When good news is bad, the wisemen are all fools once again

Cracked 1887 coin on cracked ground with stormy city skyline and lightning

Two weeks in a row an economic report, first on jobs, then on retail spending, smashed expectations, only to be simultaneously dismissed as a positive trend and used as an excuse to raise interest rates. Two weeks ago, the moribund United States job market received a much needed jolt, when the May report from the… Continue reading When good news is bad, the wisemen are all fools once again

Is Trump really desperate for a deal in Iran or is time much more on our side than widely reported?

Wooden king chess piece on a chessboard under a focused light.

Why would a man that’s supposed to be desperate beyond belief to end hostilities with any kind of deal, refuse one that was on the table, and make a reasonably big show of going back and forth about it? According to conventional wisdom, President Donald Trump is desperate to make a deal with Iran.  Like… Continue reading Is Trump really desperate for a deal in Iran or is time much more on our side than widely reported?

Iran: The experts have been wrong about almost everything

Operations room with cracked digital map of the Middle East showing countries and regions

It’s almost impossible to know where to begin with the sheer multitude of increasingly hysterical claims regarding both the day to day performance of our campaign and the broader economic and geopolitical repercussions, many of which were ridiculous from the start. As the conflict in Iran enters the third week of a shaky ceasefire with… Continue reading Iran: The experts have been wrong about almost everything

Iran: Is it all over but the crying?

Line graph showing stock index growth from January to June 2024 with 18.7% increase

While we remain at war, why do the markets seem optimistic about the future when they should be pessimistic in the face of these concerns, and is this an optimism that can last or simply a calm in the storm?  Though last weekend’s peace talks in Islamabad, Pakistan failed to produce a deal between the… Continue reading Iran: Is it all over but the crying?

If Tony Soprano’s “remember when” is the lowest form of conversation, “if then” is the lowest form of political prognostication

U.S. Capitol building at sunset reflected inside a glass snow globe on a wooden base.

While there’s nothing wrong with indulging in a little fantasy, political prognostication is supposed to be more than mental masturbation, and the same as a sane person wouldn’t consider retirement scenarios that included suddenly being as wealthy as Elon Musk, we shouldn’t consider fantastical outcomes as a basis for rational discussion.  Tony Soprano once claimed… Continue reading If Tony Soprano’s “remember when” is the lowest form of conversation, “if then” is the lowest form of political prognostication

Iran: Call it regime change, unconditional surrender, or whatever you like so long as whoever’s in charge at the end agrees to a few key things

While we do not yet know what sort of government will emerge in Iran, the President is adopting a policy much closer to the success of World War II’s unconditional surrender than the failure of the Iraq War’s regime change.  Last week, President Donald Trump demanded nothing less than unconditional surrender from Iran to end… Continue reading Iran: Call it regime change, unconditional surrender, or whatever you like so long as whoever’s in charge at the end agrees to a few key things

Since when do progressives give the slightest shit about high oil prices?

Despite calling for higher prices for years, we’re supposed to believe that progressives had a recent epiphany or at least that’s what they would like you to think if you happen to have the memory of a gold fish.  In one of those ironies that so frequently seem to define the modern world, Yahoo Finance… Continue reading Since when do progressives give the slightest shit about high oil prices?