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The Psychology of Miscalculation
Chances of miscalculation at the US China Summit are high... and personal.
May 133 min read


Fake News and Real Markets
If you want to look smart, be a pessimist; if you want to be rich, be an optimist.
May 13 min read


Weapons of Mass Disruption
Tehran has discovered a deep vulnerability at the heart of the global order.
Apr 103 min read


China's Hormuz Calculus
White House luxuriate in unpredictable chaos. Exactly what China’s current entrenched model needs to avoid.
Apr 24 min read


THE APOCALYPSE HAS A SUPPLY CHAIN
On March 8, around the time that the Swedish navy was impounding its first Russian “shadow fleet” carrier, Britain was considering sending an aircraft carrier to the Persian Gulf. President Trump responded “That’s OK Prime Minister Starmer, we don’t need them any longer. We don’t need people that join Wars after they’ve already Won!” Creative grammar aside, days later the White House was calling on Britain, along with France, Japan and South Korean – and China - to help the U
Mar 195 min read


Weekend at Mojtaba’s - on the Hormuz
A Weekend Thought Experiment I was mooning around a hospital in the sunny Shi’a south of Iraq when a young doctor flagged me down and politely asked why were we - meaning Americans – there. He’d watched us invade his country twice before toppling the government and dismantling all the systems that ran the country. As far as he could tell, he gently explained, there had been no plan for after we’d blown the place up. The poor guy wasn’t even mad, he was just baffled on a cosm
Mar 134 min read


A Coup in Iran
“Iran doesn’t give into pressure – only a lot of pressure.”
Feb 255 min read


Forget Milan, the Fireworks are in Tehran
This will not be a surgical operation from the A Night in Caracas playbook. From the build up, the US the option for a weeks long siege, should it come to that.
Feb 192 min read


Davos, Greenland & the Absurd
Greenland upstages Davos. Military force is off the table, expect a trade war.
Jan 213 min read


Gunboat Diplomacy
Gunboat Diplomacy is a bad option... there aren't any good ones.
Jan 53 min read


Venezuela, Iran & ... Belarus?
Venezuela, Iran and Belarus walk into a gas station...
Dec 12, 20251 min read


WTF: Venezuela
This isn't about cocaine... it isn't really about oil.
Dec 4, 20254 min read


Is Russia Ready for a European War?
Is Russia Ready for a NATO War?
Dec 3, 20251 min read


China v US Trade Talks...
One hundred minutes doesn’t seem like a lot of time for the two largest economies - both of who are trying to rewire the economic order – to spend together hashing out a deal.
Oct 31, 20253 min read


The Danger to the Gaza Cease-Fire Isn’t Where You Think
… and neither is the solution. The thing that has stuck with me the most about being in Benghazi in the aftermath of the 9/11 US mission attacks was watching the euphoria of society after ousting that ball of bad hair Muammar Gaddafi atomize into a civil war as the factions all hustled to get a piece of the action. Power vacuums are like that. That feeling returned last week and I wasn’t able to quite shake in the long 72 hours after the Israeli Defense Forces (IDF) announced
Oct 16, 20254 min read


One Quote Explains Washington’s Shift on Ukraine
One quote explains Trump's shift on Ukraine
Sep 24, 20253 min read


The Tariff Ruling... Ruling
Blindsiding investors with the highest tariffs since the Depression caused them to react like frogs thrown into a boil. And out they leapt, triggering market chaos across stocks, bonds and currencies
Jun 12, 20253 min read


Trump's Liberation Day Tariffs
What fresh hell...
Apr 3, 20253 min read


The African Mineral Rush
The president of the DRC makes an intriguing offer to the White House: Minerals for security.
Mar 19, 20252 min read


WTF? Bond Yields
A short explanation of the bond yields that wont cross your eyes.
Jan 14, 20252 min read
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