Good Reads
Will Diesel Cause The Next Recession?
Most people understand that the Iran war has disrupted the energy supply chain and, by extension, the global economy. But few understand exactly how this works and why diesel fuel, of all things, is central to the coming turmoil. Contrarian Capitalist’s Robert Smallbone just posted a clear explanation of this process. Read on »
There Are Four Forces Pressuring Bonds: War Is No. 1
Worries about runaway government spending. A new Federal Reserve chairman. The huge surge in bond issuance to fund the artificial-intelligence build-out. There are many forces pushing Treasury yields higher. But the main driver of the recent run-up: inflation. Read on »
Gold price jumps as traders weigh yen intervention risk, Fedspeak
Gold rose the most in two weeks as the dollar tumbled against the yen and traders reacted to remarks from policymakers on the Federal Reserve’s interest-rate path. Spot bullion surged as much as 2.6%, the biggest intraday increase since Aug. 19, as the yen extended its strengthen against the greenback. Read on »
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