Key Events This Week: CPI, PCE, Durable, FOMC Minutes And More

We've Optimized Fragility, Failure, Denial, And... Rage Authored by Charles Hugh Smith via OfTwoMinds blog, What happens when optimization is itself the point of failure? In today's zeitgeist, everything must be optimized or we'll fail: our time, productivity, fitness, diet, supplements, career, income, wealth--everything must be constantly optimized lest we fall behind or fail. The grand irony is optimization generates fragility which generates failure which generates denial which eventually generates rage. We've optimized global supply chains for efficiency and cost, rendering them exquisitely vulnerable to disruption and collapse. We've optimized the global economy for "growth"...

A United States executive branch official evading answering questions at a congressional hearing is not a new thing. But, on February 11, Attorney General Pam Bondi took the evasion to a new level. There she was complaining that the House Judiciary Committee members asking her questions related to the topic of the hearing — oversight […]

UK Conservatives Blast Labour North Sea Ban As 'Utter Madness' Authored by Tsvetana Paraskova via OilPrice.com, The current UK government's policy of not allowing new drilling in the UK North Sea is “utter madness” as billions of barrels of untapped oil could benefit the UK industry and reduce Britain’s reliance on imports, Kemi Badenoch, the leader of the opposition Conservative Party, has said. The ruling Labour government of Sir Keir Starmer has recently moved to permanently ban new oil and gas licenses in the UK section of the North Sea, drawing criticism from the...