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UBS Warns Drought Shock Unfolding Across Breadbasket Of America
UBS Warns Drought Shock Unfolding Across Breadbasket Of America
It's not just us sounding the alarm about severe drought conditions hitting America's breadbasket as spring plantings ramp up, or warning about the second- and third-order effects that could push food prices higher later this year.
UBS analysts, led by Jonathan Pingle, told clients on Thursday morning that drought conditions across the US agricultural belt rank among the worst in more than 130 years:
The National Oceanic and Atmospheric Administration's Palmer Drought Severity Index hit its highest level for March since records started...
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May 12, 2026 / Kyle Anzalone
Rep. Salazar: Cubans Are Waiting for Trump to Give the Order to Rise Up
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Apr 20, 2026 / Tyler Durden
From Leverage To Liability: The Hormuz Strait Is Now Iran's Biggest Weakness
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Authored by Daniel Lacalle,
For half a century, the Strait of Hormuz was Iran’s weapon. Today, it is its noose.
The mathematics of energy have flipped, and with them the balance of coercive power in the Persian Gulf.
Iran’s implicit deterrent was geographic, spanning from the tanker wars of the 1980s to the sanctions standoffs of the 2010s. Almost 20% of global seaborne oil, and a similar share of liquefied natural gas, passes through the Strait. The formula was simple:...
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Sep 20, 2026 / Tyler Durden
Bessent And He Lifeng Open High-Stakes Trade Talks Ahead Of Trump-Xi Summit
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Treasury Secretary Scott Bessent and U.S. Trade Representative Jamieson Greer are meeting Chinese Vice Premier He Lifeng at JPMorgan Chase's Manhattan headquarters on Sunday for a critical round of trade negotiations. The all-day session marks the final ministerial push before President Donald Trump hosts Chinese President Xi Jinping in Washington beginning September 24.
JPMorgan is not involved in the negotiations, though Bessent previously invited CEO Jamie Dimon to speak at a Treasury-hosted G20 finance leaders meeting in Asheville.
This negotiating...
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