March 12
S&P Oil FX Gold Silver 10Y USM
PCE reports tomorrow | Mish
UNSC approves resolution condemning Iran retaliatory strikes as Russia, China abstain | Cradle
When the Security Council Cannot Utter the Truth | Cons
S&P is down 1.19% as traders don't buy Trump's jawboning anymore | Forex | 11:33
10Y is 4.255%, higher by 2.4bp, It was 13bp in previous two sessions
Gold is down 1.05% to $5,125 as prospects for a quick end to the war fade | Forex
Oil is up 10.84% to $96.70. Brent is above $101
Initial claims 213K. 4 week moving average 212K | Forex
January trade balance -54.5B vs -66.6B expected
Housing starts for January 1.487M versus 1.348M estimate
Fresh US Intel Assessment Says Iran Regime Not Close To Collapse After 2 Weeks At War| Zero
The War Escalates and Markets are Unimpressed with IEA Oil Move | Marc
Iran Is Winning & It’s Not Close | Welsh
Donald Trump’s War on Iran is Turning into a Debacle | John
Iran Cows US Navy into Submission in Hormuz Standoff | Simpl
Shipping turmoil escalates as multiple vessels (at least six) struck overnight | Zero
Iran’s Control of Strait of Hormuz Means It’s Exporting More Oil Than Before the War | Anti-War
Iran May Let Indian Tankers Through Hormuz Strait, Reports Of High-Level Talks | Zero
The Bad Joke of Owners Equivalent of Rent (OER) explained | Wolf
Homeowners experience a lot more inflation, but it is not reflected in CPI. The expenses of homeownership – homeowners’ insurance, HOA fees, property taxes, and repairs & maintenance – are not included in CPI, and OER takes their place. Those expenses have soared for many homeowners, and inflation is rampant in them, but not reflected in OER.
X MONEY IS LAUNCHING NEXT MONTH AND GAME OVER FOR BANKS
Debt Rattle
“Iran’s Grand Plan to End U.S. Presence in the Middle East..”
Iranian officials likewise recognize that U.S. attacks will keep being repeated until the United States is driven out of the Middle East.
The Die Is Cast: Either Iran or Washington/Israel Prevail
What are the Chinese saying about the war?
Hundreds of short videos, uploaded by Chinese tourists and workers in the Middle East, show Iranian missiles and drones raining down on Tel Aviv, Haifa, Dubai, Doha, Bahrain, and Kuwait. Many have millions of views.
Doug Casey on the Cost of the Iran War—and Why It Will Fuel Inflation
Israel commits massacre against displaced civilians on Beirut beachfront | Cradle
Nearly 75% of all restaurant meals are consumed off-premises.
Takeout and drive-thru play a large part, but in recent years, the explosion of meal delivery through platforms like DoorDash has fundamentally reshaped consumption patterns.
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