Tick Tock

Tick Tock Oil wells do not operate like water spigots; damaged infrastructure does not get repaired overnight. It still takes weeks for tankers to reach their destinations once the Strait is eventually opened. With each passing day, the ability of the U.S. economy to remain relatively unaffected is degraded. Tick tock. The ceasefire had barely […]
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Crude Awakening

Crude Awakening Market expectations shifted notably this week as interest rates fell and the link between bonds and oil prices—prevalent since the start of the Iran War—broke down. Since the start of the conflict, surging crude had kept traders on alert for renewed inflationary pressure and a more hawkish Federal Reserve. However, by the end […]
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AI Ascendancy

AI Ascendancy From an economic perspective, the promise of artificial intelligence has been the ability to increase productivity following a decade or more of very low productivity growth. What is productivity? Productivity is critical to economic growth because it allows the economy to produce more goods and services with the same, or even less, resources. […]
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