What Caused the Collapse of Silicon Valley Bank?

Mamdani's Tax Fantasy Is Already Failing Somewhere Else Submitted by QTR's Fringe Finance Last week I wrote that Zohran Mamdani is a f***ing moron has proposed a new estate tax that is not really aimed at billionaires but at ordinary New Yorkers whose so called wealth is largely tied up in the homes they spent decades paying off. That argument may have sounded abstract to some readers, like a warning about unintended consequences that might or might not materialize. But we do not have to speculate about how these kinds of burdensome taxation policies play out....

Saudis Bypass Hormuz As Oil Exports From Yanbu Surge Toward 5 Million Target One week ago, when fears that the Strait of Hormuz blockade would mean a permanent collapse in oil supply (we have since seen that Iran is allowing "friendly" ships to cross the strait, especially if they grease the toll-keeper with $2 million per crossing) hit a fever pitch and pushed the price of Brent to $120, we said that "Saudi Arabia Has Already Revived More Than Half Its Oil Exports Via Hormuz Bypass."   With Iran blocking Saudi ships from...

US Navy Surveillance Plane Made Provocative Flight Over Taiwan Strait, Weeks Before Trump-Xi Summit With the world's attention hyper-focused on fast-paced events in Iran and the effectively shuttered vital oil transit hub, the Hormuz Strait, some significant things were also happening around Taiwan this past week. The US military confirmed that a P-8A Poseidon anti-submarine patrol aircraft transited the Taiwan Strait on Wednesday, a move that predictably drew Beijing's attention. US Navy China said it monitored the US Navy aircraft as it passed through the narrow waterway separating Taiwan from mainland China. "By operating within...