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Super Brief: The Week Everything Reports — Super Brief
Published 1 month, 4 weeks ago
Description
The Week Everything Reports. Day 58 of the Hormuz blockade. S&P at an all-time high. Brent at $105. The market is pricing the atoms: oil exists, ships float, refineries stand. It is not pricing the arrangement. Josh Wolfe's essay this week nailed it: the difference between a Ferrari and a pile of scrap metal is not the atoms, i