Export Ban Would Cripple US Production, Swell Inventories
Oil expert Stephen Schork on the potential US oil export ban: "An export ban would be catastrophic for US oil production bc. all it would do is pent up more supply here in the US of oil we don't necessarily use... so were not going to burn it, so inventories would just build." https://t.co/xeF34AdoAz
Melenchon Defends Iran's Right to Self‑defense
French LFI Party Leader @JLMelenchon on Iran's RESPONSE to US-Israeli attacks: “Iran is exercising its legitimate right to defend its sovereignty, its people, and its resources, after being subjected to blatant aggression.” https://t.co/22z0UUDxgo
Brent Prices Signal Ongoing Iran Conflict, WTI Lags
Oil expert Stephen Schork on Brent & WTI prices & the war in Iran: "[The WTI contract] is the hope market. The Brent market is the real market that is pricing the real events going on, and that blowup [Brent...
Middle East War Triggers Unprecedented Global Oil Supply Disruption
The International Energy Agency in Paris reports “the war in the Middle East is creating the largest supply disruption in the history of the global oil market.” TRUMP & NETANYAHU'S WAR PLANNERS -- NOT THE SHARPEST KNIVES IN THE DRAWER --...
Turkey Blames Israel as Primary Cause of Middle East Wars
#TurkeyWatch 🇹🇷: Foreign Minister Hakan Fidan said Israel is the “primary cause” of wars in the Middle East. He said that Israel is pushing the region into an “unprecedented crisis”. https://t.co/MO46l8Agto
Washington Rejects Debt Brake, Fuels Fiscal Insanity
As Dave Walker, former Comptroller General of the US, and I wrote in @FortuneMagazine, Washington rejected a Swiss-style “debt brake” earlier this week. NO DEBT BRAKE = FISCAL INSANITY. https://t.co/Tw28jA4nUE
US‑Israeli Strikes on Iran Risk Spiraling Out of Control
Former British Diplomat Alastair Crooke on US-Israeli attacks on Iran: "The wheels are coming off this whole thing. It's spiraling really out of control. And it increased enormously with the [recent] attack on the Iranian South Pars gas field... That was...
Erdoğan Warns Against Reviving Century‑old Bloodshed
#TurkeyWatch 🇹🇷: President Erdoğan warned that “if we allow the dirty and bloody scenarios written a century ago to be staged again today, neither we nor those acting as willing or unwilling actors in this play can bear the burden.”...
Turkey Warns Israel Expanding Occupation to Lebanon
#TurkeyWatch🇹🇷: Foreign Minister Hakan Fidan said that Israel has begun to extend its “occupation and destruction policy” from Gaza to Lebanon. He urged the international community to act against Israel's “expansionism” & called for a “just and dignified peace” with Palestinians....
Oil Backwardation Signals Spot Prices Outpacing Futures
My latest w/ @janetonthemoney on @SIRIUSXM 132 on oil: “Oil is in a backwardation, with the spot price being quite a bit higher than the forward prices... The futures oil markets are not thinking the way I am. The futures markets...
China's Central Bank Boosts Gold Reserves in February
The People’s Bank of China added another ton of gold to its war chest in February. BUY GOLD, WEAR DIAMONDS. https://t.co/NQFzVWhA4P
Iran Employs Ali’s Rope‑a‑Dope Tactic Against U.S
I spoke with @janetonthemoney on @SIRIUSXM 132 about Iran: “The Iranians are using Muhammad Ali’s Rope-a-Dope strategy. In 1974, Ali absorbed the hits until Foreman was exhausted, then he delivered the knockout. This is what Iran is doing by depleting US-Israeli...
Iran’s Hormuz Leverage Pushes US to Ease Oil Sanctions
As an indication of how Iran is effectively playing its cards, its control of the Strait of Hormuz has forced Treasury Sec. Bessent to consider lifting sanctions on Iranian oil already at sea. US SANCTIONS ON IRANIAN OIL BACKFIRE. https://t.co/K8vL4AFi49
US New Home Sales Plunge 17.6% Amid Rising Rates
US new home sales collapsed by a stunning 17.6% MoM in January, the most in 13 years. If that’s not bad enough, since the US-Israeli war in Iran began, mortgage rates have surged. TRUMP'S IN TROUBLE. https://t.co/He7ZCDPq2p
Mearsheimer: International Law and Diplomacy Are Dead, Trust Erodes
Distinguished UChicago Prof. John Mearsheimer on trusting US diplomacy: “International law has gone out the window, and diplomacy has gone out the window. You can’t trust the Israelis or the Americans as far as you can throw them.” https://t.co/bXOC31MInp
Washington and Jerusalem Misjudge Iran's Rope‑A‑Doe Tactics
My take in @BusinessInsider on the US-Israeli war against Iran: "The war planners in Washington, D.C. and Jerusalem apparently never understood that, when under attack, Iran would adopt Muhammad Ali's classic rope-a-dope strategy." https://t.co/Mw1R4PoFVd
Mearsheimer Warns Iran Is a Formidable Strategic Opponent
Distinguished Prof. John Mearsheimer on Iran’s strategy: “When you listen to Hegseth and Trump talk, they talk about the Iranians like they’re a bunch of country bumpkins and we’re the strategic geniuses...I think that's not the case…we are up against a formidable...
