2026 is a margin call on strategic ambiguity — and the underwriter is liquidating its own book Start with the bases, because they explain everything that follows without anyone having to assert a theory. After 2001, the United States ringed Iran with military infrastructure: Al Udeid in Qatar, Al Dhafra in the Emirates, the Fifth … Continue reading Strategic Ambiguity: Marked to Market
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Comfort Journalism: Butter Chicken & Party Balloons
I read The New York Times, The Morning, almost every morning. On March 30, 2026, the main content of the newsletter was readers' questions. It begins as follows: Your questions There is a lot going on in the world right now, much of it confusing, some of it contradictory, all of it important. War rages, … Continue reading Comfort Journalism: Butter Chicken & Party Balloons
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