Notes in the Margin

"An abandoned warehouse complex overlooking the Moroccan border in this tiny Spanish territory has become a squalid village, with hundreds of migrants..."

"There is one positive development: The American people, especially the younger generation, are beginning to recognize the corruption at the top of our country..."

The bottom is falling out of the Denver condo market, with sales falling to 2008 levels. Condo trends predicted single-fam trends in 2008, and may indicate the current trend also. 

"The state has proven incapable of leading us wisely, and our growing recognition of that cold fact is amazingly liberating."

Japan is largest holder, followed by the UK. China's stash dropped 4% in June. 

Thiel's contacts with Milei's inner circle have broadened since his arrival in Argentina in April, with sit-downs with key administration staff.

"Trying to defer America’s fiscal reckoning by monkeying with debt instruments is the trick used by broken hegemons through the ages. It is a Faustian pact."

Trump wants a huge 50% increase to the war budget for his endless wars in Ukraine and Iran. 

A man told the police he feared being "swatted" by scammers. The cops ignored this and attacked the innocent man instead. 

More 5-D chess from Trump: U.S. crude oil supplies have fallen to their lowest level in 45 years as President Donald Trump continues to wage war against Iran.