Morning,
Markets are up after toothless response from Iran.
Oil down over 6%, Tesla up over 9%.
Bitcoin the standout, up over 5%, Bitcoin is real money, not fake money or fiat.
The FED will no longer consider 'reputational' risk when examining Banks.
Reputational risk should never be considered when examining banks, only communists or Social Scientists would do this.
Good to see an end to it.
France and Norway question the 'legality' of US and Israel strikes on Iran.
Bit of rain overnight but not much. 17C here.
