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.
No Index
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
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 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
Let’s see, where are we? Who’s winning…who’s losing…so far?
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.
