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The Fed Holds Rates High and Texas Gets No Vote
The Federal Reserve held its benchmark rate for a fifth straight meeting, keeping the 30-year mortgage near a 12-month high and Texas homes expensive. The same central bank that measured how Washington's immigration surge fed the housing run-up sets the rate that sustains it, and Texas votes on none of it.
Quebec’s Referendum Barely Moves the Bond Market
The bond market is said to be nervous about a Quebec independence referendum. The premium it is actually charging, six basis points over Ontario, says the opposite.
Texas v. White Decided Bonds, Not the Right to Leave
You have probably heard that a Supreme Court case settled Texas independence in 1869. Read it closely, and the legal wall turns out to be a bond dispute.
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TNM NEWS
PODCASTS
This Month @ The TNM: A Guided Tour of TEXIAN, the App Built to Organize the Movement
The August 2026 episode is a complete walkthrough of TEXIAN, the app where Texians find each other, join campaigns, and track their county's progress.
Commentary
There Is No Such Thing as Two First Places
More candidates are calling themselves America First and Texas First at once. There is only one first place, and a politician who claims two has already told you which one he will fold to when they collide.