America's Wile E. Coyote Moment

Top officials said that the Iranian military would have a “decisive” response to US strikes. The ceasefire between the US and Iran broke down last week, and fighting has rapidly escalated.  Iran’s top negotiator, Mohammed Bagher Ghalibaf, explained that the military now has “complete freedom of action.” He added that Tehran is planning “a decisive […]

Three Levers China Is Pulling To Weather Gulf Energy Shock; How Long Can Beijing Hold Out? The new troubling development is that maritime chokepoint chaos spread overnight from the Strait of Hormuz to the Bab el-Mandeb Strait, where Iran-backed Houthis targeted two Saudi Arabian tankers. The attacks expose yet another maritime chokepoint and risk further physical market tightening, forcing traders to price a larger war-risk premium into Brent crude futures and pushing the benchmark above $100 a barrel Thursday morning. Oil headed to Asia generally does not flow through both chokepoints....

Buying May Not Beat Renting Until Retirement In Some Expensive Markets: Zillow Authored by Mary Prenon via The Epoch Times, For a typical U.S. household, it can take decades to save for a home and reach the point where buying becomes cheaper than renting, with the timeline stretching into retirement in some expensive markets, according to an Aug. 20 Zillow report. A "for sale" sign is posted in front of a home for sale in San Marino, Calif., on Sept. 6, 2023. Frederic J. Brown/AFP via Getty Images Zillow calculated the number of...