Persistent Delusion Among the American and NATO Defense Establishment

Surging Services Costs Spark Unexpected Surge In US Producer Prices In January US Producer Prices came in hotter than expected in January, with the headline PPI rising 0.5% MoM (vs +0.3% exp), higher than the revised +0.4% MoM in December. This left Producer Prices up 2.9% YoY (hotter than expected but below December's +3.0%)... Source: Bloomberg Under the hood, we see a surge in Services costs (not tariff related) dominated the rise in PPI (while Energy saw deflation) Final demand services: The index for final demand services advanced 0.8% in January, the largest...

Major UAE Fujairah Port In Flames As Iran Vows Escalation For Kharg Island Attack Upon the overnight major US attack on Iran's key oil hub of Kharg island, here's what Iran's military is threatening to do by way of response and escalation - which was also entirely predictable: "If Iran’s oil, economic, or energy infrastructure is attacked, we will immediately destroy energy and economic infrastructure across the region belonging to companies with American shareholders or ties to the U.S." --IRGC spox 🚨🇮🇷🇺🇸 Iranian IRGC spokesperson: "If Iran’s oil, economic, or energy infrastructure is...

A planned meeting between President Donald Trump and his Chinese counterpart Xi Jinping will be delayed by “five or six weeks,” the US leader said. His trip to China’s capital was set to occur later this month, but was called off amid ongoing hostilities with Iran. Speaking to reporters on Tuesday, Trump said the much-anticipated summit with […]