A hub for independent voices and hard truths
NEW: Feds arrest an Iranian woman last night at LAX right before she was about to get on a flight to Turkey. Shamim Mafi is accused of brokering Iranian bombs, weapons, drones and ammunition to Sedan. Mafi, who lives in …
The Fed’s Reverse Repo Facility balance fell to just $78.1 billion on August 7, 2025. This shows banks are pulling money out of the Fed, holding onto cash instead of lending or investing. “The Fed’s Reverse Repo Facility (RRP) balance …
The United States is the biggest arms dealer on Earth, responsible for 43% of the world’s weapons exports from 2020 to 2024. The US transferred seven times more than China, and five times more than Russia. Ben Norton explains how …
Corporate bonds outstanding >$10T. Primary dealer inventory $33B -not a liquid market. When credit markets quiet & calm, it gives impression liquidity's fine, but if many want to sell, liquidity disappears. Even in quiet markets, finding a bond can take …
by Chris Black Last Friday the Secured Overnight Financing Rate (SOFR), a repo rate serving as the Fed’s new target reference rate , jumped 6 basis points (6 bps, 0.06) to above the Fed’s target range… Continue reading by subscribing. …
Ford spokesman Marty Gunsberg confirmed that the electric pickups are being returned to Ford’s Rouge Electric Vehicle Center for “additional quality checks.” “As a result, we have canceled some dealer stock orders not submitted as pre-sold” for model year 2023,” …
The rising mismatch between electric vehicle supply and demand is showing up at car dealerships as unsold EVs stack up. Dealerships tell Bussiness Insider that EV supply from automakers has been turned away as demand cools. Rising EV inventories and …
by Chris Black The Treasury’s new buyback program will have a humble beginning, but tremendous potential to become an essential tool with far reaching impact. Treasury first hinted at a buyback progra… Continue reading by subscribing.
The consumer is showing signs of weakening: pic.twitter.com/lQrIAfC7CO — QE Infinity (@StealthQE4) July 30, 2023 JayPo said financial conditions tightening last week referring to this Credit is undoubtedly tightening as auto loan rejections hit highs and credit profile of borrowers …
A Cayuga County man was sentenced to prison Friday for having an unregistered and short-barreled AR-15-style rifle, federal prosecutors said. Duane Hollenbeck, 54, of Moravia, was charged in September after investigators found numerous ghost guns and large-capacity magazines at one of his …