Iran War Will Cost the US 10,000 Joes Per Month, Push Inflation Over 4%

B200s Or B-2s? By Bas van Geffen, senior macro strategist of Rabobank Concerns about the Middle East continued to dictate markets yesterday. The Strait of Hormuz remains closed, and there were no signs that this will change soon. Oil prices rose further. Dated Brent jumped 5% on the day to top $111. Alongside the rise in benchmark energy prices, yields increased too. 10y US Treasury yields closed around 5bp higher, and 10y German Bund yields rose 6bp to 3.1%, dragging broader EUR yields up. Equities struggled. European bourses closed around 1.5% lower,...

Bank Of America Settles Lawsuit Over Ties To Jeffrey Epstein's Sex Crimes Authored by José Niño via Headline USA, Bank of America has reached a settlement with an anonymous woman who accused the financial giant of enabling Jeffrey Epstein’s sex trafficking operation and profiting from his criminal enterprise. A Bank of America flies backward, emblematic of the financial institution's backward mindset in prioritizing woke political objectives over shareholder profits and financial health. / IMAGE: Wcnc Newsroom via YouTube Lawyers for both parties informed a judge they had agreed to a “settlement in principle” according to court filings made public on Monday...

Mind-Numbing Irony: US Asks Ukraine's Help To Shoot Down Iran's Shahed Drones In Gulf In the ultimate irony of ironies, Financial Times is reporting US officials are discussing the purchase of Ukrainian-made drone interceptors to counter Iranian drones, which some analysts say have proven harder to stop than expected. Patriot missile interceptors used by US allies cost more than $4 million each, while the Ukrainian systems are significantly cheaper and designed to defeat the same Shahed-type drones used by Russia. Image source: Come Back Alive Foundation Supplies are dwindling and costs are soaring, after approaching...