Today’s internationalists were yesterday’s imperialists...

Trump said in July that an agreement had been reached for the complete disarmament of Hamas and other armed groups in Gaza.

...one of the more exhausting starts to an August we’ve seen in a while...

"The new government's kinetic approach is already underway in southwestern Colombia." 

"We think the Fed could shrink its balance sheet by $1.5tr over the next few years. That headline number sounds large. The market implications may not be." - Morgan Stanley

Arizona defeated challenge to voter-registration provisions while California put Shasta County’s election overhaul on hold...

Port Authority payroll crosses $1.2 billion with more than $200 million spent on overtime. Meanwhile, The Port Authority raised bridge and tunnel tolls 3% in January while eliminating some off-peak E-ZPass discounts.

"Policymakers see equity market is "too big to fail"...economy dependent on wealth effect and AI data-center capex boom" - Michael Hartnett

Warsh was basically put in charge to cut. He will deal with the hand he has been dealt (the renewed conflict in Iran isn’t helping), but his bias is to cut, not hike.

"I cannot get over the constant miming with her velociraptor claw..."

His attorneys argue the indictment should be thrown out due to alleged vindictive prosecution...

Lack of official Iran-Oman deal, while Iran issued six demands to the US.

The poll highlights a disconnect with the logic of court packers...
 

...some lies are unlikely to register with voters who may prefer to live in delusion...

Investor anxiety on geopolitics, higher rates, and the sustainability of the AI boom has continued to provide a wall of worry for the market to climb higher...

“This is another step in my years-long journey to ensure the U.S. leads the way on digital assets,”

But after years of false dawns, investors still refuse to believe.