Venezuela Still Holds World's Highest Inflation at 547%
#VNZWatch🇻🇪: Today, I measure Venezuela's inflation AS THE WORLD'S HIGHEST at a CRUSHING 547.4%/yr. That's down from a peak of 828.6%/yr on February 4th. YOU WON’T FIND THIS IMPORTANT STORY IN THE MAINSTREAM MEDIA. https://t.co/AcOxOkkl80
Strait of Hormuz Disruptions Could Trigger 10M B/D Oil Shortfall
Due to the logistical disruptions in the Strait of Hormuz, Wood Mackenzie estimates global markets could be short ~10M b/d. That’s roughly the scale of the demand collapse during the first year of the Covid pandemic. THE WORLD IS FACING A...
US Inflation Just Begun: The Genie Won’t Return
My view in @FortuneMagazine on how US inflation is JUST GETTING STARTED: “It’s at the point now where the inflation genie is clearly out of the bottle and won’t be put back in anytime soon.” https://t.co/40tVOVEUt1
Majority of Americans Deem Iran War Unjustified
According to a new Ipsos poll, over half of Americans say the decision to take military action in Iran has not been worth it. THE US PUBLIC IS TURNING ON THE WAR PRESIDENT. https://t.co/N4FrgolqXX
Argentina's Soaring Inflation Mirrors Runaway Money Supply Growth
Argentina’s inflation comes in at a RED HOT 32.6%/yr. NO SURPRISE. Argentina’s money supply is growing at 31.8%/yr. That's WELL ABOVE Hanke's Golden Growth Rate of 14.8%/yr, a rate consistent with hitting its de-facto 10%/yr inflation target. INFLATION = MILEI'S ACHILLES HEEL. https://t.co/JvIDAwzeSe
Mearsheimer: US Losing Iran War, Needs Immediate Exit
Prof. John Mearsheimer on America's desperate search for an exit from its war on Iran. "The [US] is not in the driver's seat. [Iran] is in the driver's seat. We had these negotiations because America wanted them...We recognize we're losing the...
UK Maintains 117 Overseas Bases, Echoing Empire Legacy
The UK has an ASTOUNDING 117 foreign military bases. They are little more than the residue of the British empire, and an invitation to make trouble. https://t.co/8sFKF1MJcM
China’s Renewable Growth Dwarfs World, Contradicting Trump’s Claim
At the World Economic Forum, Trump claimed China makes renewable equipment but doesn’t use it. Reality: Over the past few years, China’s growth in wind and solar usage has exceeded the rest of the world COMBINED. TRUMP'S RHETORIC RARELY MATCHES REALITY. https://t.co/SGRBqnFkj6
Turkey's Loose Money Policy Drives Lira to Record Low
#TurkeyWatch🇹🇷: The lira hit a record low of 44.7/USD — down 17% over the past year. Turkey's M3 is growing at 39.9%/yr, well above Hanke's Golden Growth Rate of 23.4%/yr, a rate consistent with hitting Turkey’s inflation target. TURKEY’S MONETARY POLICY IS...
