All the dogs didn’t bark

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All the dogs didn’t bark

David P. Goldman highlights the lack of significant market reaction to Iran’s missile barrage on Israel, with oil prices and volatility barely moving. Gold’s steady rise continues to be closely linked to US TIPS yields and central bank diversification away from US dollar reserves.

FPÖ victory latest in a right-wing wave across Europe

Diego Faßnacht explains that right-wing parties have seen significant electoral successes across Europe in 2024, signaling a political shift that could impact the continent’s foreign policy with implications for NATO and Ukraine.

Ukrainian forces finding themselves increasingly encircled

James Davis reports that over the past week, Ukrainian frontlines have continued to collapse as Russian forces made significant advances across the front. Russian troops are threatening to encircle Ukrainian forces in multiple sectors, posing risks to Ukrainian defense positions.

Ishiba’s rational economic policy disappoints the speculators

Scott Foster reports that Shigeru Ishiba, a former defense minister and experienced politician recently appointed as Japan’s new prime minister, is seen as a pragmatic choice by Japanese businesses and the public, though financial speculators are disappointed.