Hyped Mecca Joint Defense Pact Is MIA After Houthis Targeted Four Saudi Cities

The Building Blocks Of A Global Stagflationary Shock Are Falling Into Place By Peter de Groot, Head of Macro Strategy at Rabobank The Inflation Regime That Doesn't Fade As we noted at the outset of the Gulf conflict, history rarely repeats – but it often rhymes. The closure of the Strait of Hormuz is increasingly revealing a familiar pattern: the building blocks of a global stagflationary shock are falling into place. A closer look across inflation indicators in advanced economies shows a clear and consistent structure. The upstream impact has been immediate and...

Why Is Consumer Sentiment At Record Lows? Authored by Charles Hugh Smith via substack, Consumer sentiment is at record lows because there is zero visibility on any real-world trends that would be positive for the bottom 90%. Vague promises of super-abundance are not visibility. Why is consumer sentiment at record lows while the stock market is at record highs? The media / social media are ablaze with coverage and commentary on this K-shaped economy, for example: The Stock Market Has Never Been So Good When People Have Felt So Bad: Stocks are partying like it’s 1999....

Bob sits down with macro researcher Luke Gromen of Forest for the Trees to discuss the cascading supply chain consequences of a closed Strait of Hormuz.