Unhappy Anniversary

We've Been Here Before By Bas van Geffen, senior macro strategist at Rabobank Phil Connors has woken up to another instance of the same day. The US, Iran and Oman are said to be close to a new deal to reopen the Strait of Hormuz. Axios reports that the US aims for an announcement today. So, Brent futures dropped to $79/barrel and equity markets rallied further, for the S&P 500 to set a fresh record high. The reported deal could just as well have been written a couple of weeks ago. Axios...

The Latest Wildfire Panic Is Refuted By Data Authored by Kit Knightly via Off-Guardian.org, Wildfires are in the news. With a hot, dry summer it was bound to happen. And, naturally, this is bringing with it talk of climate change. The Independent is screaming and rending its garments: Europe is on fire – will the continent’s climate change deniers finally wake up? The Guardian has an opinion piece calling for prosecutions for climate crimes. Twitter experts are calling for changes to the way we live our lives. Prince William is saying stuff: Wildfires ‘stark reminder’ of extreme climate challenge,...

The State Department announced it had approved a potential $2.1 billion sale of Patriot missiles to Ukraine. Patriots are the most advanced interceptors available to Ukraine; however, Kiev is dealing with a shortage of Patriots, leading to more Russian missiles hitting Ukrainian cities.  “The US Department of State has made a determination approving a possible […]