Human Interest

Dear Readers, I will be away the rest of this week. Be back with you next week.

The post Be Back Soon appeared first on PaulCraigRoberts.org.

Unlike last month's ugly 3Y auction, today's just concluded sale of $24 billion in 3 year paper was stellar, stopping through the When Issued 1.934% by 0.2bps, a surge in buyside demand as the Bid to Cover jumped from 2.76 to 3.15, the highest since September 2015, while Indirect Bidders took down the most since August.

The details: the high yield was 1.932% vs six previous auction average 1.572%, it stopped through the WI of 1.394%.

The Bid-to- cover was 3.15, up from 2.76 in October, and well above the previous six auction average of 2.88.

From Slope of Hope: Checking the Bitcoin chart has, for me, become kind of like watching a huge auto wreck. Even though I have nothing to do with it, I just can't stop looking. In the past 24 hours, three milestones have fallen away - - $13,000, then $14,000, and $15,000.

Let's just say $BTC owners have had a not-too-awful year (unless they sold).

Ever since someone paid a staggering, and record, $450 million for Leonardo Da Vinci’s "Salvator Mundi" at a Christie’s auction in November, the entire world has wanted to know just one thing: the identity of the buyer. To that end, we got a big clue this afternoon when Bloomberg reported that the Louvre Abu Dhabi will be the recipient of the record-breaking Da Vinci painting.

Authored by Lauren Cooley via The Washington Examiner,

A new opinion piece in a Texas State University student newspaper tells white students, “Your DNA is an Abomination.”

“When I think of all the white people I have ever encountered - whether they’ve been professors, peers, lovers, friend, police officers, et cetera - there is perhaps only a dozen I would consider ‘decent,’” student author Rudy Martinez writes in the University Star.