Recent Items
Thursday, June 25, 2026
Links 6/25/2026
Topics: Links
Posted by Conor Gallagher at 6:55 am | 4 Comments »
Iran War: Omani Route Tests Iran Control of Strait of Hormuz as Rubio, GCC States Reject Iran Management; Iran Yet to Respond to Israel Ceasefire Violations, Intent to Stay in Lebanon; More Doubts about $300 Billion Fund
Today’s Iran war news: A showdown is coming soon if Iran sticks to its Memorandum of Understanding guns.
Topics: Doomsday scenarios, Economic fundamentals, Energy markets, Media watch, Middle East, Politics
Posted by Yves Smith at 6:54 am | 5 Comments »
Satyajit Das: The ‘Own Goals’ of Trump-onomics
Short seller David Einhorn’s saying, “No matter how bad you think it is, it’s worse” particularly applies to Trump’s economic schemes.
Topics: Currencies, Economic fundamentals, Free markets and their discontents, Globalization, Guest Post, Macroeconomic policy, Politics, Taxes, The destruction of the middle class, The dismal science
Posted by Yves Smith at 6:00 am | 3 Comments »
Iran Challenges US Doctrine of Low-Intensity Warfare
How Iran’s success against the US and Israel exposed how the US is operating from a dangerously dated playbook.
Topics: Doomsday scenarios, Guest Post, Middle East
Posted by Yves Smith at 3:46 am | 8 Comments »
Coffee Break: Mamdani Slate Sweeps Congressional Primaries in New York
New York Mayor Zohran Mamdani’s slate of progressive congressional candidates swept the Democratic establishment aside in last night’s primaries, but some not so happy outcomes occurred in other races.
Topics: Coffee Break
Posted by Nat Wilson Turner at 2:00 pm | 25 Comments »
How Bad is AI for the Environment?
A tally of the great planetary damage expected to result from AI growing use, thanks to its insatiable hunger for power.
Topics: Doomsday scenarios, Economic fundamentals, Energy markets, Environment, Global warming, Guest Post, Regulations and regulators, Ridiculously obvious scams, Risk and risk management, Technology and innovation
Posted by Yves Smith at 9:55 am | 6 Comments »
Links 6/24/2026
Topics: Links
Posted by Yves Smith at 6:59 am | 92 Comments »
Iran War: US Doubles Down on Claim Iran Agreed to IAEA Inspections, Ballistic Missile Limits After Iran Denial; Dispute Over Food for Frozen Assets; Lebanon Ceasefire Holds as US Presents Withdrawal Plan; More on Looming Oil Cliff, Diesel and Lubricants Shortages
Today’s Iran war update: The big struggle is on the narrative front, as Iran swatted back JD Vance claims as the oil cliff keeps approaching.
Topics: Doomsday scenarios, Economic fundamentals, Energy markets, Market inefficiencies, Media watch, Middle East, Politics
Posted by Yves Smith at 6:58 am | 140 Comments »
Amid Iran Failures, Is the U.S. Finding More Success With Its Economic War on Iraq?
With few options, Baghdad is promising to rein in militias and pursue other oil export routes. Will any of it stick?
Topics: Energy markets, Middle East
Posted by Conor Gallagher at 5:00 am | 2 Comments »
After the US President Ordered the British Prime Minister Out of Office, What’s Left of the Anglo-American Special Relationship?
Why the Trump Administration is set to be able to push around incoming British Prime Minister Andy Burnham even more than with Kier Starmer.
Topics: Globalization, Guest Post, Politics, UK
Posted by Yves Smith at 3:30 am | 10 Comments »
Coffee Break: Armed Madhouse – Trust Destruction and Nuclear Roulette
Nuclear war is often discussed as a weapons problem. It is more accurately understood as a trust problem. As trust between adversaries deteriorates, relationships can move through a predictable sequence of rivalry, suspicion, distrust, hostility, and ultimately existential threat perception. Each stage generates evidence that justifies the next, creating a self-reinforcing cycle that expands the influence of what may be called the War Power ecosystem. In a world of nuclear-armed states, the cycle of trust destruction results in repeated games of nuclear roulette in which global catastrophe is at risk with each spin.
Topics: Coffee Break, Guest Post
Posted by Haig Hovaness at 2:00 pm | 8 Comments »
Links 6/23/2026
Topics: Links
Posted by Yves Smith at 6:59 am | 77 Comments »
Good Riddance, Alan Greenspan
Cataloguing some of the less-well recognized ways that Alan Greenspan did tremendous harm to the financial system and citizens at large.
Topics: Banking industry, Credit markets, Derivatives, Doomsday scenarios, ECONNED, Economic fundamentals, Federal Reserve, Free markets and their discontents, Hedge funds, Investment banks, Moral hazard, Politics, Real estate, Regulations and regulators, Ridiculously obvious scams, Risk and risk management, The destruction of the middle class, The dismal science
Posted by Yves Smith at 6:58 am | 62 Comments »
Iran War: Brief Update – JD Vance Acting in Bad Faith, Israel Stressed Even as It Doubles Down on Intent to Stay in Lebanon
Today’s Iran war news: Despite media cheerleading, JD Vance’s repeated displays of dishonesty do not bode well for getting the “deal” ‘done.
Topics: Doomsday scenarios, Economic fundamentals, Energy markets, Media watch, Middle East, Politics
Posted by Yves Smith at 6:55 am | 97 Comments »
The US and Israel’s (Covert and Overt) Political and Election Meddling, on Multiple Continents, Is Off the Charts
In stark contrast with Russiagate, there is little coverage, let alone outcry, in the Western legacy media.
Topics: Guest Post, Middle East, Politics
Posted by Nick Corbishley at 6:45 am | 7 Comments »



