “brains” of the Model 3 causes economic harm […]

WTO Warns Global Trade May Plunge 17% In Full Trade War

In the event of a full-blown trade war, global trade would collapse by 17%, a move that would rival the Dot Com bust, warned the World Trade Organization (WTO). Keith Rockwell, director for information and external relations at WTO, told regional Asian parliamentarians on Tuesday that the global synchronized decline is due to protectionist measures […]

The Omnipresent Surveillance State: Orwell's 1984 Is No Longer Fiction

Authored by John Whitehead via The Rutherford Institute, “You had to live – did live, from habit that became instinct – in the assumption that every sound you made was overheard, and, except in darkness, every movement scrutinized.” – George Orwell, 1984 Tread cautiously: the fiction of George Orwell has become an operation manual for the omnipresent, […]

Wealthy Millennials Are Now Moving To These States 

According to a new SmartAsset study, wealthy millennials are moving to the coasts, but the Northeast isn’t one of them. To determine migration flows of wealthy millennials, SmartAsset examined data (IRS 2015 to 2016 tax year) from all 50 states and the District of Columbia. To calculate net inflow of each state, the study used […]

Meanwhile, In Russia…

Russian slapping competitions have become all the rage after the Siberian “Male Slapping Championships” went viral in March.  [embedded content] But who wants to see two giant men slap each other into the next dimension when you could watch smoking hot women spanking each other’s firm, supple asses instead in “The Booty Slapping Championships”?  The rules are simple; […]

Dems Push Plan To Hold Gunmakers Liable For Mass Shootings

What’s next? Will Dems push legislation to make General Motors liable for injuries sustained from car accidents involving an ’87 Chevette? On Tuesday, Dems introduced legislation in the House and the Senate that would hold gunmakers liable for crimes involving firearms, the Daily Caller reports. If passed, the bill would repeal legislation passed in 2005 […]

The Number One Reason Adults Are Interested In Legalized Cannabis

Authored by Mac Slavo via, Adults are more and more in favor of the decriminalization of cannabis.  And they don’t want the plant’s use legalized because they want to get high, rather most simply want a more natural way to combat pain or depression. A recent Nielsen survey delved into why Americans are interested […]

China Auto Sales Just Posted Their Worst Month Ever

China’s automobile market has continued to catalyze the global auto recession, posting its worst sales month in history for May according to the China Association of Automobile Manufacturers (CAAM). The data showed a decline of 16.4% for May, following a decline of 14.6% in April and 5.2% in March. It was the sharpest decline ever […]

Strong 10Y Auction Prices At Lowest Yield Since 2016

It may not be as strong as yesterday’s stellar 3Y auction, but today’s 9-Year-11-Month reopening of cusip 6T2 was one of the strongest 10Y auctions in the past 3 years, with the high yield stopping at 2.13%, which while tailing the WI by 0.1bp, was the lowest yield for benchmark paper since November 2016, and […]

Euro Slides After Trump Threatens Sanctions To Stop NordStream 2 (Again!)

President Trump (and alternatively Congress) has been threatening sanctions against the Nordstream 2 pipeline for years, so color us surprised when the euro started to sell off on a flashing-red headline from Bloomberg that Trump is considering sanctions… again! “We’re protecting Germany from Russia and Russia is getting billions and billions of dollars in money […]

Biden: Hey, Forget What I Said About China Earlier

Authored by Jim Geraghty via, Joe Biden now believes that: “We need to get tough with China. China poses a serious challenge to us, and in some areas a real threat.” That’s nice. That’s also the opposite of what he said last month, when he declared: “China is going to eat our lunch? Come on, man… They’re […]

Venezuela's Inflation Finally Drops Below 1 Million Percent

Finally, some relief for Venezuelans – and we’re only half joking. Annual inflation in the country has dropped below one million percent in May for the first time since 2018, Reuters reports. And how did the country magically start to rope in inflation? The central bank restricted the domestic money supply – imagine that. Consumer prices for the […]

Pound Tumbles After Parliament Rejects Move To Block No-Deal Brexit

After several weeks in which headlines from the endless farce that is Brexit were mercifully absent around the flux surrounding Theresa May’s resignation, we have some bad news: Brexit is back… and with a vengeance because moments ago cable, which had been rising gingerly in recent days, plunged after the House of Commons voted by […]

Who Is Really Funding Uncle Sam?

