Seoul - The tape looks calm. That sentence is doing a lot of unearned work. Nasdaq has already made a high after the Federal Reserve raised rates. The VIX is in the mid-teens. The line in the chat is that nobody is afraid. Fear & Greed has been in fear for two weeks. The 10-year … Continue reading BTFD? The Dip Is Not a Discount

Vancouver - The Federal Reserve is expected to raise interest rates this week. It will not do so because the American economy has suddenly overheated, nor a quarter-point move will produce a barrel of oil. It will do so because Chair Kevin Warsh made 2% a test of the new central bank, declined to move … Continue reading Fed Rate Hike Risks Household Economy

Seoul - Western analysis of Iranian politics has repeatedly made the same mistake. It has tried to understand a revolutionary, military-religious system through the logic of American politics. The result is a durable and costly misreading of how power actually works inside the Islamic Republic. The standard Western assumption is straightforward. Remove hardliners and relative … Continue reading The Wrong Lens: Why Pressure Has Empowered Iran’s Hardliners

As the United States remains entangled in the 2026 Iran conflict — with its naval blockades, fragile ceasefires, and broken promises of quick victory — we are once again witnessing the familiar spectacle: American leaders insisting that we have a unique moral duty to confront tyranny and reshape other societies in our image. This is … Continue reading The Dangerous Delusion of American Exceptionalism

Markets are, at their core, nothing more than buy and sell. A transaction happens. Someone pays a price. Sometimes that price looks ridiculous the next day — what changed hands at $1 yesterday suddenly fetches $10 in the heat of the moment. This is normal. It is how price discovery works, however messy. I have … Continue reading Where Are the Adults? Fed and SEC Dead Silence as Markets Fracture at All-Time Highs

On April 7, 2026, Wireless Festival was cancelled before it could begin. The Home Office withdrew Ye’s Electronic Travel Authorisation (ETA), denying him entry to the UK. With Ye booked to headline all three nights, organisers had no choice but to scrap the entire event. Sponsors like Pepsi and Diageo fled amid the backlash. Jewish … Continue reading Let’s Have a Toast for Starmer!