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"Repeated And Persistent Supply-Side Shocks" Are Here To Stay
"Repeated And Persistent Supply-Side Shocks" Are Here To Stay
By Michael Every of Rabobank
Chicago Fed President Goolsbee just warned the FOMC can’t ignore repeated and persistent supply-side shocks and must respond in a way that will cause economic hardship. However, repeated and persistent supply-side shocks are now the norm, not short-lived, aberrant events.
Putin won the Russian election with a supermajority: fears are escalation is imminent via sabotage in Europe, mobilization, or provocations to NATO. The FT notes a Kremlin-backed forgery scheme moved $6.9bn through global banks, as diplomats blamed France...
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Jun 10, 2026 / Tyler Durden
Former MI6 Spy Alastair Crooke: Iran Takes Its Chances With War
Former MI6 Spy Alastair Crooke: Iran Takes Its Chances With War
Authored by Alastair Crooke
The US war with Iran has moved beyond its initial phase to an emerging new one — one in which Iran implicitly stakes its chances on the next phase being war. Most likely this will be in abbreviated episodes of limited war, but possessing nevertheless a potential to widen regionally, should the US (and Israel) elect to sharply escalate.
The new phase involves risk of course, yet Iran holds the high cards of an ability to impose disproportionately heavier...
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Oct 6, 2026 / Tyler Durden
Germany's Former Spy Chief Arrested In Biggest Espionage Scandal Of The Century
Germany's Former Spy Chief Arrested In Biggest Espionage Scandal Of The Century
August Hanning, former head of the German BND foreign intelligence agency, which is Germany's equivalent of the CIA, has been arrested on espionage charges in a shocking and unprecedented situation in which a country's top intelligence officer and head of a national spy agency was caught spying for another state.
The 80-year-old faces formal charges including "treasonous espionage, spying out state secrets, attempted treason, and espionage" - according to German media. While an official statement from the prosecutor's office has not...
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Jun 30, 2026 / Tyler Durden
Today Will Or Won't See A US-Iran Meeting In Doha Which Will Be "Perhaps Important, Perhaps Not"
Today Will Or Won't See A US-Iran Meeting In Doha Which Will Be "Perhaps Important, Perhaps Not"
By Michael Every of Rabobank
Build 'em up or Burnham down?
In typical form, today will or won’t see a US-Iran meeting in Doha; which will be ‘perhaps important, perhaps not’; and either discussing the MoU or unfreezing $6bn of Iranian assets. So, the ‘peacefire’ continues, as expected, but with little chance this holds permanently. Likewise in Lebanon, where the US is pushing to disarm Hezbollah --which refuses-- and Israel won’t leave until that happens....
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