Inflation, Communication, and Noise

Whose-muz? By Michael Every of Rabobank Whose-muz? Oil leaped 9%, the largest move since 2020. Today, it’s up another 2.5% to $85 at time of writing. It’s a good job we also have the Cleveland Fed’s trimmed-mean inflation measure out as well, right? Obviously, oil was driven by developments in Hormuz - or rather Whose-muz? There, besides reimposing the naval blockade of Iran, President Trump stated those using the waterway will now pay 20% of the value of cargo as compensation to the US, the strait’s new guardian. While the proposed Iranian toll the...

Soaring Imports Push India's Crude Stocks To Near 1-Year High India’s strategic and commercial crude oil inventories have jumped to a nearly one-year high as the world’s third-largest crude oil buyer boosted its imports to a record high in June, OilPrice reported. As at the end of June, India’s crude oil stocks held in strategic, commercial, and refinery storage had increased to 104 million barrels, up from 90.5 million barrels at the end of April, according to data from commodity intelligence provider Kpler cited by Indian outlet Economic Times. Before the Iran...

Lefty Tech Rag Panics As Manhattan Institute Pivots From Killing DEI To Crushing NGO-Funded Riots Left-leaning Condé Nast, through Wired, appears to be running narrative cover for the protest-industrial complex, gaslighting readers over efforts to impose real penalties on chaos and disorder stemming from protests and riots. Wired reporter Ali Winston's target is the Manhattan Institute. She appears to be upset that the Manhattan Institute is pushing for new state laws that make vandalism, blocking roadways, and trespassing during riots and protests felony offenses. ❗️ TOTAL anarchy in Los Angeles Rioters are...