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The Plumbing For Vast Defense Spending Needs To Be Set Up
The Plumbing For Vast Defense Spending Needs To Be Set Up
By Michael Every of Rabobank
In response to Iranian strikes on ships using the Omani route in Hormuz, the US has struck Iranian air defense, missile, and drone sites in the Strait and suspended its oil sanctions waiver. These are clear breaches of the MoU, and we will now see if Iran escalates --it says it will take “decisive” action-- with the risk of war if the US is also prepared to go that route. We suspect the US will...
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Germany's Tax Revenue Collapse Signals Fiscal And Industrial Breakdown
Germany's Tax Revenue Collapse Signals Fiscal And Industrial Breakdown
Submitted by Thomas Kolbe
The German federal government and municipalities are the major fiscal losers of 2026. The partly dramatic collapse in tax revenues reveals two things: the transformation disaster is staggering toward its end, and citizens are being squeezed by the state like lemons until the very last moment.
No matter how you spin it, the tax party of Germany’s welfare-state engineers is over. In the first four months of the year, Germany’s total tax intake developed into a fiscal catastrophe. During...
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Feb 13, 2026
Warsh May Not Be the Hawk Wall Street Expects
Warsh wouldn't be offered the job if he were a departure from the usual model of Fed chairs. He'll inflate plenty, especially when recession hits.
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