A tale of two worlds

Key Events This Week: Warsh Nomination Hearing, Retail Sales, Fed Blackout, Earnings As the war in Iran enters its 8th week, Deutsche Bank's Jim Reid says that recent developments can be framed in two ways: either five steps forward towards peace and three back (seems more apt than three and two), or as evidence that the two sides remain far enough apart that a lasting deal will be extremely hard to achieve and markets have become far too optimistic. Reid leans more towards the former, but the comparison with recent history...

President Donald Trump said that he is considering giving the order for US forces to attempt to take control of the Strait of Hormuz. In an interview with Weijia Jiang, the President said, while discussing the Strait of Hormuz, that he is “thinking about taking it over.” The Strait is the narrow point of the […]

Iran FM Expected In Islamabad, But Will Not Meet With US Side, As US Prepared To Attack Mine-Laying Boats Summary Avalanche of Friday morning headlines speculating on Iran FM travel to Pakistan, and potential US delegating arriving too - Iranians will just engage Pakistan mediators in this visit. Third US aircraft carrier, the George HW Bush, has finally arrived in Mideast regional waters after taking the long way around Africa. Hegseth in presser renews call, highlighting main issue, for Iran: "All they have to do is abandon a nuclear weapon in meaningful and verifiable ways...";...