You Only Had To Listen: Ron Paul Destroys Mike Johnson For Betraying America Former US Congressman Ron Paul has gone completely ham on Speaker Mike Johnson, first - writing in a recent Op-Ed that Johnson has "betrayed liberty and the Constitution" after reauthorizing FISA surveillance but casting

Market Is Splendidly Indifferent To Rising Inflation Risks Authored by Simon White, Bloomberg macro strategist, There continues to be scant evidence of inflation hedging in markets despite clear signs price-growth risks are rising. Inflation remains in focus this week as we get the first quarter’s

Subpar Record 5Y Auction Tails, Pushes Yields To Session Highs One day after the US sold a record amount of 2 Year paper in a very strong auction, the Treasury has followed that up with a record amount of 5 year paper, this time in a less than impressive sale. The $70BN in 5Y paper was up $3BN from

Cocoa Drops Most Since April 2009, Some Losses Recovered In Muti-Day Volatility Rollercoaster Cocoa futures in London on Tuesday plunged the most since April 2009, tumbling as much as 8.1%, while prices slid as much as 7.7% in New York. Prices recovered some losses on Wednesday morning. It appears

Cities' "Doom Loops" Are Even Worse Than You Imagined Authored by Charles Hugh Smith via OfTwoMinds blog, This is why those who understand these dynamics are getting out, even though the city was their home. A correspondent who prefers to remain anonymous sent me this account of the "doom loop"