The Fat Pipe 10/5/26: Iran and Houthis Attack, Bonds!, the AI Bubble, and Grab Bag
The energy crisis continues...bonds are entering the crisis-contagion stage...it's impossible to imagine this is all due to mere incompetence. Here's all the news you need to navigate the week ahead.
Source: Peak Prosperity
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DW NOTE
The Strait remains closed — nine days now, one ship out versus the normal 85 per day — yet oil sits 19% off its peak and gold has fallen 22% since January. When the largest supply disruption in oil market history produces a price retreat, you are watching a demand collapse in real time, not a supply story that got resolved.