News Roundup

On September 12, European Central Bank President Christine Lagarde told the regional French newspaper Ouest-France that AI-related financing needs are competing with governments for capital, part of why long-term borrowing costs keep rising. No other source reviewed for this article repeats that explanation: the three that mention Lagarde and AI together are all ECB primary sources themselves. This blog has covered the rise in long-term rates three times this year without hea

On September 9 the Treasury runs the first operation under a bond buyback program it doubled in size this August, one that two senior officials say could draw on a $950 billion cash reserve, though they would not say how much, if any. The same week, two independent pieces of research price the thing that is actually running short. It is not demand for Treasurys. It is the capacity to keep them safe. The Twist, and what it buys Two senior Treasury officials, speaking to CNBC,

Two public registries turned out this year to run on the applicant's word alone, with no check before the entry goes live. In one, the correction arrived as 38 lawsuits and a quiet removal of listings from a government website. In the other, it took a federal appeals court twenty months to say an entry should never have gone live at all. In both cases, someone was already exposed before anyone official looked. The blank check both registries hand out An exempt reporting advis