Self-sufficiency is lifting global costs as nations duplicate energy, chip, defense, and mineral supply chains, keeping inflation and rates structurally higher.
US CPI rose 2.4% in February, matching expectations and signaling stable inflation. Shelter and services rose, goods fell, while oil risks cloud outlook.
Oil was the clear winner after the Iran shock, but Bitcoin’s resilience stood out, beating gold and the S&P 500 as inflation fears spread through markets.