Argentina's 33% Inflation Fueled by Excess Money Supply
Argentina’s inflation comes in at a RED HOT 33.1%/yr. Argentina’s money supply (M3) 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 = PRES. MILEI'S ACHILLES...
Canada’s Inflation Dip Mirrors Slowing Money Supply Growth
Canada's inflation dropped from 2.3% in Jan. to 1.8%/yr in Feb. Canada’s money supply (M3) is growing at 4.0%/yr. That’s a bit below Hanke's Golden Growth Rate of ~6-8%/yr, a rate consistent with Canada's 1-3%/yr inflation target. THE INFLATION STORY = A...
Eurozone Inflation Below Target as Money Growth Lags
The Eurozone’s inflation comes in at 1.9%/yr. That's below its 2% target. The ECB’s money supply is only growing at 3.4%/yr. That's BELOW Hanke’s Golden Growth Rate of 6%/yr, a rate consistent w/ hitting ECB’s 2%/yr target. INFLATION STORY = MONEY SUPPLY...
Sachs: US‑Israeli War on Iran Benefits No One
Distinguished Columbia Univ. Prof. Jeff Sachs on the US-Israeli war on Iran: “This war is to nobody's advantage. It's a pure lose, lose, lose all around. Lose for Israel, lose for the United States, and lose for the rest of the...
Air Power Won’t Force Iranian Regime Change, Says Mearsheimer
Distinguished UChicago Prof. John Mearsheimer on regime change in Iran: “It's hard to get regime change or impossible to get regime change using air power alone…If you want regime change in Iran, you're going to have to invade that country. And...
First Week of US‑Israeli War Outspends Major Agency Budgets
The first week of the US-Israeli war in Iran cost more than the annual budgets of major government agencies. WAR = A TRUMP TAX. https://t.co/ioXw5U0cVU
Iran's Missile Threat Grows as US Defenses Wane
Distinguished UChicago Prof. John Mearsheimer on Iran’s strategy: “As time goes by, our ability to shoot down those missiles, shoot down drones decreases. It doesn't flatline, and it certainly doesn't increase… The Iranians have a serious set of military options against...
Trump Tariffs Spike Diesel, Fertilizer Costs, Threaten Farm Voters
Trump’s tariffs and the US-Israeli war on Iran are sending fertilizer and diesel costs through the roof. Diesel is up ~$1/gallon in a week. Urea fertilizer has jumped from $470/ton to up to $585. This jump in cost spells trouble for Trump and...
PPI Stays Elevated at 3.4% Amid Fed QE Shift
February’s US Producer Price Index (PPI) was just released. Over the past year, the PPI REMAINS ELEVATED at 3.4%/yr. 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/XFlfmOdN5q
Trump Missed Iran’s Escalation Ladder, Warns Former Defense Official
Dana Stroul, former US deputy assistant secretary of defense for the Middle East: “It does not appear that President Trump and his inner circle fully grasped the escalation ladder and range of Iranian retaliation actions" An understatement if I've ever heard one....
US Economy Slows; Trump’s Iran War Threatens Further Damage
The US economy is losing momentum. In January, consumer spending slowed sharply to a crawl of 1.56% annualized. TRUMP’S WAR ON IRAN PROMISES MORE ECONOMIC DAMAGE. https://t.co/sjumYo1FBt
Middle East Flight Cancellations Cost $34‑56 B in Tourism
MORE COLLATERAL DAMAGE FROM THE US-ISRAELI WAR AGAINST IRAN: More than 52,000 flights have been canceled across the Middle East. Roughly 6M passengers have been affected. According to the NYT, the resulting loss of tourist spending alone could range from $34B-$56B this year....
Drone Strike Ignites Abu Dhabi Gas Field Amid Iran Conflict
A drone strike has set the Shah natural gas field ABLAZE in Abu Dhabi. US-ISRAELI WAR ON IRAN = IRANIAN COUNTER-ATTACKS = LOTS OF COLLATERAL DAMAGE. https://t.co/VBVzVrAIDg
Tucker Carlson Blames Israel for Starting War, Controlling US Policy
.@TuckerCarlson on the Israeli lobby in a @piersmorgan interview: "[Israel is] the size of New Jersey. You don't make operational decisions, and you certainly don't tell the world's dominant superpower what we're doing next... [Israel] is in charge of this war....
Allies Resist Trump's Push to Reopen Strait of Hormuz
US allies in Europe and Asia are in no hurry to bow to Trump's demand in helping reopen the Strait of Hormuz. TRUMP = A MASTERCLASS IN MAKING ENEMIES, EVEN WITH FOREIGN ENEMIES. https://t.co/er5H0ym7dv
Trump’s Iran Gambit Ignites a Raging, Unintended Inferno
My view of Trump's grasp of reality: "Trump foolishly thought he was going to easily put out a little brush fire in Iran. Instead, he poked a stick into a hornet's nest. It's fueled a raging inferno that's generating massive collateral...
