Speaking at the company’s annual global leveraged-finance conference, Dimon warned inflation may prove to be the “skunk at the party.” The proverbial economic mephitidae is unlikely to be triggered by a conflict in the Middle East alone, said the Wall Street veteran, though the threat it poses increases the longer the military action drags on.
When I flew out of Seattle the next day, the sky was roiled with clouds, threatening rain. The government shutdown had ended, but the atmosphere still seemed suspiciously under-monitored. The National Weather Service had lost some six hundred workers; the F.A.A. was short more than three thousand air-traffic controllers; and there was talk of dismantling NCAR altogether. Russell Vought, the director of the White House Office of Management and Budget, had called the research center “one of the largest sources of climate alarmism in the country.”
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Isn't it obvious? Let's explore the details.
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Waning Crescent - A thin sliver of light remains on the left side before going dark again.