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Bessent Treasury Buyback Programme Doubles Down on a Familiar Debt Swap Illusion
The Wolf Street analysis of the Bessent Treasury buyback programme cuts straight to the mechanism the bond market cheerleaders prefer not to discuss: this is not money creation, it is debt…
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Ford GM tariff battle exposes rent-seeking at its purest
The Ford GM tariff battle, playing out largely behind closed doors in Washington, is a case study in what happens when two companies use trade policy as a competitive weapon rather than a…
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Talarico Texas Senate odds cross 55% on Kalshi, but the electoral math is brutal
Talarico Texas Senate odds have crossed 55% on the prediction market Kalshi, the first time the Democratic candidate has cleared that threshold, and the number is being read in some quarters…
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CAA Approves £320m Cost Recovery Tied to Heathrow Expansion Plans, Raising Fears Over Passenger Charges
The aviation regulator has ruled that costs associated with Heathrow Airport’s third runway can be passed directly to passengers, approving a draft decision that allows the airport to…
