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As the Strait of Hormuz crisis grips the global economy, nations are vying to secure other vulnerable waterways

Fetishising tax avoidance in the US must end if the republic is to survive

“I personally am a skeptic of the idea that Iran cannot be denied the ability to terrorize the Strait and the region cannot protect itself against Iranian military capability.”

The patterns bear the hallmarks of overlapping portfolio-management strategies, often index-based and much of it likely automated, and all of it difficult to disentangle.

“We need to either overwhelm them with something new — and this Economic Fury stuff isn’t it — or we need to start limiting our ambitions.”