The pursuit of an “invulnerable” missile defense system confronts technical, economic, and strategic limits. Perfect interception is unattainable, validation is inherently incomplete, and a fully realized architecture drives costs into the trillion-dollar range.
Recent Items
Tuesday, March 31, 2026
Coffee Break: Armed Madhouse – The Invulnerable Golden Dome
Topics: Coffee Break
Posted by Haig Hovaness at 2:00 pm | 1 Comment »
Michael Hudson and Steve Keen: How the Global Crisis Will Unfold
Michael Hudson and Steve Keen: discuss how the Iran war economic crisis will generate inflation first, and then deflation and depression.
Topics: Credit markets, Doomsday scenarios, Economic fundamentals, Energy markets, Free markets and their discontents, Guest Post, Investment outlook, Macroeconomic policy, The destruction of the middle class, The dismal science
Posted by Yves Smith at 9:55 am | 14 Comments »
Links 3/31/2026
Topics: Links
Posted by Yves Smith at 6:59 am | 46 Comments »
Iran War: Trump Threatens Destruction of Iran Electric Generation and Oil Wells Even as WSJ Reports Temporary TACO on Trying to Force Open Strait of Hormuz
Today’s Iran war update: WSJ – Trump is trying to rearrange the deck chairs on the Titanic by not opening the Strait now but still fighting
Topics: Doomsday scenarios, Economic fundamentals, Energy markets, Media watch, Middle East, Politics
Posted by Yves Smith at 6:57 am | 122 Comments »
Where Does Russia’s Just-in-Time Energy Lifeline Leave Cuba?
“We cannot be indifferent to the desperate situation that Cubans are experiencing today,” said Dmitry Peskov.
Topics: Guest Post
Posted by Nick Corbishley at 6:45 am | 8 Comments »
Five Reasons Why the US Declined To Enforce Its De Facto Blockade on Cuba for Russia
Cuba gets a bit of an energy break thanks to a Russian tanker, but this delivery won’t change outcomes.
Topics: Banana republic, Economic fundamentals, Energy markets, Guest Post, Politics, Russia
Posted by Yves Smith at 5:24 am | 7 Comments »
Coffee Break: Moral Imbeciles Lead U.S. to War
The moral imbeciles ruling the United States have blundered into disaster because they are incapable of recognizing the stakes of the game.
Topics: Coffee Break
Posted by Nat Wilson Turner at 2:00 pm | 34 Comments »
Drillers See Triple-Digit Crude and Hit the Brakes
Why drillers won’t be sucker punched by increasing production in response to a very large price increase that may be short-lived.
Topics: Doomsday scenarios, Economic fundamentals, Energy markets, Free markets and their discontents, Guest Post, Investment outlook
Posted by Yves Smith at 10:49 am | 10 Comments »
Links 3/30/2026
Topics: Links
Posted by Conor Gallagher at 6:55 am | 92 Comments »
Iran War: US/Israel Escalation and Forceful Iran Retaliation Continue as Trump Says He May Take Iran’s Oil and Pakistan Hosts Talks With Nobody; Mr. Market Finally Waking Up as Brent Rises to $115
Today’s Iran war update: Trump fantasies deepen as the US suffers irreparable damage to its military and the global economy takes body blows.
Topics: Doomsday scenarios, Economic fundamentals, Energy markets, Media watch, Middle East, Politics
Posted by Yves Smith at 6:54 am | 270 Comments »
Europe Tries Magical Thinking with Algerian Gas—Again
And same as the last crises, the math still doesn’t add up.
Topics: Energy markets, Europe, Middle East, Russia
Posted by Conor Gallagher at 5:00 am | 10 Comments »
Nationwide General Strike Planned for May 1: No Kings Organizer
What are the demands and why does opposition to imperialism get shouted down?
Topics: Middle East, Politics, Social values, Surveillance state, The destruction of the middle class
Posted by Conor Gallagher at 4:00 am | 24 Comments »
Links 3/29/2026
Topics: Links
Posted by Haig Hovaness at 6:55 am | 68 Comments »
Iran War: More Signs of a Long Conflict and Resulting Severe Economic Damage
The latest Iran war update: both sides dig in, virtually assuring at least a long-ish conflict and economic devastation.
Topics: Doomsday scenarios, Economic fundamentals, Energy markets, Income disparity, Media watch, Middle East, Politics
Posted by Yves Smith at 6:54 am | 371 Comments »
The Sunday Morning Movie Presents: Silence (Chinmoku) (1971) Run Time: 2H 9M Plus Jazz!
Silence is a movie about faith and its loss.
Topics: Guest Post, Sunday morning Antidote movie
Posted by semper loquitur at 6:30 am | 7 Comments »



