Iran War: Further Admission of Weakness With New Super Duper Trump Sanctions Threat; Israel Moves Against Turkiye Risk Broader Conflagration; Bessent at Odds with Fed in Move to Contain Longer-Dated T

[Today’s Iran war post launched before complete because I had to go out. Please return or refresh this page at 8:30 AM EDT for a final version] The level of sloppy and hyperbolic reporting, both by the press and YouTubers, is getting louder and louder as pressures on both side of the Iran impasse rise. One major frustration on the markets/economics front is that many of the soi-disant experts are asset managers. They are not proficient in financial plumbing or bank operations, save a very few who run focused funds that invest in that arena. They are pretty much without…