US Shows Strike Footage, Hides 1,348 Iranian Civilian Deaths
The US has released new footage of strikes carried out on Iran. What the US fails to advertise is that at least 1,348 Iranian civilians have been KILLED since the war started. https://t.co/N7iPfNs9zd
German Minister Denies Involvement, Underscores Trump’s Limited Sway
German Defense Minister Boris Pistorius on the US-ISRAELI WAR IN IRAN: "This isn’t our war and we didn’t start it." THIS IS PRECISELY WHY TRUMP HAS NOT BECOME A SUCCESSFUL PIED PIPER. https://t.co/qxwvC1PzIG
India Vulnerable to Soaring Oil Prices From US‑Israel Conflict
My take on the effect of the US-Israel war on India: "It will hit India particularly hard if the price of oil hits $120 / barrel or $200 / barrel because India is the third largest oil importer in the world."...
Iran Controls Key Chokepoint, US Planners Overlooked It
It is clear that Iran is in control of one of the world's greatest choke points. Apparently, the US military planners failed to see what is CLEAR AS A NOSE ON YOUR FACE. https://t.co/mGgjrf1ZGW
Iran Drone Strikes Halt Dubai's Busiest Airport
Iran has launched drone strikes on Dubai International Airport. The BUSIEST airport in the world, with 95.2 MILLION passengers, has now SUSPENDED ALL FLIGHTS. https://t.co/nkHDA8z9yJ
Carlson: No Logical Case Iran War Benefits U.S.
Tucker Carlson on the war in Iran: “At no juncture, have I ever met anybody who has laid out a reasonable, even slightly fantastical, but logical case for how this war will benefit the United States.” https://t.co/fApB1lb4c0
War Costs Americans at Pump and Grocery
Pres. Trump and PM Netanyahu's war is TAXING Americans at the pump and at the grocery store. US-ISRAELI WAR ON IRAN = COLLATERAL DAMAGE. https://t.co/l1tQlYx8aS
Hormuz Closure Threatens Oil, Gas, Fertilizer, Food Security
Former CIA analyst Larry Johnson on the GLOBAL IMPACT of the STRAIT OF HORMUZ: "You’ve now closed off 20% of the world’s oil supply, 25% of the world’s liquid natural gas, and 35% of the world’s urea... There's going to be...
Iran Conflict Triggers Massive Flight Cancellations and Higher Fares
The Iran war has forced the cancellation of TENS OF THOUSANDS of flights across the Middle East. Rerouted flights are burning more fuel and pushing ticket prices higher. TRUMP-NETANYAHU = A WAR TAX. https://t.co/xDKppRjcdi
Trump’s Naive Belief: Decapitation Yields Compliant Iran
Distinguished military historian Phillips O’Brien on the war in Iran: "[Trump] was boasting about American military power... He thought this would be relatively straightforward, [like] the Venezuela model... Kill the leadership, and get a leadership that is much more compliant." https://t.co/gV29tXCQYl
Israel's Occupation Devastates West Bank and Gaza Economies
Take a look at what Israel's Reign of Terror in the occupied West Bank & Gaza has done to their economies. And we don't even have 2025 data, yet. https://t.co/AruQRDwOZD
Historian Calls US Iran War Strategy Shoddy
Military historian Phillips O’Brien on the problems the US is facing in executing its war in Iran: "It reveals a lot of the shoddy nature of the strategic planning." https://t.co/qS1gZLapCT
Judge Blocks Trump's DOJ Subpoenas to Fed, Citing Harassment
A US federal judge has blocked subpoenas issued by Trump’s Department of Justice to the Federal Reserve. The judge cited “thin evidence” and the intent to “harass and pressure [Fed Chair] Powell.” TRUMP’S THREATS = BACKFIRE. https://t.co/sPyzhpBuf5
War on Iran Sparks Unprecedented Supply Chain Uncertainty
The US-Israeli war on Iran, is heavily disrupting fertilizer, aluminum, semiconductor inputs, and other key industrial supplies. Supply chain expert Nick Vyas: “We have created equal if not greater uncertainty than during the pandemic.” TRUMP’S WAR = AFFORDABILITY PROBLEMS. https://t.co/zziB6qAr5L
UK January Growth Stalls; Starmer Prioritizes Russia over Economy
The UK economy showed NO GROWTH in January. No surprise. RUSSOPHOBE Starmer is too busy picking fights with Russia than fixing Britain's TANKING economy. https://t.co/Wz4vL8LULC
Oil Shock Resilience Masks Sectoral Strain on Airlines, Farms, Autos
The WSJ reports: "The U.S. economy is less exposed to oil shocks today than in prior decades." But, today’s economy shows strain in airlines, farms, autos. Airlines face soaring fuel costs. Farmers face higher fertilizer prices. Rising gas prices threaten US autos. https://t.co/bOpYCs0pCD
Global Shipping Chaos Raises Costs for Everyone
More than 100 cargo ships are stuck in the Persian Gulf. Nearby ports are packed with redirected cargo. Costs are being driven up globally. NOBODY IS SPARED FROM THE TRUMP- NETANYAHU WAR TAX. https://t.co/EF8fmqKgiV