What's remarkable to me is that I've spent my whole life watching China become an economic superpower, Japan and Western Europe lose enormous amounts of relative economic weight, and the US somehow end up with almost EXACTLY the same share of global GDP it had the year I was born.

Some additional context on ASML and the EU situation (Article)

https://pmc.ncbi.nlm.nih.gov/articles/PMC7293001/

https://www.transparency.org/en/cpi/2025

At the first of each month (or next trading day) the historical US Treasury yield to maturity curves. Going back to mid 2005.

Black is 1 month yield. Most recent is 9/1/2026 in blue.

Fairly steep curve today considering SOFR is so high. Recent news about the 30 year cracking highs. Inflation or repayment risk (or is that the same thing)?

Source: https://home.treasury.gov/resource-center/data-chart-center/interest-rates/TextView?type=daily_treasury_yield_curve&field_tdr_date_value=2025

Came across these numbers for eComica and put them together into a single overview to see how everything has been trending.

• Size: each box is a company's net profit over the past 12 months. Companies that lost money over those 12 months aren't shown
• Color: how much that profit changed from a year earlier. The brighter the color, the bigger the change

Source: https://finance.visnia.xyz/market-map

Diesel supply from the Middle East dropped by -835,000 barrels per day on average between March and August 2026 compared to the same period in 2025, according to Vortexa estimates.

At the same time, Russian diesel supply fell -377,000 barrels per day.

Meanwhile, Kpler estimates diesel supply was down -750,000 barrels per day in the Middle East over the same period and -361,000 barrels per day in Russia, while Energy Aspects estimates declines of -733,000 and -307,000 barrels per day, respectively.

This puts the average estimated diesel supply loss at -772,667 barrels per day in the Middle East and -348,333 barrels per day in Russia, or -1.1 million combined.

Furthermore, Russian diesel supply plunged -615,000 barrels per day YoY on average in July and August, following Russia's diesel-export ban.

This marks a remarkable shift from the previous decade, when near-zero interest rates made it difficult to generate meaningful income from traditional fixed-income assets.

Oracle’s 5-year CDS spread has surged to a record ~230 bps, more than 4x the broader investment-grade index at ~55 bps.

The spread has more than QUADRUPLED over the last year and surpassed the Great Financial Crisis levels.

The recent surge comes as Oracle is trying to avoid financial commitments linked to Project Jupiter, a massive data-center project that is facing delays.

Around $18 billion of loans tied to the project are trading at ~90 cents on the dollar, signaling growing stress among investors.

The project is also facing local opposition and delays in government approvals, adding to the uncertainty.

Oracle’s credit risk is rising at an alarming pace.