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Christine Lagarde warns that the risks of the Iran war are underestimated, highlighting the unprecedented energy shock. She suggests that expectations for a quick return to normal are overly optimistic, indicating a profound impact ahead.

In 1847, laborers in Kottayam, Kerala, discovered a hoard of ancient gold coins, which they traded cheaply. While many coins were melted down, some survived, providing valuable insights into global currency and ancient economies, with finds in locations like Scotland.

The 1970s' economic trauma, marked by oil price spikes and stagflation, parallels current events with Trump's conflict in Iran, causing surging oil prices and disruptions in the Strait of Hormuz.

The essay discusses the lack of focus by economists on sex work compared to other disciplines. A book highlights that only a small fraction of academic research on sex work adopts an economic perspective, with most studies relating to biology, psychology, or law.

Markets are paradoxical, where buyers and sellers believe they are making advantageous trades. Investors challenge markets while the "no-arbitrage" principle suggests identical pay-offs should equal prices, yet arbitrageurs continue to thrive.

Lee Jae-myung's presidency began with a promise of KOSPI 5,000, which he surpassed as the index soared to over 6,000 within months. However, an energy crisis following attacks on Iran led to a significant drop in the index, raising concerns about the sustainability of the bullish trend.

The 15th five-year plan outlines China's ambitious vision for the future, emphasizing technological advancements like flying taxis, fusion power, and quantum computing, akin to Elon Musk's futuristic ideas.

Donald Trump faces challenges in mitigating the energy shock from the Iran war, with oil prices soaring above $110 a barrel. While he has attempted various measures, suspending oil exports remains unconsidered, despite rising petrol prices potentially impacting the midterm elections.

The third Gulf war has triggered a global energy crisis, leading to gas rationing in Nepal, fuel conservation measures in Sri Lanka, and school closures in Pakistan as countries brace for severe economic impacts.

Average inflation in the rich world peaked over 10% in late 2022 due to supply-chain issues, stimulus checks, and energy shocks but fell to around 2% by early 2023, leading central bankers to believe inflation was under control.

_Editor’s note (March 23rd): This piece has been updated to reflect Mr Trump’s decision to delay his threatened strikes against Iranian infrastructure._

Jacinda Ardern's move to Harvard and then Sydney after stepping down as New Zealand's prime minister has sparked concern among Kiwis about rising emigration. This trend reflects a broader issue in the West, where increasing numbers are leaving, highlighting the implications of the "expat economy."

Christine Lagarde warns that the risks of the Iran war are underestimated, highlighting the unprecedented energy shock. She suggests that expectations for a quick return to normal are overly optimistic, indicating a profound impact ahead.

In 1847, laborers in Kottayam, Kerala, discovered a hoard of ancient gold coins, which they traded cheaply. While many coins were melted down, some survived, providing valuable insights into global currency and ancient economies, with finds in locations like Scotland.

Economists largely overlook sex work, with only 5% of academic research focused on its economic aspects despite its substantial size. The industry, particularly porn, generates significant revenue, yet remains underexplored in economic studies.

The 1970s saw the trauma of stagflation and oil crises, a situation echoing today's challenges with rising oil prices amid conflict in Iran. However, the shale-fracking revolution has transformed America into a net energy exporter, altering the dynamics of global energy supply.

Markets are paradoxical, where buyers and sellers believe they are making advantageous trades. Investors challenge markets while the "no-arbitrage" principle suggests identical pay-offs should equal prices, yet arbitrageurs continue to thrive.

Christine Lagarde warns that the risks of the Iran war are underestimated, highlighting the unprecedented energy shock. She suggests that expectations for a quick return to normal are overly optimistic, indicating a profound impact ahead.

In 1847, laborers in Kottayam, Kerala, discovered a hoard of ancient gold coins, which they traded cheaply. While many coins were melted down, some survived, providing valuable insights into global currency and ancient economies, with finds in locations like Scotland.

The ongoing Gulf conflict has entered its fourth week, causing significant disruptions in oil and LNG supply. As Iranian strikes continue to impact the Strait of Hormuz, energy prices surge, with Brent crude rising 40% and European gas prices up 70%.