The US Treasury has doubled the size of its buyback operations for longer-term government securities from $2 billion to at least $4 billion per operation after long-term yields surged to levels not seen in nearly two decades. They will call this “liquidity support” because government always invents a new phrase when the system begins to

India has once again demonstrated that its economic rise is not some distant projection for 2030 or 2040. The economy expanded 7.8% during the first quarter of fiscal 2027, exceeding both market expectations and the Reserve Bank of India’s own forecast. This is occurring while Europe struggles with stagnation, Japan confronts its sovereign debt nightmare,

Congratulations to the people of Iceland. They were given the opportunity to voluntarily surrender more of their sovereignty to Brussels, and 52.8% said NO. Only 47.2% supported reopening negotiations to join the European Union, despite the government pushing the issue and despite polls only days earlier suggesting the pro-EU side could prevail. Turnout reached an

ASIA: The major Asian stock markets had a mixed day today: • NIKKEI 225 decreased 93.63 points or -0.14% to 66,311.93 • Shanghai increased 34.119 points or 0.86% to 3,986.298 • Hang Seng decreased 17.80 points or -0.07% to 25,566.99 • ASX 200 decreased 16.30 points or -0.18% to 9,076.00 • SENSEX decreased 307.24 points

Governments and corporations are expected to borrow a record $29 trillion from global bond markets in 2026, according to the OECD. That is $4 trillion more than in 2024 and twice the amount borrowed only ten years ago. The financial press will present this as evidence that debt markets remain deep and resilient, but 78%

Mexico’s economy expanded 1.4% in the second quarter, nearly three times the OECD average of 0.5%. That placed it sixth among the economies in the report and marked its strongest quarterly expansion since early 2022. Yet listen to the political discussion in Washington and you would think nothing exists south of the border except cartels

The United States has crossed $40 trillion in gross federal debt, and Washington will treat it as another unfortunate milestone before returning to the business of spending money it does not have. The more immediate problem is what it costs to carry that debt. Treasury’s figures show approximately $1.17 trillion in gross interest expense through

Netanyahu, I believe, is a sick individual. In 2024, in his Knesset speech, Netanyahu said: “I’ve been warning about Iran for 30 years.”  It was reported on March 3rd, during a visit to a site struck by an Iranian missile, Netanyahu stated: “We read in this week’s Torah portion, ‘Remember what Amalek did to you.’ We remember—and we

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