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July 25

Bitcoin is $62,204, up $105 from $64,099 Friday | 13:50 Sat

Iran’s leaders turn on each other as hardliners push for wider conflict | NYP War Updates
Iranian media threatens Kyiv with ‘ballistic missiles’: “All of Ukraine is within reach’
US-Iran war spreads as Saudi Arabia, Houthis trade airstrikes in Red Sea escalation
US mulls plan to snatch enriched uranium from Iran’s nuclear facilities

Houthis and Saudi Arabia exchange fire as US-Iran war intensifies | AlJz War Updates
IRGC says US warplanes destroyed on the ground

Trump pauses Iran strikes as diplomacy gains momentum | War Updates | Iran

Peak Digest
Two major refineries were struck in the past 24 hours.
US Blacks Out Gulf Satellites over the Gulf of Oman
Goldman’s Daan Struyven projected Brent could exceed $120 in Q4
Commodities Feel the Squeeze. Bloomberg Agriculture Spot Index reached a three-year high
Ed Dowd argued the AI capital-expenditure boom faces many constraints
Americans support transferring half the stock of major AI companies into a government-run wealth fund

Bond Yield Breakout | CBB Weekly
The Bloomberg Global Treasury Index — which tracks government bonds of investment-grade countries — has surged to 3.68%, surpassing a peak from three years ago to reach the highest since the global financial crisis in 2008. While things stabilized somewhat Friday, Thursday trading was alarming. 30-year Treasury yields jumped to 5.18%, matching the May 19th closing high, which was the highest close since July 11, 2007.

Debt Rattle
* Self-imposed embargo has dealt a major blow to Germany’s industrial sector
* Germany Paying Five Times More For Imported Gas After Ditching Russian Imports
* South Carolina Supreme Court Again Rules Against Tattoo Speech (Turley)

Week in Pictures

S&P   Oil   FX   Gold  10Y   BTC   CLZ6
AAA gasoline is up to $4.111 on Saturday from $3.918 a month ago

Uruguay is Latin America’s EV capital
Having a car is brutally expensive here. So much so that most locals can’t aspire to owning one till they are in their thirties.

Week Ahead: Federal Reserve meeting is shaping up as one of the least predictable in years
There is a 38% probability of a hike this week and 110% probability of 25bp hike in Sept
Q2 GDP, personal income and outlays, consumer confidence, trade balance, and employment costs

Simple carbohydrates vs. complex carbohydrates: What’s the difference?
Fiber and starches are complex carbs, while sugars are simple carbs. The secret to weight losss is to choose complex carbs more often than simple carbs. Too many simple carbs can contribute to weight gain.

Here’s the order in which the liver processes calories. The first carbohydrate to be processed by the liver is ethanol; that is, intoxicating alcohol. Next, excess carbohydrates are converted into glycogen, which is stored in the liver. If your glycogen (carbohydrate) storage is full and you consume more food, it will be stored as fat and you will gain weight. If you do not consume food and your glycogen (carbohydrate) storage is empty, then your body will consume fat and you will lose weight.

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