Monthly Archive: May 2025

Asia and Europe Respond to Moody’s Belated Downgrade of the US

Overview: Moody’s took away the US AAA rating before the weekend. It was the last of the big three rating agencies to do so. We do not think there is fresh information content in its belated decision, but participants in Asia and Europe have reacted by selling the US dollar and US assets. The 30-year … Continue...

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Swiss Crypto Associations Unveil 12-Point Manifesto to Strengthen Switzerland’s Leadership in Blockchain

Three crypto industry organizations in Switzerland, namely the Swiss Blockchain Federation, the Crypto Valley Association, and the Bitcoin Association Switzerland, have joined forces to release a comprehensive manifesto aimed at reinforcing Switzerland’s position as a global blockchain hub.

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The “New Economists” and Military Keynesianism

Joseph Salerno reveals how JFK's economists used war spending and deficits to erode liberty under the guise of stability and growth.

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Origins of the National (Military) Science Foundation

Peter Klein uncovers the hidden costs, cronyism, and political agendas behind the National Science Foundation and federal research funding.

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The TLT Short Trade Is Crowded

Short positions in TLT, the popular 20-year US Treasury Bond ETF, have spiked to over 130 million shares, up from 107 million last month. TLT has 541 million shares outstanding. Consequently, the short interest has risen from 20% to 24% of the float. Furthermore, TLT's days to cover ratio (short position/average trading volume) is nearly …

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Moody’s Debt Downgrade – Does It Matter?

This morning, markets are reacting to Moody's rating downgrade of U.S. debt. For those promoting egregious amounts of "bear porn," this is nirvana for fear-mongering headlines that gain clicks and views. However, as investors, we need to step back and examine the history of previous debt downgrades and their outcomes for both the stock and …

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The Importance of Ralph Raico’s Foreign Policy Revisionism

Ryan McMaken discusses Ralph Raico’s critique of war propaganda and why revisionism is essential for reclaiming peace and liberty.

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Examining Pentagon Lies in Real Time: A Personal Perspective, a Public Prescription

From Vietnam to Iraq, Pentagon insider Karen Kwiatkowski reveals firsthand how government lies drive America's wars—and how courageous whistleblowers fight back with truth.

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The Fed Is Buying Treasurys, and Hoping You Won’t Notice

The U.S. Federal Reserve just pulled off something stealthy — over four days last week, without fanfare, the Fed vacuumed up $43.6 billion in U.S. Treasurys.

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Interest Rate Caps Won’t Solve America’s Debt Problem. Here’s What Will

Ultimately, interest rate caps would cost Americans access to a convenient and reliable source of credit. Instead of saving them money, a rate cap would push consumers into worse credit options.

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Activist takes on Swatch maverick as Omega empire falters

Nick Hayek in March 2025. Keystone / Peter Klaunzer Listen to the article Listening the article Toggle language selector...

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France Boosts Security for Crypto Entrepreneurs After Kidnappings

A group of prominent French cryptocurrency entrepreneurs and their families will receive heightened security measures following two confirmed kidnappings and an attempted abduction involving industry figures and their relatives.

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Why Are US Drug Prices So High?

Alex Tabarrok joins Bob to break down Trump’s drug price executive order, price controls, and the real economics behind Big Pharma and healthcare innovation.

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Weekly Market Pulse: No Free Lunches

Moody’s Ratings downgrades United States ratings to Aa1 from Aaa; changes outlook to stable New York, May 16, 2025 — Moody’s Ratings (Moody’s) has downgraded the Government of United States of America’s (US) long-term issuer and senior unsecured ratings to Aa1 from Aaa and changed the outlook to stable from negative.

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One Wrong Decision and Everything Turns to Dust

With all of the current angst about tariffs and other issues, it is easy to forget that there are missile silos around the world with weapons that can destroy the world as we have known it. All that is needed to set off a holocaust is one bad decision.

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Abolitionist Hypocrisies

The antebellum abolitionist movement ranged from peaceful abolitionist societies in the South to groups in New England advocating violence and bloodshed. Unfortunately, the nation‘s political leaders chose to end slavery through violent means.

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Revisionist History of War Conference

Ready to see history with new eyes? You won’t look at war the same way again.

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Week Ahead: Greenback’s Recovery Looks Poised to Continue

The dollar traded choppily last week but settled higher against all the G10 currencies. It finished the week on a firm note. The messy upside correction for the dollar may continue. Despite disappointing retail sales and manufacturing output, and softer than expected CPI and PPI, the market has pushed the next Fed cut into Q4 …

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Recession Probabilities Decline

Inside This Week's Bull Bear Report The "Can't Stop, Won't Stop" Rally Last week, we discussed how the rally had repaired much of the previous damage following "Liberation Day." However, we also made competing cases for the bulls and bears on the market's next move. "It is always difficult to say whether this is a 'bear market' rally while you are in the midst of it.

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The Myth of Fed Independence After the Treasury-Fed Accord of 1951

Is the Federal Reserve truly independent? Jonathan Newman uncovers the myths behind the 1951 Treasury-Fed Accord.

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