How Norway Built the World’s Largest Fund and a Thriving Economy to Boot

Fighting flared in the Persian Gulf over the weekend after the US and Oman challenged Iran’s control over the Strait of Hormuz.  On Wednesday, Oman announced a new shipping route through the Strait of Hormuz that bypassed the Iranian shipping lane. Tehran viewed the move as a violation of the memorandum of understanding (MOU) that […]

Closer Look Reveals April Jobs Report Was A Disaster, And AI Is Now Here To Take Your Job On the surface today's jobs report was very strong: headline payrolls came in nearly double the expected (115K vs 65K), with unemployment flat just so Trump's chief economist Kevin Hassett could push bullish taking points in today's TV circuit such as this one. *HASSETT: 'RIP-ROARING' JOBS MARKET Unfortunately, below the surface this was the ugliest jobs report in years, and one could say even more cooked than last month's laughable surge in jobs (which...

Slouching Toward Peace With Washington In Good-Cop/Bad-Cop Mode Authored by James Howard Kunstler, ". . .They are running the Accords logic to its conclusion: every adversary becomes a counterparty, every conflict becomes a deal, every closed economy becomes an investable market." - Patrick Wood That squawking you hear is Iran getting dragged kicking and screaming out of its jihad delirium into something that might look like reality-based relations with the rest of the world. They have to loudly declare that it’s not happening, even as it’s happening, to gaslight their own home...