The Hormuz crisis is shifting from an oil-and-bond story to a broader risk-off one, with equities weakening, Copper breaking lower, and Silver losing its rebound structure — a sign its industrial-demand exposure is becoming a liability rather than an advantage.
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New Zealand producer price pressures accelerated sharply in Q2, with input PPI rising 2.9% q/q from 1.4% in Q1, more than double 1.3% consensus. Output PPI also strengthened, rising 1.6% from 0.8%, twice 0.8% expected. Read more…
Wealth has always had two answers to a tax bill. Pay it, or move somewhere the bill cannot follow. For most of American history the second answer was the expensive one. It required lawyers, accountants, Read more…
You’re in an aisle of a bookshop, airport store, or supermarket and have your hands full. You don’t bring out your phone; you glance at something and ask Siri to remember it. That is the Read more…