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The Ceasefire Illusion

A ceasefire was declared. Markets rallied. But missiles kept flying.
This analysis breaks down Iran’s Mosaic Defense doctrine, fragmented command structure, and the deeper reality markets may be missing.

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The Bill for Losing Wars vs. The Bill for Winning One

Not all military losses are the same.

In Afghanistan, $7 billion in U.S.-funded equipment was left behind and absorbed into the طالبان’s arsenal. In Iraq, American-backed forces collapsed, handing ISIS a stockpile of weapons. And over Iran, aircraft were lost in combat—but every pilot was recovered, and nothing usable was left for the enemy.

Three conflicts. Three outcomes. Only one reflects control.

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