Three Seas Comes Of Age, Macroeconomic Black Magic In The USA, Biden Over A Barrel (Of Saudi Oil)

The Three Seas. For much of eastern European history that’s meant chaos, conflict and conquest. 

These days, it’s a new initiative to link the Adriatic, the Baltic and the Black Seas. And it’s just added Greece as its 13th member. 

So is it a genetic freak of good intentions that will die naturally? Or is it the start of something altogether more toothy – a new kind of US dominance in Eastern Europe? 

The IRA is pumping money into the US economy. Meanwhile, over at the Fed, Jerome Powell is tightening the screws. It seems like fiscal and monetary policy in America are operating at cross-purposes. So is this macro-economic black magic designed to cast a love spell over the US electorate in the runup to 2024? 

And now, the Saudis have announced that they want to take oil back up to hundred dollars a barrel. Is their proposed spike a counter-spell to blast Biden out of the Beltway? 

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