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…

Spies, stolen blueprints, and an $8 billion machine order that explains AI’s future

Somewhere in Shenzhen, inside a heavily secured facility, a team of engineers working under fake identities has been trying to reverse-engineer one of the most…

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…