Persistent Delusion Among the American and NATO Defense Establishment

Netanyahu Declares Iran's Nuclear Program & Missile Production "Destroyed" - Denies Israel Influenced Trump Summary Netanyahu: Iran can no longer enrich Uranium; missile production destroyed; says Israel acted alone against Pars oil field; claims Trump was not influenced by Israel to go to war. F-35 stealth jet takes on Iranian fire, emergency landing: CNN Trump dials up threat, seeking leverage, denies approving Israeli Pars strikes; however, reports from The Wall Street Journal and Axios say the White House was aware. US sending more troops to region. Energy war hits breaking point:  Qatar's Ras Laffan damaged,...

Savings Rate Slides As Fed's Favorite Inflation Gauge Slowed In February (Ahead Of War) The Fed's favorite inflation indicator - Core PCE (a measure of price changes in consumer goods and services that excludes volatile food and energy costs) - rose 0.4% MoM in February (pre-war), in line with expectations, with YoY rising 3.0% (as expected - lowest since Dec), down from January's +3.1%... Source: Bloomberg The YoY Core decline is coming off January's highest level since March 2024, with Services cost inflation slowing notably... The headline PCE also rose 0.4% MoM (as...

Sen. Richard Blumenthal (D-CT) said on Tuesday that he was “fearful” that the Trump administration would put “boots on the ground” in Iran as the war the US and Israel launched on Saturday continues to escalate. “I just want to say that I am more fearful than ever after this briefing that we may be […]