Trump Issues Expletive-Laden Threat to Iran Over Attack on US Base in Jordan

Deja Vu All Over Again: Futures Surge, Oil Tumbles On Iran Deal Optimism, Tech Rally US equity futures are up big this morning and making fresh all time highs, led by tech companies, while oil prices and bond yields fell sharply on optimism that the US and Iran are nearing a peace deal. As of 8:00am Nasdaq 100 futures jumped 1.7% while those for the S&P 500 gained 1%, with both gauges set to build on record highs. Iran is evaluating a new proposal from the US to end their near 10-week war, according to an Axios...

Iranian Foreign Minister Abbas Araghchi on Sunday said that Ukraine’s attack on an Iranian commercial ship in the Caspian Sea “cannot go unanswered,” comments that came after Ukrainian President Volodymyr Zelensky took credit for the strike, which killed an Iranian crew member. Zelensky claimed that the ship that was struck was carrying military cargo. “We […]

Silt, Anchovies, And Economic Disaster Authored by Matt Badiali via DailyReckoning.com, Silt and anchovy scales. Sometimes the greatest scientific discoveries start with the simplest things. Today, meteorologists are worried about a severe global event. It’s part of an atmospheric pattern that wasn’t recognized until the late 1960’s. But it has had major economic impact over the decades. And it will have an impact this year if it’s as bad as predicted. But the story starts with marine mud and frustrated fishermen. Geologists saw something odd in sediment cores taken off the West coast of South...