(Part 4 of 5) News and my thoughts from the past week (11May2026)
News and my thoughts from the past week (11May2026)
The CEOs of SLB, Baker Hughes, and Halliburton, the 3 companies that run the global oil industry's infrastructure, just said the same thing on earnings calls: The Hormuz closure exposed that the global energy system is fundamentally fragile. The system wasn't broken by the war. It was already broken. "Systematically underinvested for a decade." The war just proved it. - X user Mario Nawfal
Yes, Kraft Heinz CEO Steve Cahillane said exactly that in a recent interview: “They’re literally running out of money at the end of the month.” He added that lower-income consumers are seeing negative cash flows and dipping into savings. The "most people" part is a slight generalisation.
Trump admits he expected oil to hit $200-250 and says "even if it went to 200, it would have been worth it." - White House
Nearly 119,000 American families lost their homes to foreclosure in just the first 3 months of 2026. That is a six year high and it is getting worse every single month. Foreclosure starts are up 20% year over year. Bank repossessions jumped 45% compared to a year ago. Bank repossessions are the most alarming number here. - X user Bull Theory
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