The Fuse is Lit
We’ve seen what a sharp, sudden spike in interest rates (the availability of credit) does; businesses tighten up, employees are let go, spending goes down and GDP rates go from positive to negative.
War at the Improv
War at the Improv
We will soon get to see what effect a sudden uptick in oil prices will actually have. Will it send modern economies into recession? And when investors see it depressing corporate earnings?
Courting Disaster
Courting Disaster
The most remarkable thing about the bombing of Iran is the premise behind it. We’ll come back to that in a minute.
The Nuclear Option
The Nuclear Option
The US war strategy is still cloaked in confusion. But we think we know what Iran had up its sleeve. With only a tiny, largely dysfunctional military the country had almost no way to protect itself…
On to Moscow
On to Moscow
Let’s see, where are we? Who’s winning…who’s losing…so far?
Out of Whack
Out of Whack
The Supreme Leader may well imagine that he is Making America Great Again. And maybe he is, but he might also be a dupe of History…whose actual role is very different.
Bomb Thy Neighbor
Bomb Thy Neighbor
Which religion allows you to smite someone just because you think he might want to smite you? And ‘do unto others as you would have them do unto you’ doesn’t leave much room for bombing girls’ schools
Advice for malign crackpots
Advice for malign crackpots
At the end of the week came disheartening news.
Rules of Engagement
Rules of Engagement
The rules of engagement are the ones that tell you you’re not supposed to murder prisoners, attack civilians, or initiate force, among other things. They are not foolproof…as Hegseth demonstrates.
The dots that matter
The dots that matter
In a sky crowded with explosions and mass murder, some barely twinkle. Still, they fit more or less neatly into our (hypothetical) big picture.
