Is Trump Going for Armageddon?

Space Weapons Grabbed MSM Headlines, But USAF Secretary Hinted What Could Replace MQ-9 Reaper The Air & Space Forces Association's Air, Space & Cyber Conference opened earlier this week at the Gaylord National Resort & Convention Center in National Harbor, Maryland. Air Force Secretary Troy Meink's disclosure that the Space Force had launched "space control weapons" into orbit quickly dominated the news cycle. Beyond the USAF's new space warfare capabilities, Meink's remarks about the service's plan to build out an upgraded unmanned aircraft fleet over the next six years warrant...

Defiant Iran Reasserts Toll System, Paid Through Iranian Banks After US Vows Hormuz Blockade Stays "As Long As It Takes" Summary Iran seeks to boost rial through toll payment scheme; vessels pay Hormuz passage through Iranian banks. US Navy: vessels seeking entry into Hormuz Strait now fair game for boarding, search, and outright seizure - including for suspicion of 'contraband'. Hegseth: US forces are ready to restart combat if Iran doesn’t agree to a deal & strait blockade to continue for as long as it takes. Already 14 ships have been turned around. Iran's parliament speaker Mohammad...

The Building Blocks Of A Global Stagflationary Shock Are Falling Into Place By Peter de Groot, Head of Macro Strategy at Rabobank The Inflation Regime That Doesn't Fade As we noted at the outset of the Gulf conflict, history rarely repeats – but it often rhymes. The closure of the Strait of Hormuz is increasingly revealing a familiar pattern: the building blocks of a global stagflationary shock are falling into place. A closer look across inflation indicators in advanced economies shows a clear and consistent structure. The upstream impact has been immediate and...