Global growth disappears into the fog of war

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This is what the fog of war looks like. It is thicker than usual with the American Madman.

  • Al Arabiya issues dramatic retraction on prior ‘deal reached’ reporting.
  • Iranian president vows to not back down, as Trump still vows to get nuclear material.
  • AI Arabiya TV obtains what it describes as final draft of US-lran agreement, 
  • Reuters reported that Ayatollah ordered that stockpile of uranium enriched to 60% remain strictly inside Iranian territory. Some Iranian officials then denied report to Al Jazeera.
  • WH says make a deal or else… “they can face a punishment from our military the likes of which has not been seen in modern history.”
  • US Intelligence says Iran has reconstitute drone program, defense industrial base, “faster than expected” (CNN).

It is supposed to include:

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About the author
David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific's leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.
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