as LNG supplies dry up. Economic activity in the euro zone slowed sharply in March, as the S&P Flash PMI data showed Tuesday. Economists warn that stagflation — high inflation and stalling growth — is facing the region because of the Iran war. Europe was much more dependent on Persian Gulf energy supplies. Expect a spillover to the US, as the Continent is the largest US export market.

taking the shares of Apollo (APO), Blackstone (BLK), and Ares Management (ARES). It’s the end of an asset class. Firms are blocking investors from getting even half of the money they wanted out of their funds, a sign of mounting strain in the $1.8 trillion market. Glad I never touched the area, despite many invitations to do so. I knew it would end in tears.

as investors reacted to the latest version of a bill known as the Clarity Act. The proposed legislation could ban stablecoin issuers from paying yield to customers just for holding the assets. Earning yield, usually in the form of rewards, on stablecoins like Circle’s USDC and others, is a key incentive for users to hold the coins – similar to the interest earned on cash sitting in a bank account. Avoid (CRCL).

says the Kalshi Betting site. Odds that tanker traffic in the Straits will return to normal before April 15 are below 25% on Kalshi. By June 1, however, odds shorten to more than 67%, and by July 1 to 76%. That means 90 supertankers a day, worth $500 million each, with cargo, plus 30 container ships, are barred from commerce every day. I think these numbers are very optimistic.

defined as homes that were bought and sold in the same year, is down 4% YOY. It was 7% of all homes sold in 2025. The return on investment has fallen from 32% to 25%, the lowest since the Great Recession in 2008. The peak was 50%. Tariffs were a major problem, raising prices on everything. No more Chinese cabinets.