US Intelligence Report Says Large-Scale War Unlikely To Achieve Regime Change in Iran

Sign(s) Here, Here, And Here By Michael Every, global strategist at Rabobank After pricing in nearly 40 pronouncements of US victory since early April, markets have naturally embraced a US-Iran ‘deal’ now e-signed --with a thumbs up emoji?-- so all that’s left is a ceremony to mark the event on Friday. That and the details of what was signed, which are still lacking from the US. In their absence, we get more polymetis spin from both sides. Iran is saying they got everything they wanted, and there are signs of that. Weeks...

Netanyahu Boasts 70% Of Iran's Steel Production Capacity Destroyed Israeli Prime Minister Benjamin Netanyahu stated in Friday remarks that Israeli airstrikes have wiped out roughly 70% of Iran's steel production capacity, dealing a major blow to its ability to manufacture weapons - from missiles and drones to ships. "Together with our American friends, we continue to crush the terror regime in Iran. We are eliminating commanders, bombing bridges, bombing infrastructures," Netanyahu began in a video statement. Illustrative image, via Steel Radar "In recent days, the Air Force has destroyed 70% of Iran's steel...

When Paris Went Hungry Under Government Food Controls Authored by Daniel J. Smith via The Daily Economy, How does Paris get fed? Frédéric Bastiat famously explained in Economic Sophisms (1845) how market exchange reliably provisioned the (then) million people of Paris with agricultural produce from the countryside that they were able to enjoy "peaceful slumbers...not disturbed for a single instant...." In stark contrast, Bastiat predicted that there would be "much suffering within the walls of Paris - poverty, despair, perhaps starvation..." if a presumptuous minister decided to replace the market with their...