Dimitri Lascaris was a securities lawyer in 2007, ironing his shirt for a court hearing against a bankrupt subprime lender when Bloomberg announced New Century Financial had collapsed.
He watched the last crisis from inside it. His verdict on this one: worse, because 2007 had a single bomb and 2026 has a minefield.
Forty trillion in debt, yields back at crisis levels, two choked straits feeding inflation, and a Dow at 52,000 he says bears no relationship to economic reality.
That's the backdrop for his legal read on Economic D-Day.
Beijing's blocking statute inverts Washington's whole playbook, threatening penalties for any Chinese firm that complies with U.S. secondary sanctions, and it was actually deployed this year on refineries buying Iranian crude.
No Security Council approval means no legal obligation, and China buys roughly 90% of Iran's exports.
Where does pressure that cannot legally or practically work lead?
"we're going to end up returning ultimately to the hot war"
On Israel and Turkey, though, he refuses to buy the war talk.
Neither side wants that fight, and the real danger is an accident between jets flying too close.
@WeTheBrandon .
