"If they were to pull ahead of us on AI, then nothing else matters..."

Seeking to take whole Red Sea coastline & greater "eyes & ears" over global energy transit...

Bessent may have warned yen traders that “he is the house now […] and you can bet against me if you want,” but fixed income traders are still testing how deep the house’s pockets are, and if he is willing to spend it all...

...prices continue to rise.

"The S&P and mega cap complex have felt strangely heavy without a great fundamental reason. Worth keeping in the back of the mind that some leverage/carry may simply be diffusing out of the system."

Merz accuses the AfD's concept of remigration being "nothing other than a synonym for ethnic cleansing based on origin and skin color"...

From 'small potatoes' to next forever war...

The danger is not that AI fails to deliver... it is that America regulates away both the capacity required to remain at the frontier and one of its best opportunities to rebuild its industrial base...

"Price increases were modest, which aids affordability, but hardware GM could face more headwinds in the coming year." 

"Colombia wants to newly consolidate itself as the principal hemispheric partner for the United States on security." 

One ship. One Panama Canal transit. Roughly 50 million gallons of fresh water. Now a powerful Super El Niño threatens both canal capacity and major crop regions. The next agriculture shock may hit supply and trade routes at the same time.

What the fap?

"Today’s PPI report matters, but probably not enough on its own to change the Fed’s decision next week"

The outlook remains highly uncertain, with risks to the upside for inflation and to the downside for economic growth...

Will the Fed force the issue?

" ... the global oil market balance appears to be deteriorating again."

"This model is not structural, but it does tend to be the case that once a super-bull phase begins, it tends to persist ..."