Dugan could now face up to five years in prison...

...k-shaped reality or rampant propaganda?

"Listening to what he said, I honestly couldn’t tell at all when the next rate hike might be. He didn’t really say anything about the neutral rate — there was simply no guidance at all."

...despite tumbling mortgage rates.

“Here’s our North Star: Does this help us win? If the answer is no, it’s a distraction from the core mission.”

Humiliating failure for Von der Leyen & Merz as they went all-in on asset seizure...

We’re under sustained attack...

Even Democrats themselves are in open revolt: only 42 percent of Democratic voters approve of how their own party’s members in Congress are doing...

...the most (easing dissents) seen in a comparable period since Paul Volcker had the chair in the early 1980s.

“While the conditions for a Santa rally are broadly in place, markets may need a fresh catalyst. In that context, a renewed positive trigger — potentially linked to encouraging news in the AI space — could help reignite momentum.”

This margin-debt vs SPX metric is flashing 2000/2007 peaks.

"The bad: We believe this quarter's results will fuel several key long-term bear concerns..." 

Every nation is operating on models that are collapsing without those at the controls being aware that the implicit assumptions of their models no longer map reality...

"You ask for miracles Theo, I give you the U.A.E."

Claudio Neves Valente.

Given how ill prepared Europe is to fight its own battles without the assistance of America’s military machine, it is maddening to watch the deranged posturing of Europe’s bellicose ruling class...

US President Trump’s administration initiated a multi-agency review of NVIDIA (NVDA) H200 licenses for sales to China, according to sources cited by Reuters.

AI isn't collapsing, but the easy money phase is over and selectivity is quickly becoming the trade.

Teachers will be given training to spot and "tackle" misogyny in the classroom, while high-risk pupils could be sent on behavior courses...

 

... the final nail in the coffin of Angela Merkel’s so-called “Welcome Culture,” promoted during the 2015 migration crisis...