So true

JPMorgan: Oil Prices Could Hit $120 Per Barrel

This wasn't meant to be a totally serious statement, more just pointing out that the facts change. We will be briefed by a media that gets overly excited by war porn and propaganda. I have vivid memories of news reporters fawning over the accuracy ...

Three US fighter jets accidentally shot down by Kuwaiti air defenses, military says

It's one hell of a cost in $ to fight this with boots on the ground. It will be an abysmal cost to life too. The justification just isn't there, morally or legally. I have no idea as the the mood of the main gulf state actors but, "happy it is ...

Trump won’t rule out US troops in Iran if necessary

There is no appetite for boots on the ground from MAGA. I've mentioned before, the geography of Iran is very different to previous US led wars in the middle east. The place is vast and mountainous, so dropping bombs probably won't do the job, and ...

Trump won’t rule out US troops in Iran if necessary

True...but didn't Trump/Pete and the IDF say they had 'air superiority' over Iran? Now CentCom is saying the 3 were involved in active combat with planes/drones. Could they be exaggerating their success so far?

Three US fighter jets accidentally shot down by Kuwaiti air defenses, military says

If it's not quick, or if there are too many US casualties, Trump loses.

Donald Trump confirms US strikes on Iran

Trump needs a distraction. Trump is probably a psychopath. Trump wants to look like a big strong war president. Trump needs ppl to forget about Epstein. Bibby on the other hand...he needs to drag the US in to fight his war.

Donald Trump confirms US strikes on Iran

Trump boasted he had destroyed Irans nuke capability. All BS...they bombed a mountain and may have delayed the inevitable. Iran has no choice but to dash for nukes, or they are over. While Isreal have nukes Iran must have nukes. Mutually assured ...

Iran rejects ‘big lies’ after Trump lays out case for possible attack-SCMP

I assume he's referring to the renationalised oil companies, but that was back in 2007. Maybe the view is that this gives them some legitimacy.

Trump: I am ordering a total blockade of all oil tankers going into, and out of, Venezuela

You see this with all forms of money-innovation. Coin cutting (illegal) became minted (legal) money, with a bit less gold/silver in it. Politicians have to adapt and were starting to see democrats willing to get dirty.

Economist Mohamed El-Erian says Jerome Powell "hasn't looked forward enough" on interest...

I have never been to Washington, so I have no idea how bad the problem is. But comparing Trump's actions to possible actions by two of the least democratic societies on the planet is a very low bar. The only way this is valid is if you've given up ...

President Trump Holds a Press Conference

Yep - the political pressure will be immense. We'll see (already happening) the news cycle build, and the tail will wag the dog.

US: Is a September Rate Cut Now in Play?

This is an interesting read - url The AI juggernaut is already here and is the main growth driver. As the author states, "We are in a historically anomalous moment." He raises some interesting points, and if you start to delve into his research on ...

Trump: Reciprocal tariffs take effect at midnight tonight! Billions of dollars will start...

Sometimes he says something that makes sense...but it's a bit like a stopped clock.

Trump: Wow! Canada has just announced that it is backing statehood for Palestine. That will...

Wow - that is huge - metal traders are generally considered the most accurate for the long-term global economic outlook. China manufacturing down, and US tariffs might be starting to bite. edit: catching up on news, and it just looks like another ...

Trump: Wow! Canada has just announced that it is backing statehood for Palestine. That will...

Seems reasonable. Inflation might be creeping in (we won't know until it's too late). Sept rate cut looks a little less likely, but we've got Trump folk pushing for a cut to please the boss (and take the chair?). The tiller needs a steady hand to ...

Federal Reserve issues FOMC statement

Yep, there are signs in the recent news announcements that tariffs are starting to bite. Nothing conclusive, but it won't be until after the event.

Trump: 50-50 chance of making deal with EU

While the recent employment data is fairly stable, this looks more concerning. Input costs are going up, and starting to feed through to output pricing (40% service providers stating tariffs as a cause), and business confidence is dropping. If the ...

S&P Global US Flash PMI

Nothing particularly new - things are stable, possibly early signs of slowing. No reason to rush a rate cut.

US Unemployment Insurance Weekly Claims

From Bloomberg..."GM said it suffered a $1.1 billion profit hit from Trump’s trade war and revealed no plan for a near-term fix to return to pre-tariff profit levels. The automaker said it earned $2.53 per share on an adjusted basis, above the ...

Trump: We just completed deal with Japan, will invest $550 Billion, pay tariffs to the US of...