US Crude Inventories Drop, First Since Iran Conflict
Today, the EIA released data on crude oil inventories held by US firms. Since the first time since the US-Israeli war on Iran began, inventories have declined. STAY LONG OIL. https://t.co/sc7GCwRvTK
Viva Energy Refinery Fire Underscores Relentless Chain of Crises
Today, a MASSIVE fire broke out at Viva Energy’s oil refinery near Melbourne, Australia Just more confirmation of Hanke’s School Boy’s Theory of History: It’s just one damn thing after another. https://t.co/WsVZQfMT8v
Silver Poised for Squeeze and Price Surge
The Financial Times reports that SILVER is RIPE for another SQUEEZE and PRICE SURGE. I agree. STAY LONG or GET LONG. https://t.co/Y8DQhIXdge
Mearsheimer: Israel Prioritizes Iran Destruction Over Peace Deal
Distinguished UChicago Prof. John Mearsheimer on Israel's REAL priority: “The Israelis have no interest in a deal... they want us to destroy Iran or produce regime change.” https://t.co/233nZvjiPA
Trump Calls War on Iran a Future Investment
Trump says the US-Israeli war on Iran is a “true investment in your children’s and grandchildren’s future.” TRUMP = DELUSIONAL. https://t.co/JmERDAoIPE
Trump Threatens to Scrap US‑UK Deal over Iran Stance
Today, President Trump THREATENED to rip up the 2025 US-UK trade deal due to a lack of UK support for the US-Israeli war in Iran. TRUMP = CAN’T BE TRUSTED TO KEEP A DEAL. https://t.co/3FGduS3ssw
War and Triple Shock Push 32 Million Toward Poverty
According to the UN Development Programme, up to 32 MILLION people risk falling into poverty. A TRIPLE SHOCK of energy affordability, surging food prices, and war-linked economic slowdown is hitting the most VULNERABLE ECONOMIES. WAR = POOREST PAY THE HIGHEST PRICE. https://t.co/HQo02bwHXO
Iran and Israel's Economies Were Similar Before War
Contrary to the narratives spun in the media, prior to the US-Israeli war on Iran, the economic performances of Iran and Israel were not dramatically different. https://t.co/w0V3ueiaZm
Mearsheimer: Israel Refuses Ceasefire, Sabotages Negotiations
Distinguished UChicago Prof. John Mearsheimer on Israel as THE GREAT SPOILER: "When the Israelis were told [Lebanon] was part of the ceasefire, they refused to accept it... and they went to great lengths to undermine the ceasefire and future negotiations." https://t.co/FNzLzJf0so
Oil Price Surge Drives Japan's Industrial Slump
Yesterday, industrial production in Japan slid from 4.3% in February to -2.0% in March. HIGH OIL PRICES ARE HITTING JAPAN’S INDUSTRIAL HEARTLAND HARD. https://t.co/bTPfg5d5gV
Mearsheimer Claims Israel Controls U.S. Policy, Fuels Endless Conflict
Distinguished UChicago Prof. John Mearsheimer on the Israel Lobby: “The Israelis basically own us [the USA] —they’re driving our negotiating position... this conflict is going to go on and on because the Israelis want it to.” https://t.co/hd4zlmRYaX
IMF Warns War Will Trigger Pandemic‑level Global Slowdown
IMF Chief Kristalina Georgieva warns that the US-Israeli war in Iran will SLOW GLOBAL GROWTH to a pandemic-level pace. As I have been saying since DAY 1, a GLOBAL ENERGY SHOCK is in the cards. DAMAGED PARTIES SHOULD SEND A BILL TO TRUMP...
Euro Adoption Spikes Bulgaria's Inflation, as Predicted
Bulgarians are already feeling the consequences of Bulgaria’s FORCED ADOPTION of the euro. Inflation SURGED to 3.9%/yr in March from 3.3%/yr in February. As the Father of Bulgaria’s currency board, the inflation surge is exactly what I said would happen. https://t.co/CNFoYkR0n4
US Leaders Dismiss Israeli Iran War Plan as Farcical
I spoke w/ @janetonthemoney on the US-Israeli war plan for Iran, presented at the White House on Feb. 11: "John Radcliffe, the head of the CIA, called Netanyahu's Mossad plan to destroy Iran 'farcical'. Marco Rubio said it was ‘bullshit'."
US Holds 118 Bases—Germany Hosts Largest Foreign Footprint
The US has 118 military bases in Germany. That's the highest concentration of US bases in a foreign country. In Germany, Uncle Sam runs the show. https://t.co/PKRdggZuDm
Swiss Inflation Low; Money Supply Growth on Target
Switzerland’s inflation rate comes in at 0.3%/yr. NO SURPRISE. The Swiss money supply (M3) is growing at 5.0%/yr. That's within Hanke's Golden Growth Rate of 4.4%-6.4%/yr, a rate consistent with the Swiss target range of 0%-2%/yr. THE INFLATION STORY = A MONEY...
