Turkish gold reserves showed a decline of 6 tons in the week of March 13 and another 52.4 tons in the week of March 20, marking a sharp drawdown in reserves.

This was another very ugly auction and while foreign demand wasn't catastrophic it certainly was on the light side, suggesting that in addition to liquidating other hard assets, foreign buyers are becoming cautious with putting more money to funding the US deficit.

The only certainty after these verdicts is that there will be more of them...

...if inflation risks give way to pronounced growth risks, we anticipate continued USD outperformance against cyclical G10...

 Former governor squirms under questioning as he dismisses Trump’s defiance and ignores the father killed behind him...

Bases in Kuwait suffered the most damage...

The comparative phlegmatism of stocks stands in contrast to the oil market...

Everything still looks contained… but the setup underneath is starting to crack.

Hard money advocates Peter Schiff and Mark Moss to spar over the future of money, hosted by Real Vision’s Ash Bennington.

The “strong-arming” succeeded...

Google's new TurboQuant algorithm speeds up AI memory 8x, cutting costs by 50% or more... and may have just burst the memory bubble. 

First-time fuel fee would match common practice at FedEx, UPS...

Thursday/Friday sessions have been painful for the S&P...

The relative calm in markets suggests some investor confidence that hostilities may eventually wind down, however slim that prospect remains. Still, even a “diplomatic” resolution at this stage would carry material costs for both the US and Israel...

...positioning shifts toward “how much do I really want to own into the weekend.”

“Nothing can fully compensate for the hell that my family and I have endured over these many years...”

“I would be very worried about this,” said retired Adm. James Stavridis. “Iranians are clever and ruthless..."

A break in market sentiment has the capacity to trigger a recession in a US economy becoming more fragile due to the energy shock... Rate cuts would then rapidly be priced back into the front end.