Many players driving the Ramadan War, including Trump’s Secretary of War, are gripped by doomsday delusions.
Recent Items
Wednesday, March 11, 2026
Coffee Break: Doomsday Delusions, Iran Eschaton Edition
Topics: Coffee Break
Posted by Nat Wilson Turner at 2:00 pm | 39 Comments »
Links 3/11/2026
Topics: Links
Posted by Yves Smith at 6:59 am | 60 Comments »
Iran War: Iran Seeks Decolonization of Gulf Region; IEA Proposes Emergency Release of Reserves; Nuclear Strike Risk Assessment; Iran Escalates Strikes
Today’s Iran war update: the implications of Iran’s apparent demands, risk of a Israeli nuclear attack, and Iran’s kinetic escalation.
Topics: Commodities, Doomsday scenarios, Economic fundamentals, Energy markets, Europe, Globalization, Investment outlook, Media watch, Middle East, Politics
Posted by Yves Smith at 6:58 am | 239 Comments »
The Invention of Infinite Growth: How Economics Went Down the Rabbit Hole of No Return
It is a curious thing that our politicians and economists in the Uniparty believe that economic growth, now and forevermore, will solve all our problems and cure all our ills. One looks around and it’s clear this is not so. Still, this economics truth was stated with utmost, if utterly spurious, clarity by a former […]
Topics: Economic fundamentals, Free markets and their discontents, Global warming, Social policy, The dismal science
Posted by KLG at 6:45 am | 17 Comments »
The Pakistan Navy’s Regional Escort Mission Puts Iran in a Dilemma
The US Strait of Hormuz escort story was fake but Pakistan, which is very exposed to the closure, plans something more serious. Will it work?
Topics: Doomsday scenarios, Energy markets, Globalization, Guest Post, Middle East, Politics
Posted by Yves Smith at 3:25 am | 62 Comments »
Coffee Break: Armed Madhouse – Armed Transgression
The recent sequence of assassinations in the Middle East illustrates how acts once considered extraordinary can become normalized, raising the alarming possibility that the next boundary to fall could be the nuclear threshold.
Topics: Coffee Break
Posted by Haig Hovaness at 2:00 pm | 17 Comments »
In Latest Blow to Trump’s Mass Deportation Plan, Judge Blocks Overhaul of Immigration Appeals
Trump is losing in Iran and on the immigration front as a Federal judge backs Constitutional due process rights over efficiency.
Topics: Globalization, Guest Post, Income disparity, Legal, Politics, Social policy, Social values
Posted by Yves Smith at 9:55 am | 4 Comments »
Links 3/10/2026
Topics: Links
Posted by Yves Smith at 6:58 am | 75 Comments »
Iran War: Administration Succeeds in Talking Down Oil Price to Below $100 as Trump Seeks Off Ramp to Opposition of Pentagon and Hawks; Iran Continues to Reject Talks, Announces Increase in Strikes, Pounds US Bases Into Dust
Trump succeeds in talking investors out of the tree even as Iran war fundamentals and his approval rating decay.
Topics: Commodities, Doomsday scenarios, Economic fundamentals, Energy markets, Federal Reserve, Infrastructure, Investment outlook, Media watch, Middle East, Politics
Posted by Yves Smith at 6:57 am | 254 Comments »
Switzerland Just Voted to Enshrine the Right To Cash In Its Constitution
This is part of a broader European — or more specifically, Central European — trend.
Topics: Guest Post
Posted by Nick Corbishley at 6:45 am | 2 Comments »
Newsom Picks a Dogfight With Trump and RFK Jr. on Public Health
Newsom backs the PMC over anti-vaxxers, even though Northern California is a stronghold of RFK Jr. health fetishists and quacks.
Topics: Guest Post, Health care, Politics, Science and the scientific method
Posted by Yves Smith at 4:42 am | 3 Comments »
Coffee Break: Mask-Off Moment as Paramount at Nexus of AI, Gulf State Financing, and Private Equity
Geopolitical crisis creates a mask-off moment for the Ellison family empire including Oracle and Paramount at nexus of AI and global finance.
Topics: Coffee Break
Posted by Nat Wilson Turner at 2:00 pm | 18 Comments »
Why We Ignore the Warnings That Could Save Us
Warning signs are often visible long before catastrophe strikes.
Topics: Curiousities, Garrulous insolence
Posted by Conor Gallagher at 9:55 am | 21 Comments »
Links 3/9/2026
Topics: Links
Posted by Conor Gallagher at 6:55 am | 70 Comments »
Iran War: Oil Rises to Nearly $120, Stays Above $100 Despite G7 Plans for Reserves Release; Foreign Markets Swoon; Iran Increasing Intensity of Strikes, Targeting More Assets in the Gulf
Today’s Iran war update: even if Mr. Market makes Trump TACO, Iran is not likely to relent on its Strait closure soon and damage will compound.
Topics: Commodities, Doomsday scenarios, Economic fundamentals, Energy markets, Globalization, Investment outlook, Media watch, Middle East, Politics
Posted by Yves Smith at 6:54 am | 310 Comments »



