"Semi-Irrational Chase" Sends Futures To Another Record High, Oil Drops On Iran Optimism

Rabo On Regime-Change At The Fed: What Warsh Can (And Should) Do First The honeymoon period for Warsh is over. The FOMC could have given him the professional courtesy of allowing him to settle in, but in recent weeks several Committee participants have staked out their position. They want to drop the FOMC’s easing bias and instead take a more neutral stance. This means it will be more difficult for Warsh to convince the Committee of cutting rates anytime soon. Against that internal pressure, WSJ's Fed whisperer, Nick Timaraos reports that Warsh has tapped two...

Almost All Non-Iran Tankers That Entered The Persian Gulf During The War, Have Successfully Exited With A Cargo Despite a near-halt in daily Hormuz traffic, Bloomberg reports that almost all large non-Iranian tankers that have entered the Persian Gulf during the war appear to have successfully exited with a cargo, underscoring the emergence of a small group of shipowners willing to risk crossing the Strait of Hormuz. At least 19 oil- and liquefied petroleum gas-carrying ships without Iranian links have both entered and exited Hormuz since March 1, according to vessel-tracking...

Goldman Sachs The Latest Firm To Ditch DEI Hiring Criteria Goldman Sachs is the latest firm to scrap the DEI scam from its board policies. In fact, the bank is preparing to strip race, gender identity, sexual orientation and other demographic factors from the guidelines used to evaluate potential directors, according to people familiar with the plans who spoke to the Wall Street Journal. Which begs the question to begin with: why were we ever picking directors based on race and gender identity? Isn't that...racist? The Journal wrote that Goldman's governance committee currently considers...