Despite strong 'hard' data, that is the weakest print for ISM Manufacturing since Oct 2024...
Lindsey Graham salivates...
Trump means what his administration wrote in its National Security Strategy: a greater focus on the Western Hemisphere; a “Donroe Doctrine.” Control over Venezuela reinforces that message, and would make it easier for the US to then lean on resource-rich countries in the region.
Several former members of the Biden administration, including a cabinet official, are going to work for New York City’s new mayor. Here’s what they have planned...
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“The economic impact of what happened in Venezuela is too small to weigh on equity markets”
"Chevron emerges as a clear beneficiary from any shift in Venezuela's political..."
...though the example of Iraq in the post-Saddam years might give one pause.
"The last time this happened (with the Iran strikes in June), crude sold off twelve dollars the next day and vol and call skew collapsed."
"It is unacceptable that left-wing extremists are once again openly attacking our electricity..."
"Some members seemed to spend more time managing their portfolios than they did at their day job on Capitol Hill..."
Peering through the dense fog of leftist crocodile tears following the arrest of Venezuela's dictator Nicolás Maduro, one can conclude: the U.S., with its intervention in Venezuela, has removed a key piece from the geopolitical chessboard.
"It is about enforcing long-standing nuisance laws..."
The share of foreigners born in Austria's Vienna has doubled over the last two decades...

Here is what Production for Security means for corporations, policy makers, and asset managers as we start 2026...
Germany was long seen as a bastion of fiscal stability in the Eurozone. But the erratic fiscal policy of the Merz government is now creating tensions in the bond market. Risk premiums on traditional periphery sovereigns like Italy, Portugal and Spain relative to German Bunds are shrinking.
From growth hormones in meat to controversial chemicals and artificial dyes, Europe's precautionary approach to food safety stands in strong contrast to America's more permissive stance...
Turks and Moroccans guest workers from the 70s grew "sixfold or sevenfold" and there is no reason Syrians will not also see the same growth...







































