Yen Tumbles After Takaichi Nominates Two Prominent Doves To The BOJ It’s not just Trump who is stacking his central bank with uberdoves. After plunging yesterday following a Mainichi report that Japanese Prime Minister expressed concerns at more BOJ rate hikes, the yen has tumbled more, sending the USDJPY as high as 156.80 this morning, the highest since Feb 9, after the Takaichi administration announced two nominees to succeed the […]

Subpar 5Y Auction Sees Biggest Tail Since July 2025, Bid to Cover Slides After yesterday’s 2 Year auction, moments ago the Treasury sold its second coupon for the week when it auctioned off $70BN in 5 Year paper in a rather lackluster auction.  The auction priced at a high yield of 3.615%, down from 3.823% a month ago, and the lowest since November; it also tailed the When Issued 3.608% by 0.7bps, the biggest tail since last […]

Schumpeter Didn’t Have This Level Of Destruction In Mind By Michael Every of Rabobank The tendency for the rate of things to fall Markets are trying to get past a report on how devastating AI could be for employment. There are push-backs: it ignores resource constraints and Schumpeterian creative destruction, and echoes Marx’s Tendency for the Rate of Profits to Fall. Yet Anthropic just released desk-top plug-ins plugins aimed […]

“Do You See What Happens Larry…”: Summers Out At Harvard After Epstein Scandal Who could have seen this coming? Aug 2019: Clinton Treasury Secretary Larry Summers Rode On Epstein’s ‘Lolita Express’ The former Harvard President and Clinton-era Treasury Secretary has been cited four times on the flight logs of Jeffrey Epstein’s ‘Lolita Express’. During his first trip, he was still working in the Clinton administration. And during […]

Ethereum Foundation Starts Staking ETH As Client Diversity Concerns Persist Authored by Christina Comben via CoinTelegraph.com, The Ethereum Foundation has begun staking part of its treasury, turning one of Ethereum’s most influential entities into a direct economic participant in network consensus. According to a Tuesday post on X, the foundation deposited 2,016 Ether and plans to stake about 70,000 in total, with all […]

Trump To Iran: War Can Be Averted If It Says “Those Secret Words” Among the most important foreign policy statements of President Trump’s during his annual State of the Union address to a joint session of the Senate and House of Representatives Tuesday night came in discussing his Iran red lines. “We are in negotiations with them. They want to make a deal, but we haven’t heard those secret words: ‘We will never have a nuclear […]

One In Five California Home Sales Canceled Due To Unaffordable Insurance Authored by Mike Shedlock via MishTalk.com, Ponder a $44,000 insurance bill. This does not count as inflation in the CPI. Dysfunction in California’s Insurance Market The Wall Street Journal reports A $44,000 Bill Shows the Dysfunction in California’s Home-Insurance Market Glenn and Lorraine Crawford paid about $500 a month to insure their home in […]

On Gold, Oil, & Uranium Billionaire natural resources investor Rick Rule, legendary short-seller Bill Fleckenstein, and veteran oil trader Erik Townsend join ZeroHedge this evening at 7PM ET to give their outlooks on three key commodities sectors: Gold, Oil, and Uranium. Gold and silver have, of course, exploded in price over the last 52 weeks with gold’s price almost doubling and reaching a high of over $5500. Silver’s […]

Software Stocks: Navigating The SaaSpocalypse Authored by Michael Lebowitz via RealInvestmentAdvice.com, The recent rotation from growth to value is well documented. While the return divergences between, for instance, technology stocks and materials or industrials stocks are significant, they do not tell the whole story. There are also extreme return differentials between broad industries and their sub-industries. In this […]

Democrats Talk Affordability, Immigration In Rebuttal To Trump SOTU As usual, the opposing party was ready with a rebuttal to the President’s State of the Union address last night.  Virginia Gov. Abigail Spanberger delivers the Democratic response to President Donald Trump’s State of the Union address in Williamsburg, Va., on Feb. 24, 2026. Mike Kropf/Getty Images Speaking from the House of Burgesses in Colonial Williamsburg, […]

Most Voters Want Immunity For Vaccine Companies Removed: Poll Authored by Zachary Stieber via The Epoch Times, A majority of voters say immunity for pharmaceutical firms should be removed in cases where the companies’ vaccines cause injuries, according to a new poll. Sixty percent of voters responding to the poll agreed that vaccine manufacturers should be stripped of immunity in such cases, including 33 percent who strongly […]

WTI Extends Losses After Biggest Crude Build In 3 Years Oil prices are sliding this morning following as an over-supplied market (API reported a huge 11.4mm barrel build last week) beats the geopolitical risk premia (with the US poised to attack Iran). “Iran, rather than backing down and agreeing to all and any term [U.S. President Trump] is placing on the table (as he had expected), is instead daring him to attack. “Just you […]

