The Democrats' Financial Situation Appears To Be Worse Than Previously Known

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...

US officials speaking with Axios claimed classified intelligence shows that Cuba has 300 one-way drones to attack US warships and the Florida Keys. The leak of the classified intel comes as President Donald Trump has threatened to attack Cuba and demanded regime change in Havana.  A senior US official speaking with the outlet said that […]

Mick Jagger Has Some Sage Advice For Trump-Hater Springsteen Authored by Steve Watson via Modernity News, Mick Jagger is pushing back against the trend of rock stars turning stages into campaign rallies, offering a refreshing contrast to Bruce Springsteen's repeated anti-Trump outbursts. In a recent New York Times podcast interview, Jagger made his position crystal clear. While contrasting his approach with Springsteen's, he stated: "My job in the live music world is for those people that come to have the best time ... And you don't want to lecture them." Mick Jagger Says...