Rupee Hits Record Low Amid Capital Flight, War Fallout
#IndiaWatch 🇮🇳: The Indian rupee has declined by over 4% since the start of 2026, hitting a RECORD LOW. India is suffering from capital flight that has been exacerbated because of the US-Israeli war on Iran. https://t.co/U9Bqls3Z0G
China Dominates Global Green Tech Landscape
The Financial Times reports that China has a ROYAL FLUSH. Chinese now leads in EVs, solar panels, batteries, wind turbines, and more. CHINA HAS CARDS AND KNOWS HOW TO PLAY THEM. https://t.co/XCaFDiD4ka
Venezuela, North Korea, Iran Lead Global Inflation Surge
#HankeInflationDashboard: By my measurements, this week's top 5 inflators are: 🇻🇪Venezuela — 532.3%/yr 🇰🇵North Korea — 162.3%/yr 🇮🇷Iran— 81.6%/yr 🇸🇩Sudan— 46.1%/yr 🇨🇺Cuba — 44.3%/yr https://t.co/EzuvCA0XwM
Israel Deploys Armed Drones Against Wounded Lebanese Civilians
Israeli forces are reportedly using armed drones to strike wounded Lebanese. ISRAEL = A REIGN OF TERROR = INVITES WAR CRIMES COMPLAINTS. https://t.co/ywKnlXKaU9
Sachs: Israel Plans Beirut Bombing, Rejects Peace
Distinguished Columbia Prof. Jeff Sachs on Netanyahu's WARMONGERING: “The moment the ceasefire comes, they [Israel] carpet bomb Beirut. Israel does not want peace... This is straightforward, obvious, and admitted.” https://t.co/qo8N7iUnRG
Fed Nominee Warsh Stuck in Uncontrollable Inflation Cycle
The Economist reports that Fed Chair nominee Kevin Warsh is caught in an inflation vice. As I've been saying for some time, the Fed won't be able to put the inflation genie back in the bottle. https://t.co/KKXAW30dzz
Dollarizing Boosts Growth; Argentina Should Follow Suit
Ecuador and Montenegro both dumped their local currencies and “dollarized.” Stability and growth followed. Meanwhile, Argentina is plagued with the peso and lags behind. IT'S TIME FOR ARGENTINA TO DITCH THE PESO AND DOLLARIZE. https://t.co/KWvfRtgqwr
US PPI Hits 4%—Inflation Persists Despite Fed Easing
March’s US Producer Price Index (PPI) remains ELEVATED at 4.0%/yr—its highest reading since February 2023. As the Fed pivots away from quantitative tightening to quantitative easing, it's having trouble putting the INFLATION GENIE BACK IN THE BOTTLE. https://t.co/DCJ60m5pJO
Israel's Outsized Influence Lets 9 Million Steer 350 Million
.@TuckerCarlson on Israel’s role as the puppet-master of the US. “The problem is the mechanism of control that allows a country of 9 million to control a country of 350 million.” https://t.co/U9ixzXTjAy
Tariffs Spur Companies to Halve Declared Export Values
Companies dodge tariffs the old-fashioned way. They cut the declared value of goods being exported in half and pay half the new tariff rate. IMPOSE A TARIFF = INVITE WORKAROUNDS. https://t.co/rl20Lgpb2O
Iran's Inflation ~64%, Rial up 8% Despite Claims
Startup Fortune (not Fortune magazine) claims Iran's inflation is 180% and the rial is in freefall. WRONG. I measure Iran's yearly inflation at 64%/yr. Since the war began, the rial has gained 8% vs the USD. I AM THE ONLY ACCURATE...
Sudan's Pound Ranks 6th Worst, Down 26% Amid War
On this week's Hanke's #CurrencyWatchlist, the Sudanese pound ranks as the WORLD'S 6TH WORST CURRENCY. The pound has depreciated by 26% against the USD over the past year. Given Sudan’s brutal civil war, it’s surprising that the pound hasn’t depreciated by more....
