Geopolitics

CRAK kills (during an oil war)

Publisher’s Note: Energy prices are rising again. Conflict in the Middle East continues to threaten one of the world’s most important trade routes. And markets…

Deflation is your enemy now

In today’s issue: How can you have a financial crisis when the central bank will print money? What central bankers will get wrong this time…

Debasement of the golden rule leads to geopolitical chaos

Western philosophy has changed radically. “Do unto others as you would have them do unto you,” became “do unto others before they can do unto you.”

Too many monsters to destroy

Trump promised to bring back John Quincy Adams’ foreign policy: go “not abroad in search of monsters to destroy.” Now the monsters are destroying him at home.

What happens when the Iran uncertainty disappears

Everyone is focused on the Iran war and soaring oil prices. But if a 47-year source of market uncertainty disappears, the next decade could unleash one of the biggest investment booms in modern history.

Follow the oil, follow the money, follow the winners

A century ago, Middle East conflict created oil giants like BP and Shell. Today, the real winners may be a new generation of energy and critical metals companies.

No nukes dropping on data centres Down Under

Can Dubai and the Gulf ever really recover from what’s happened over the past couple of weeks?

A secret agreement, a century of oil wars, and why Iran is just the latest chapter

More than a century ago, Britain and France secretly divided the Middle East to secure oil. Today’s conflict with Iran may be the latest chapter in that same story.

Video Update: What we’re watching now in these crazy markets

Considering the volatility of the situation, I bring you today’s message via video.

War doesn't care about my growth story

Israel’s strike on Iranian oil infrastructure has pushed energy markets into a new phase of volatility. Oil is surging, gas supply contracts are breaking and commodities across the globe are reacting. The bigger story, however, is what this means for investors — and where capital tends to flow when geopolitics catches fire.

Rules of engagement

A rainy winter. Two new wars. And a world that seems to be slipping back toward chaos. Bill connects the dots behind the headlines — and explains why investors may want to keep an umbrella handy.

Bombs, oil, AI…and your portfolio

The market thinks this won’t last. We’re not so sure.

The Doctor Will See You Now

We see machines that can do almost everything, physically and mentally, that a human can do. But with none of the sick days or bad attitudes that characterize our race.

Paper Privilege

The US reneged on its promise to exchange dollars for gold in August of 1971. Dollars were still the world’s reserve currency, but nobody had any guarantee that they would remain limited and valuable.

Japan is back. For better or worse?

Japan’s iron lady now has a supermajority. She plans to amend its constitution. But it’s far-away investors who could pay the price for her ambitions.

The Fix is In

A US Fed chair nomination might sound like inside baseball. It isn’t. With global liquidity already under strain and Japan’s bond market cracking, a shift at the Fed could trigger sudden repricing across sterling assets. This essay explains why Kevin Warsh’s appointment matters — and what it signals for the next phase of global markets.

Happy Vassals

Markets don’t move on headlines. They move on confidence, capital flows, and trust. As global alliances shift and large investors quietly rethink where their money feels safest, UK investors may be more exposed than they realise — particularly through currency risk and global portfolio concentration.

Murphy's Lawlessness

A conservative is someone who distrusts government power; he believes government should always be subordinate to the writ of Moses and the Grand Convention of 1787.

Trump’s Own Liz Truss Moment Is Here

Government bond markets are on life support. The Trump–Powell clash risks pulling the plug — and UK investors need to understand what comes next.