Amid Saber-Rattling, Iran Touts Economic Benefits To West If Nuclear Deal Reached

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...

American voters say that a war against Iran benefits Israel more than the US. A poll conducted by IMEU Policy Project and Demand Progress released on Thursday found that 56% of voters said the war “benefits Israel more.” Only 29% said the conflict “benefited the US more.” Less than a fifth of Democrats and a quarter of […]

Yesterday was a sad day for me. My dear friend and fellow principled American, Congressman Thomas Massie from Kentucky, lost the Republican primary for his seat. It is now on record as the most expensive primary congressional seat campaign in American history. Why was it this important, this pivotal? Because Massie, like Congressman Ron Paul […]