The risk premium returns to the Strait
Latest Processing Gap
The gap: the world has built a nervous system that prices a sentence faster than it metabolises a fact. A possibility — not an event, a possibility — moved capital across three continents before breakfast. The thermostat here is the market itself, converting geopolitical dread into a number so the dread can be held at arm's length. The number is the anaesthetic.
Appearances
Weeks after the spring ceasefire that ended the Israel-US strike campaign against Iran, the President floated that strikes could resume, and markets flinched as one organism. Brent had earlier touched $90 on Hormuz-disruption fears; equities sold off across Asia on tech weakness; the dollar firmed; gold slipped.
The gap: the world has built a nervous system that prices a sentence faster than it metabolises a fact. A possibility — not an event, a possibility — moved capital across three continents before breakfast. The thermostat here is the market itself, converting geopolitical dread into a number so the dread can be held at arm's length. The number is the anaesthetic.