The great cities of Europe are becoming museums. Venice has already completed the transition. Its resident population is now less than a third of what it was in the 1950s. The Venetians whom one meets as a tourist are commuters from the mainland. The Eurodisney complex outside Paris also leaves the lights on at night. The great cities of Europe are becoming museums.
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Gasoline, diesel and jet fuel prices have jumped, as the conflict between the U.S., Israel and Iran chokes off oil shipments through the Strait of Hormuz....
Funding spikes and liquidations point to positioning build-up, with direction hinging on whether buyers can defend support....
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