Airline Stocks Soar On Iran Ceasefire As IATA Sees "Positive" Tailwinds, But Warns Jet Fuel Crisis Will Persist

From Cash To Trash, Rinse And Repeat Authored by Frank Giustra, The Continental dollar, born in 1775, was meant to finance the colonies’ fight against Britain—the American Revolution. What it actually financed was a masterclass in how quickly a currency can evaporate when it has no anchor, no credible backing, and no one willing to stop the printing presses. Hundreds of millions of Continental notes were issued with nothing but the promise of future redemption in gold or silver—which the colonies did not possess in sufficient quantity.  As wartime expenses mounted and the conflict dragged on, the colonies’ solution was a time-honored tactic. Just dig yourself a deeper financial hole by printing more currency. When...

Iranian Foreign Ministry spokesman Esmail Baghaei said on Monday that the US has an “addiction” to sanctions and vowed that Iran wouldn’t be “strangled” by the economic pressure. “The US Secretary of the Treasury has boasted of ‘suffocating’ Iran through economic sanctions,” Baghaei wrote on X, appearing to reference comments made by US Treasury Secretary […]

Washington is considering a smaller military footprint in the Middle East after the Iran war.  The Washington Post reports speaking with eight officials who said that the extensive damage to US bases in the Middle East caused by Iran has given the White House a once-in-a-generation opportunity to pull back US forces from the Middle […]