CASHMAN: ELIZA BLEU AND THE PERPETUAL TRAUMA MACHINE—PART 1

International Energy Agency Pushes Rationing Authored by Jeffrey Tucker via The Epoch Times, The International Energy Agency in Paris has released a new and urgent document that it wishes all nations with energy struggles to adopt. Many are doing that now. The website even maintains a spreadsheet updated daily to celebrate the countries that are following its plan for controlling energy use. Before explaining why none of this will work, let’s look at what they are suggesting. Seeming out of nowhere, the head of the IEA, Dr. Fatih Birol, is being quoted in the...

Prices Jump, Employment Dumps As US ISM Services Disappoints In March The last six months or so has seen S&P Global's and ISM's Services PMI surveys diverge dramatically (former at three year lows, latter near four year highs). But, following S&P Global's Services PMI plunge into contraction in March, ISM's Services PMI actually 'agreed' and fell also (but only modestly) from 56.1 to 54.0 (still in expansion but worse than the expected 54.9)... Source: Bloomberg Under the hood it was a very mixed bag with a surge in New Orders (highest since Feb...

No THAC0 Tuesday By Michael Every of Rabobank No TACO And No THAC0 The Global Daily yesterday noted lots of reasons to worry about this Gulf War 3 - today there are far more. However, as made clear since the start of this crisis, there is no way to say, “This is silly,” or to ‘go home’ and return to ‘normality’. Everyone in the war except the US *is* at home. Israel is targeting Iran’s leaders and PM Netanyahu says the country is only “over halfway” to its war goals, with no timeline...