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

Notwithstanding some of the positive words that came out following the talks in Geneva on Tuesday between the United States and Iran, the die is cast… The United States is going to attack Iran in an attempt to create enough social disorder and chaos in Iran that the Shia Muslim clerics will be forced to […]

Updated on February 23, 2026, at 4:52 pm EST Chairman of the Joint Chiefs of Staff Gen. Dan Caine, the highest-ranking US military officer, has warned President Trump that there would be significant risks that come with attacking Iran, including the possibility of a protracted war, Axios reported on Monday. Two sources told Axios reporter […]

Weather & Weak Demand Drive US PMIs Down To 10-Month Lows In February, But... While 'hard' data has been fading modestly in recent weeks, 'soft' survey data has bounced back but today we get a first glimpse at February's PMIs from S&P Global to see if that survey-based confidence is continuing. It is not as both Manufacturing and Services PMIs dropped notably., Flash US Services PMI Business Activity Index: 52.3 (January: 52.7). 10-month low. Flash US Manufacturing PMI: 51.2 (January: 52.4). 7-month low.    Source: Bloomberg Overall that dragged the US Composite PMI down...