The Confession in the Escalation: If Iran Is Beaten and Hormuz Is Ours, Why the ‘Unprecedented’ Sanctions?

Jim Rickards Slams Tech Bros Running The Marxist Playbook Authored by James Rickards via DailyReckoning.com, Can Marxism offer a framework for understanding artificial intelligence (AI) and the tech bros behind it? This is not to suggest that Marxism is a viable economic system or a practical alternative to capitalism. It’s not. But Karl Marx was a heterodox economist before he became an ideologue, and some of his ideas are powerful tools for understanding economics, even if his overall program was a failure. Let’s use some of those tools to understand the rise of...

The Atomic Crab By Benjamin Picton, senior market strategist at Rabobank The Atomic Crab The Dow Jones hit a fresh all-time high yesterday, surging 1.73% to close at 51,562. The S&P500 posted more modest gains while the NASDAQ closed slightly lower as investors rotated out of some growth-oriented tech names and back towards healthcare and financials with more of a value or cyclical flavor. Treasuries traded in a narrow range to close with yields little changed, while European sovereigns mostly saw modest declines in yields with the slightest hint of bull steepening evident...

Hurricane Shuts 63% Of US Gulf Oil Output, Threatens Refineries; Jefferies Warns Of "Fuel Supply Event" Summary: Hurricane Isaias Landfall Forecasted For Late Friday/early Saturday  Major US Refineries In Hurricane's Projected Path  63% Of US Offshore Gulf Oil Output Shut  25% Of US Offshore Gulf Oil Output Shut As Hurricane Isaias Nears, Threatens Refineries Hurricane Isaias Shutters 63% of US Gulf Oil Production Bloomberg cites data from the Marine Minerals Administration showing US Gulf offshore oil producers have halted about 1.28 million barrels per day, equivalent to shutting in 63% of regional output. Natural gas shut-ins...