The vaunted ERM completely overvalued the British pound in the late 20th century, compelling a sophisticated capital markets orchestration, including the nominal intervention of George Soros' fund, to give the BoE political cover "to abandon" the ERM in 1992. What followed exiting the ERM was 16 years
Like all high-stakes negotiations, acceptable terms come in "parcels": you get more than bargained for in what matters most, to you, while offering tolerable concessions, when compelled by time, opportunity, or History, to your counterparts. The "Big Bargain" SALT expired without a peep from the US
Long Metals is Short Chinese Exports The industrial metals (notably copper & silver) surging by the day doom the sustainability of China's industries: for ever incremental bump in commodity prices, Chinese industrial consumers of these metal face far more upside in speculating or hoarding metals instead of consuming
The Somali repudiation of Israel's Gaza resolution, succeeded by the recognition of "Somalialand", provided Trump a "zero-risk" population to purge from the United States with absolutely no loss with respect to foreign policy or trade. Somali's vs. Indians - the Bargain All
What SHOULD have happened... CRA - Black Grievances Were a Tool, Not an End The purpose of the Civil Rights Act ("CRA") was to impose a Federal "firewall" between the voting populace of the United States and any possibility of another "Red Scare". McCarthy
bin Salman's reform movement, "Saudi Vision 2030", requires disruptions to a society at odds with the Saudi ulema's aspirations and traditional Saudi culture - surely, traditional Saudi's aren't thrilled about professional wrestling and other plebian diversions becoming mainstream and influencing
What started at Bondi Beach expanded to include America's Ivy League. This coincided with a fake scandal involving Susie Wiles and a ridiculous podcast by FBI leaders. "Are they stupid?" - No. What's Going On? It's very simple: Trump's winning,
When assessing why Trump bothered with Pakistan, in the first place... Pakistan's Main Role - Mohammad bin Salman's "Shock Commando" Asim Munir's main concern isn't Pakistan, per se: his concern remains keeping Pakistan's Armed Forces & ISI primed
It has barely been a week since the EU's "BitCoin Blitz", dumping seized crypto relentlessly into the market and creating crash conditions. Today, already, Treasuries are red, alongside Crypto. ... but... Airbus Hacked by Trump Admin Airbus is the second-largest exporter in France. The A320 is almost
Trump's illusory consensus for the Ukraine Peace deal did not last a full week: already, the EU completely and formally repudiated it: BitCoin Dump - EU's Opening Salvo The EU warned Trump through the only mechanism his administration respects: capital markets. By relentlessly dumping seized Russian
Housing costs remain absurd, especially when considering the precariousness of employment for the typical upper-income American (lower-income Americans simply can't afford homes - period - and so they prove irrelevant, outside of a discussion regarding entitlement spending and subsidized housing). Trump & Mamdani: Product of bin Salman and
Egypt nearly withdrew from the Gaza peace deal: Sisi leaned on Modi's India, a stalwart Trump ally, to compel Trump to force Netanyahu to accept the grim terms of the Gaza peace deal. Specifically, should Netanyahu not stick to the existing Gaza peace deal, Egypt threatened to terminate