"Restaurants that exist today may not exist in five years. They’ll be off the map..."

The economics of oil are going through a quick and decisive readjustment...

US reportedly making preparations for potential ground troops in Iran; Iran said to stick to hardline position on Strait of Hormuz, unwilling to discuss Hormuz while under attack; Trump Administration is reportedly considering plans to occupy or blockade Iran's Kharg Island to pressure Iran to reopen the Strait of Hormuz; Saudi officials reportedly see the base case for oil to rise to USD 180/bbl if the disruptions persist until late April; Fed's Bowman sees three rate cuts for 2026; Fed's Waller cites uncertainty on the economy for opting to hold rates this week; Naftogaz says Russia attacked oil and gas facilities in Ukraine's Poltava and Sumy region.

Some great-power horse-trading...

...the moves are getting near those that might spark more emollient tones from the White House or from monetary authorities...?

That means companies like Substack are no longer simply hosting content - they are legally exposed to it...

 

"We didn't get to the moon by being cautious. When the U.S. sees a strategic race, it funds its way to the front. Robotics is the new race."

Higher real rates worldwide are challenging haven demand for the dollar...

Could it be.....?

“The scale is out of control... fraud in our government health programs is widespread, sophisticated, and deeply entrenched.”

...you are here!

The Philippines and Sri Lanka instituted four‑day workweeks... Pakistan closed schools... Officials in Thailand and Vietnam urged to work from home, and limit travel...

As ratings continue to plummet...

It remains at this moment no EU state is considering a military mission to forcibly break blockade...

US regulators’ capital requirement rewrite looks set to help big banks in the near term, because it frees up balance sheets for lending, buybacks and Treasury intermediation...

Of course...

JPMorgan has officially bridged the gap between "Digital Gold" and "Wholesale Credit"...

Ignore rates at your own risk. This is how it starts.

"...there are times to go for the gas, and there are times to go for the brake; my instinct is to simplify your risk taking and live a bit cleaner-than-normal..."

While markets understandably continue to trade based on the day’s headlines, the bigger picture is that the global order is shifting under our feet and ultimately determining the price action...