Authored by Michael Lebowitz via, In, The Lowest Common Denominator, we quantified the extent to which growth of consumer, corporate, and government debt has greatly outstripped economic growth and our collective income. This dynamic has made the servicing of the debt and the ultimate pay back increasingly more reliant on more debt issuance. Fortunately, taking […]

#KuToo Overtakes #MeToo In Japan

The Japanese version of the #MeToo-Movement, #KuToo, garnered international attention after a press conference and performance including the inventor of the movement, Yumi Ishikawa. Google searches for the movement, which is encouraging Japanese women to protest against workplace dress codes including mandatory heeled shoes, surged in Japan. A petition recently created by Ishikawa on already has around […]

What Comes After Trump – World War III?

Authored by Federico Pieraccini via The Strategic Culture Foundation, Those who are familiar with my articles would be aware that I am not given to catastrophism or alarmism. But perhaps the time has come to reflect on who will be president after Trump (whether after this or the next term) and what this will mean for relations with […]

The Future Is Here: Watch Robot Cop Pull Over Driver And Issue Ticket 

Engineer Reuben Brewer and SRI International, a nonprofit scientific research institute based in California, developed a police robot for traffic stops. This new robot is expected to act as a buffer between the officer and motorist during an encounter, reported The Washington Post. The project began several years ago in Brewer’s garage but has since […]

The FBI Tragedy: Elites Above The Law

Authored by Victor Davis Hanson via, After decades in the FBI, the top brass came to believe they could flout the law and pursue their own political agendas. One of the media and beltway orthodoxies we constantly hear is that just a few bad apples under James Comey at the FBI explain why so […]

Not The Onion: Biden Promises To Cure Cancer If Elected

Having promised to “make America America again,” Democratic presidential frontrunner Joe Biden decided to one-up President Trump during their dueling rallies in Iowa… though this time, we suspect “sleepy” Joe may have over-reached. Not content with the usual impossible campaign promises, Biden promised to cure cancer if he’s elected… “I’ve worked so hard in my […]

Indian Gold Demand Surged In April And May

Via, After a dip in demand in 2018, it appears Indians are buying gold again. Anecdotal data seemed to indicate strong demand for the yellow metal in India during the Akshaya Tritiya holiday. Retailers reported sales were up by as much as 25%. As it turns out, demand was indeed strong. Gold imports into India were up […]

Pat Buchanan: How Do We Remain One Nation & One People?

Authored by Patrick Buchanan via, “My religion defines who I am. And I’ve been a practicing Catholic my whole life,” said Vice President Joe Biden in 2012. “I accept my church’s position on abortion as … doctrine. Life begins at conception. … I just refuse to impose that on others.” For four decades, Biden […]

Commodities And The Future Of China's Stall

Authored by Jeffrey Snider via Alhambra Investments, Commodity prices continued to fall last month. According to the World Bank’s Pink Sheet catalog, non-energy commodity prices accelerated to the downside. Falling 9.4% on average in May 2019 when compared to average prices in May 2018, it was the largest decline since the depths of Euro$ #3 […]

Google Trends Show Bitcoin More Popular Than Donald Trump, Tesla, and Kim Kardashian

It’s hard to believe that Bitcoin has recently become more popular on Google than President Trump, Tesla, and Kim Kardashian, reported ConsenSys, a blockchain software technology company. ConsenSys used search terms like “Blockchain,” “Bitcoin,” “Ethereum,” and “Cryptocurrency,” found that digital asset searches are becoming increasingly popular around the world. Search terms “Donald Trump” and “Bitcoin” […]

Nancy Pelosi Says She's “Done” Talking About Trump

Nancy Pelosi has had it with powerful white men who – because they aren’t members of the House Democratic caucus – aren’t subject to her every whim and command. Earlier on Tuesday, the Washington Post published a report claiming that Pelosi has ignored calls from Facebook CEO Mark Zuckerberg (presumably, she’s still pissed about his […]

America's Most Hated Bank? Three Candidates Turn Down Wells Fargo For CEO Post

Just how hated is Warren Buffett’s “favorite” bank Wells Fargo? Not only are millions of clients dumping the bank following countless scandals involving the bank’s cross-selling of accounts, not only did the Fed slam the bank with an unprecedented penalty (as Janet Yellen’s last act before she retired), not only did the bank’s former CEO, […]

Is A Permanent Military Presence In The Persian Gulf The Only Way To Counter Iran?

It might sound counterintuitive, but a larger military presence in a given region can actually lower the chances of a violent outbreak. It’s the concept of ‘Peace through Strength’ that’s right out of Ronald Reagan’s Cold War rhetoric and/or the movie ‘Starship Troopers’. Yet, Gen. Frank McKenzie, the head of US Central Command, who first […]

All Americans Have Blood On Their Hands

Authored by Robert Scheer via, Shortly after Truthdig columnist Danny Sjursen left the Army, where he spent 18 years on active duty and rose to the rank of major, he sat down with Editor in Chief Robert Scheer for an interview about life after the military and a discussion about the conclusions he drew throughout his […]