The Trump administration has been working steadily to remove protected status for asylum seekers that even Trump admits are deadly "shitholes." Trump makes claims about countries that seem to indicate they're too dangerous to live in, but then insists there's no reason we shouldn't be allowed to deport migrants to places where they're likely to...
The on-again, off-again, new forever war we've been cursed with because Donald Trump felt people just weren't paying attention to him enough is going to be headache for years to come. Trump assumes that if he acts like a bully, everyone will just back down. But now he's dealing with a regime just as willing...
Federal Reserve governor Chris Waller on Friday cast serious doubt on the textbook look-through strategy to handle the Iran War-induced inflationary pressure — or what we fashionably called the "War? Sh~" strategy. And he is not the only central banker who has expressed reservations.
The vacancy-to-unemployed ratio currently stands at 0.91 — meaning there are fewer open jobs than unemployed workers. At the peak of post-COVID labor market tightness, that ratio exceeded 2. This structural difference is the strongest argument the Fed has for looking through the Iran War energy shock.
The Bank of Canada on Wednesday held its policy interest rate unchanged at 2.25%, which is exactly what the market expected. The focus is now on the central bank's assessment of the Iran War's impact on the economy.
In March 2026, as Iranian drones set merchant vessels ablaze in the Strait of Hormuz and Brent crude breached one hundred dollars a barrel, a comparison began circulating with increasing frequency across social media, newsrooms, and academic commentary: this is America's Suez moment.