Gold Isn't Returning... Confidence Is Leaving

Gulf Energy Shock Spreads To Global Plastics As War Sparks Force Majeure Wave Building on our earlier "Global Demand Destruction" note, which mapped how the Gulf energy shock is spreading globally and the immediate effects of rationing, price controls, and fuel shortages, another second-order disruption is quickly emerging: supply chain disruptions in critical plastic feedstocks. Plastics are core to the modern economy, and a troubling new Bloomberg report indicates that several producers of monoethylene glycol (MEG) and purified terephthalic acid (PTA) have declared force majeure, as tanker flows through the Strait...

Here's Where Electricity Prices Jumped The Most In America Electricity prices are becoming one of the fastest-rising household expenses in parts of America. Using data from the U.S. Energy Information Administration (EIA), this map, via Visual Capitalist's Dorothy Neufeld, shows how residential electricity prices changed across all 50 states over the past year. The differences are striking. Washington D.C. saw electricity prices surge 23% year over year, over two times the national average increase of 10%, while several states in the West saw little change or outright declines. Much of the pressure is being driven by rising...

US Southern Command said on Sunday night that its forces bombed another alleged drug-running boat in the Eastern Pacific Ocean as the Trump administration continues to carry out extra-judicial executions at sea. SOUTHCOM said the strike killed at least two people and left six survivors, though many survivors of the initial boat strike have drowned […]