Pakistan's Foreign Aid Dependence Stalls Economic Growth
#PakWatch🇵🇰: Pakistan lives on foreign handouts. That’s one of many reasons why its growth lags WAY BEHIND India and China. FREE IMRAN KHAN. https://t.co/sz9RmfWeXZ
Delivery Giants Hike Fees as Energy Costs Surge
US delivery companies are passing higher energy costs onto their customers. FedEx and UPS fuel surcharges are up to ~27%, and Amazon added a 3.5% fee for third-party sellers. AMERICANS SHOULD SEND A BILL FOR DAMAGES TO TRUMP. https://t.co/oOjUlOb1ZA
Tariffs Trigger 40% Value Under‑Reporting by Chinese Shippers
When tariffs surged on Chinese imports, the declared shipment values dropped by roughly 40%. Since tariffs are charged as a % of declared value, Chinese logistics firms started falsifying customs forms. Markets always find a workaround. https://t.co/mzeWHQb59K
Media Misstates Rial, Actually Up 8% Since War
Since Trump's blockade of the Strait of Hormuz, frequent media reports indicate that the value of the rial has plunged. WRONG. Today, the rial fell just 0.3% vs the USD. Since the US-Israeli war on Iran, the rial has gained 8%...
North Korean Won Plummets 62%, World's 2nd Worst Currency
On this week's Hanke's #CurrencyWatchlist, the North Korean won ranks as the WORLD'S 2ND WORST CURRENCY. The won has depreciated by 62% against the USD over the past year. THE COLLAPSE OF THE WON = THE WORLD'S MOST UNDERREPORTED CURRENCY STORY. https://t.co/dxHRFaYUhS
Iran's Hormuz Chokehold Gives It Geopolitical Leverage
Geopolitics expert Alexander Mercouris on why Iran holds MOST OF THE CARDS: “[Iran] has this chokehold [Strait of Hormuz] over the global economy… and they intend to retain control of it indefinitely.” https://t.co/iRoLyxzVKl
Suez Canal Traffic Plummets as Houthi Attacks Intensify
The Suez Canal connects the Red Sea to the Mediterranean. It carries about 12%-15% of global trade. Since 2023, vessel traffic has COLLAPSED. CONTRARY TO WESTERN PROPOGANDA, THE HOUTHIS CALL THE SHOTS IN THE RED SEA. https://t.co/3ti8ThWrDE
Physical Asian Oil Surge Forces Paper Prices Higher
My take @Fortune on oil prices: "Physical oil in Asian markets spiked past $150 a barrel; the paper market never climbed that high… The paper price will be forced to converge with the physical - and it has nowhere to go...
Global Energy Shock Still Unreflected in Prices
I agree with my friend and renowned oil expert Javier Blas. The GLOBAL ENERGY SHOCK has yet to be priced in. https://t.co/jGrLu4xyby
Tucker Carlson Blames Israeli Pressure for US Iran War
.@TuckerCarlson on the REAL cause for the US to engage in a war on Iran: “You would have to be either not very bright or under immense pressure from another country to start a war like this... We did this because...
Higher Defense Spending Increases Deficits and Debt, IMF Finds
According to the IMF’s research of 164 countries, higher defense spending worsened gov’t deficits by ~2.6% of GDP and raised public debt by 7 percentage points within 3 years. DEFENSE SPENDING = BAD ECONOMIC NEWS. https://t.co/XJxs1VYPUV
Venezuela's Bolivar Plummets 84%, Calls for Dollarization
On this week's Hanke's #CurrencyWatchlist, the Venezuelan bolivar ranks as the WORLD'S WORST currency. The bolivar has depreciated by 84% against the USD over the past year. VENEZUELA’S TOP PRIORITY = OFFICIAL DOLLARIZATION. https://t.co/gLHWv0eqUW
Iran's
@ResourceTalks I mention what most people miss: that I am the only reliable source of inflation measurements in Iran. "Since the war started, the Iranian rial has appreciated about 9-11% against the dollar, and inflation is down from over 80%/yr to...