“Too Big To Fail”: Russia-Gate, One Year After Intel Vets Showed A Leak, Not A Hack

Authored by Patrick Lawrence via ConsortiumNews.com, One year later, the VIPS memo contending that the DNC emails were leaked and not hacked has yet to be successfully challenged. Meanwhile, the country sinks deeper into the morass of the new McCarthyism… A year has passed since…

Charlottesville has its boogeymen and it’s not letting go

This weekend marks the one year anniversary of the police stand down that led to the Antifa riot and the death of Heather Heyer last August in Charlottesville.  Hundreds rallied yesterday, with more expected today. On Wednesday, Virginia Governor Ralph Northam and the City of…

“A Devastating Scenario”: Brazil Breaks Own Record For Number Of Murders, Ahead Of Election

The total number of people killed in a single year in Brazil has hit a record, the economically collapsed, South American country saw 63,880 homicides in 2017, according to a Brazilian think-tank, which indicated much of the violent crime is concentrated in the impoverished northeastern…

“Self-Fulfilling Contagion”: This Is The Worst Case Scenario For Turkey

With Turkey’s inflation soaring to a 15 year high as the ongoing result of a currency in meteoric free fall, coupled with tumbling capital markets and record high interest rates, both from unsustainable domestic imbalances as well as the prospect of a doubling of steel…

Tailing, Mediocre 30Y Auction Concludes This Week’s Debt Issuance Surge

After a poor 3 Year auction on Tuesday, a strong, and record-sized, 10 Year auction yesterday, at 1pm the US Treasury sold $18 billion in 30 Year bonds at a yield of 3.090%, 0.3bps above the When Issued 3.087% – this was the 3rd consecutive…

Treasury Sells Record Amount Of 10Y Notes In Solid Auction

Heading into today’s 10 Year Treasury auction, we knew it would be special no matter how it turned out: with $26 billion in notional for sale, it would be the highest amount of 10Y paper sold for this maturity. And with deficits only set to…

US Abandons Oil Sanctions To Avoid Owning Venezuela’s Collapse

Authored by Brian Scheid via Platts’ “The Barrel” blog, Just more than a year ago, it was not a question of ‘if’, but ‘when.’ As Venezuela’s leftist leader Nicolas Maduro consolidated power in an election derided as a fraud by the international community, the Trump…

Edward Snowden: 5 Years In Russia & Still Relevant As Ever

Authored by Seraphim Hanisch via TheDuran.com, TASS reported that August 1 was the five year anniversary of Edward Snowden’s being granted temporary asylum in the Russian Federation. This happened after his release of an enormous trove of information showing clandestine and illegal practices being carried out…

Happy birthday, Retraction Watch: We’re eight today

Hey, we’re eight today! Every year on August 3, we like to remind readers of everything we have to celebrate on our anniversary — and of what a privilege it is to be able to do this work. We’ve come a long way since we…

Bitcoin Use For Consumer Purchases Craters 85% In 8 Months

Bitcoin’s use as a medium of exchange has cratered over the last year, dropping from a high of $411 million in transactions last September to a “scant” $60 million in May across the largest 17 crypto merchant-processing services, according to research conducted for Bloomberg by firm…