Humanoid Robots Enter The Workforce. How Long Before Workers Revolt?

Iran Shifts From Defensive To 'Fully Offensive' Posture, Denies Trump Has Backchannel With IRGC Summary Iran goes "fully offensive": Tehran threatens escalation if diplomacy fails, after last week's military command reshuffle. MoU expires: Iran says the US-Iran agreement is effectively dead & "irrelevant".  Trump threatens Oman: Trump warns "we'll bomb the s**t out of them." Backchannel denied: Tehran rejects Trump's claim of IRGC communications. Strait of Hormuz traffic returns to normal by September 30? Yes 12% · No 89%View full market & trade on Polymarket *  *  * Iran: Shifting from Defensive to 'Fully Offensive' This should come...

Global Demand Destruction: Subsidies, Empty Gas Stations, Rationing, Flight Cancelations, Export Limits, Price Controls In the past two weeks we have discussed demand destruction as a result of soaring oil prices (here and here), and we are increasingly seeing anecdotal evidence of just that (here is a table from Goldman we showed previously, laying out where demand destruction is most acute). We start, as always, with Asia which has emerged as ground zero of the global energy crisis - as a reminder last week we first presented a map by JPMorgan's...