Iran Says US Strikes on Tuesday Killed 18, Wounded 108

"Risk Of Attack Is Too High": US Navy Refuses To Provide Escorts To Ships Transiting Hormuz Strait One week after Trump announced that the US would cover insurance for ships transiting the Strait of Hormuz, and would provide them with US navy escorts, Reuters reports that the US Navy has refused near-daily requests from the shipping industry for military escorts through the Strait of Hormuz since ​the start of the war on Iran, saying the risk of attacks is too high for now. The U.S. Navy has held regular ⁠briefings with...

Japan Breaks The 'Debt Causes Inflation' Narrative Authored by Michael Lebowitz via RealInvestmentAdvice.com, A dollar today buys nearly twice as many Japanese yen as it did fifteen years ago. Crude oil, in yen terms, is up roughly 70% year to date. Food prices are similarly elevated. Japan imports most of the energy and much of the food it consumes, paying for it in dollars that keep getting more expensive. Those facts alone should lead us to conclude Japan has an inflation problem. As if those factors weren't enough, add their debt overhang,...

Inflation Fears Plummet As UMich's Democratic Bias Is Exposed After rebounding strongly in preliminary February data (as Democrats came to their senses over the fearmongered Trump tariff-flation), the final UMich sentiment survey print slipped lower with the headline lowered from 57.3 to 56.6. Both Current Conditions and Expectations were lower than the flash print with the latter falling to 2 month lows and the former holding at 4-month highs... Does anyone else think its weird that all the numbers were exactly the same at 56.6 Source: Bloomberg Democrats and Republicans led the decrease...