Global Economy

War in the Persian Gulf doesn’t just mean pricier gas. It can snap hidden supply chains that keep modern life running, from fertilizer and copper to plumbing repairs.

Bob sits down with macro researcher Luke Gromen of Forest for the Trees to discuss the cascading supply chain consequences of a closed Strait of Hormuz.

What looks like market strength may be a delayed reckoning. Mark Thornton explains the signals, the Fed’s playbook, and where the next bust is likely to hit first.

War should be good for gold, so why is it falling while oil climbs? Mark Thornton explains.

On this episode of Power & Market, Ryan, Connor, and Tho look at the economic fallout from the war in Iran. How has Iran been able to control the Strait of Hormuz? How might central bankers react? And draft talk out of Washington? Tune in to hear about this and more, as well as a preview of next week's Libertarian Scholars Conference and Austrian Economics Research Conference.

Trump has brought the US into war with Iran. Ryan, Tho, and Connor talk about the initial execution, the domestic fallout, the global costs, and what may come next. 

Great Britain’s economy clearly is underperforming from what it could be. Unfortunately, the damage is self-inflicted and change is not likely in the future, especially with a socialist government.

Bob responds to James Rickards’ recent tweet on record U.S. gold exports driving an improved trade balance, walking through the official data on non-monetary gold, Trump-era tariff uncertainty, and the broader question of what chronic trade deficits really mean in a post-gold-standard world.

On this episode of Power and Market, Ryan, Connor, and Tho look at the headlines coming out of Davos, including Mark Carney's speech calling out the lie of a "rules-based international order," the European reaction to Trump's plans for Greenland, and the political fallout on both sides of the Atlantic.

With a record-height tower and a flooded credit system: 2026 may be when the curse returns.