The House Speaker’s Refashioned Red Scare

Vance Shrugs Off Backlash After Trump Says Americans' Finances Don't Factor Into Iran War "Even A Little Bit" Just before leaving to China on Tuesday, President Trump fielded question from the media and issued some shocking remarks which are sure to hurt, not help Republicans, during a week in which the Iran war hits the 75-day mark. President Trump conceded that the financial situation for Americans was not a factor in his decision-making when it came to Iran, at a moment Americans are alarmed at steadily rising gas prices, and the potential that the...

Last week’s CPI report, and this week’s PPI report both showed price inflation surging to multi-year highs, and not just on oil prices.

US Oil Exports Soar To New Record High As Inventories Tumble, SPR Drained Most Since October 2022 One week ago we lamented that the record oil inventory drawdown, which has seen over 250 million barrels drained from storage since the start of the war, has not led to higher oil prices (for those who missed it, Goldman forecast that global visible oil inventories are likely to reach record-low levels even in an optimistic scenario where Hormuz flows start to recover by the end of April). Moments ago the already precarious inventory picture...