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

Global Demand Destruction: Subsidies, Empty Gas Stations, Rationing, Flight Cancelations, Export Limits, Price Controls In the past two weeks we have discussed demand destruction as a result of soaring oil prices (here and here), and we are increasingly seeing anecdotal evidence of just that (here is a table from Goldman we showed previously, laying out where demand destruction is most acute). We start, as always, with Asia which has emerged as ground zero of the global energy crisis - as a reminder last week we first presented a map by JPMorgan's...

Amid stalled peace talks and a US blockade on Iranian ports, the Trump administration has added a new member to its negotiating team who comes from the Foundation for the Defense of Democracies, a notoriously hawkish think tank that has been lobbying for aggressive action against the Islamic Republic for many years. Nick Stewart, the […]

Gunman Kills Canadian Tourist At Popular Mexican Pyramid Site Local Mexican outlet Milenio reports an "armed attack" at the Teotihuacan archaeological site, located in central Mexico about 25 miles (40 kilometers) northeast of Mexico City, in the State of Mexico. Details are scant, but preliminary reports say the attacker climbed the Pyramid of the Moon and fired at tourists. "Confirmed that the fatality from the armed attack at the Teotihuacan Archaeological Zone is of Canadian nationality," Milenio wrote on X around 1513 local time. 🔴 #ÚLTIMAHORA | Confirman que víctima mortal por ataque...