Horrific New Data Reveals Thousands Of Children Mutilated Under Biden Regime Authored by Steve Watson via Modernity.news, New revelations from the Stop The Harm Database expose a grim reality: between 2019 and 2023, thousands of American children were subjected to life-altering surgeries, hormone treatments, and puberty blockers in the name of transgender ideology. According to the data compiled by medical watchdog group Do No […]

Trump Talks Economy, Immigration, Taxes, And AI In State Of The Union Address Update (2320ET): While predicted to be ‘2 or 3 hours,’ President Trump’s State of the Union was just 109 minutes – though it was still the longest on record since at least 1964. Trump emphasized border security, energy production, and tax policies while throwing Democrats under the bus over the economy and unchecked illegal immigration. Trump […]

“Enough Is Enough”: David Tepper Slams Whirlpool For Value Destruction In “Scathing” Letter David Tepper, the billionaire behind Appaloosa Management, blasted Whirlpool’s board in a sharply critical letter, accusing the appliance maker of eroding shareholder value and demanding a strategic reset, according to CNBC, who viewed the letter. Tepper said he watched with “a certain astonishment” as Whirlpool moved ahead with what […]

The US Dollar: From Exceptional To Average? Authored by Eva Sun-Wai via BondVigilantes.com, The dollar’s slide last year looks less like a sudden break and more like the culmination of pressures that have been gathering for a while. The fading of US exceptionalism has sat quietly in the background, and once the narrative started to normalise, the cracks became clearer: softer growth expectations, slower capital inflows, and […]

Contaminated Meat From Brazil Hits The EU, As Mercosur Opponents Are Proven Right Via Remix News, Opponents of Brussels’ deal with Latin American countries to import agricultural products are being proven right, unfortunately. Meat containing a banned growth hormone has shown up in the EU, a Dutch authority has reported, leading Polish authorities to order urgent inspections by the relevant inspectorates. EU farmers and […]

Futures Rise Ahead Of Critical Nvidia Earnings US equity futures are higher into NVDA earnings release after the close, and the risk-on tone in the US yesterday has spread globally with tech giant’s earnings a catalyst for maintaining the rally aided by Tech. As of 8:00am ET, S&P 500 futures were up 0.3% as with Nasdaq 100 contracts +0.4%; NVDA is up 0.6% in premarket trading and while blowout results from the company later […]

“I Did Nothing Illicit”: Bill Gates Begins Apology Tour Over His Epstein Ties A week after Bill Gates abruptly pulled out as a keynote speaker at a high-profile global AI summit in India, the left-wing billionaire finally mustered enough nerve to “take responsibility for his actions” over his ties to late financier and sex offender Jeffrey Epstein during a town hall meeting with Gates Foundation employees. The Wall Street Journal […]

Spacecraft Builder That Beats Big Defense Primes On Cost And Speed: Here’s How To Profit Provided continued AI disruption, indiscriminate software stock selling, and credit market risks do not trigger a broader risk-off market event in the coming weeks or months, a June SpaceX IPO could become the bedrock for the grand reopening of the IPO market. The second-order effects of a SpaceX IPO would be improved sentiment toward AI […]

Diageo Shares Plunge Most In Two Years On Weaker Guidance, Dividend Cut Shares of Diageo Plc fell the most in 2 years after the maker of Guinness beer and Johnnie Walker whiskey cut its guidance for the second time this fiscal year amid soft demand in the US and China markets. The move marks an early challenge for new CEO Dave Lewis. The British distiller now expects organic net sales to decline by 2% to 3% this fiscal year, down […]

Market Bets Soar That Fed Will Cut Rates To 2% In 2027 Concerns about rising inflation, and the Fed hiking rates to contain it, have reversed rather dramatically.  As Bloomberg’s Edward Bolingbroke observes, after months of consensus trades that the Fed’s easing cycle will end in 2026, traders in US futures and options markets are suddenly piling on bets that the Fed will continue cutting rates well into next year instead of […]

The AI Boom Is Powering A Nuclear Renaissance Authored by Robert Rapier via OilPrice.com, Hyperscale AI data centers require city-scale electricity loads, making dependable baseload power a strategic necessity. Microsoft and Amazon are forming direct nuclear partnerships and pursuing advanced reactor technologies to secure long-term energy supply. Energy infrastructure, particularly nuclear generation and uranium […]

Trump’s Cuba Pressure Campaign Could Spark Cohiba Cigar Price Spikes Cuba is buckling under a severe economic crisis. Years of economic mismanagement, turbocharged by hyperinflation and population decline, have left the nearly seven-decade-old communist government weaker than at any point in years. Now, the Trump administration has promised maximum pressure, with President Trump openly vowing to bring the regime to its knees. […]

Trump Admin To Launch New Free-Speech Site To Combat Censorship Abroad Authored by Kevin Stocklin via The Epoch Times (emphasis ours), In response to what the Trump administration says is a rising tide of censorship in Europe, the State Department is launching a new app that will give users worldwide access to content that has been censored in other countries. European Commissioner Thierry Breton speaks during a news conference at […]