The Federal Reserve’s purchases of short duration T-Bills jumped to $542 billion this week. US defends yen support to protect borrowing costs

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They are stuffing the short end so the long end and the foreign bid do not blow up. US DEFENDS YEN SUPPORT TO PROTECT BORROWING COSTS Treasury Secretary Scott Bessent defended US intervention to support the Japanese yen, warning that extreme volatility could raise American borrowing costs. Japan is the largest foreign holder of US … Read more

Video: Russia strikes massive ammunition depot in Kyiv, Ukraine causing major explosion

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Ukrainian officials say a Russian drone hit a warehouse or “enterprise,” then the site cooked off with secondary detonations. Highway shut from km 15 to 32. PM Koretskyi basically admitted it was another ammo dump by comparing it to the Vyshneve disaster in July. Prosecutors opened a case on whether explosives were even legal there. … Read more

What If the Inflation Cure Is Worse Than the Disease?

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via Peter Reagan There’s a phrase often associated with medicine: Primum non nocere. “First, do no harm,” part of the Hippocratic Oath doctors take. It’s a good principle. Unfortunately, medicine doesn’t always give doctors that option. Sometimes a bone has to be rebroken so it can heal correctly. Sometimes a surgeon has to cut into healthy tissue to reach … Read more

Trump’s updated portfolio is basically a bet that America wins the AI race.

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Trump's updated portfolio is basically a bet that America wins the AI race. (Save this) His largest position is $NVDA at 10.0%, followed by $TSLA at 9.0% and $APPL at 8.5%. Other notable names:$BA: 7.5%$XOM: 7.0%$JPM: 6.5%$PLTR: 6.0%$DELL: 5.5%$GS: 5.0%$INTC: 5.0%… https://t.co/WjjzLdkyBu pic.twitter.com/kZqgexEdjw — Milk Road Stocks (@MilkRoadStocks) August 28, 2026

Nvidia is the lender because banks will not do it alone, five-year CDS closed near 83 bps, around the highs

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Credit guys smell the loop. Equity guys still clap for the print. Ricardo @Ric_RTP Jensen Huang just admitted the biggest AI labs can’t borrow money like normal companies. So Nvidia signs for them, and they spend it on Nvidia chips. Nvidia reported Wednesday and the numbers are absurd: Revenue of $96.2 billion, up 106%, with … Read more

X reveals it uncovered a Chinese bot farm of roughly 200,000 accounts, including hundreds used to influence U.S. debate over AI data centers & energy policy.

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‘We remain committed to maintaining an open and authentic platform where people debate topics of public interest,’ X noted The social media platform X announced that it performed a probe regarding “suspected Chinese inauthentic accounts” participating in influence efforts, uncovering a bot farm of around 200,000 accounts, of which 200 accounts were posting in a … Read more

REPORT: LEAVITT IN TALKS TO HOST ‘THE VIEW’

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Karoline Leavitt could be heading from the White House briefing room to one of television’s most politically charged daytime programs after leaving the Trump administration. The View has expressed interest in bringing the outgoing White House press secretary onto the ABC show, with producers considering her for a possible permanent role, according to the Daily … Read more

The AI bubble may not need AI to fail

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This is what people are missing. AI doesn’t have to stop working for the bubble to break. The economics just have to stop getting better fast enough. AI infrastructure spending is exploding while the cost of producing AI output keeps falling. Token prices have fallen roughly 70% per year as efficiency improves, according to Man … Read more

Your $20 purchase isn’t really $20 anymore

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You see a price. You pay it. Then comes the credit card fee. 2%. 3%. Sometimes more. Credit card processing typically costs merchants around 1.5% to 3.5% per transaction, and more businesses are passing that cost directly to customers. So now you’re paying: The price. Sales tax. Tip. Service fee. And sometimes a credit card … Read more