It is always better to prepare a game plan for a large market drop that never happens vs. not being prepared for a large market drop that does happen. #ContingencyPlanning# #RealisticExpectations# #DayByDay# #DataVsFear#

Tariffs keep changing, but the risk of putting all your production in one place doesn’t. David Lafitte, CEO of Tecovas, tells @ElizabethGoreUS on The Big Idea that contingency planning, a more diversified manufacturing base and dual sourcing help manage supply chain risk. He also talks about working with factories to share the pain of cost increases before passing them on to shoppers. Watch the full episode on Yahoo Finance.

The Dutch central bank (DNB) has transferred approximately 86 metric tons of gold out of the U.S. and Canada to the U.K., seeking to shore up its contingency planning in view of “increasing geopolitical unrest.” Read more here:

🇮🇷 | "We have prepared 5,000 graves in the desert for US soldiers," Tehran public cemetery director Mohammad-Javad Tajik said in an interview with Ofogh TV. Tajik confirmed that Iranian officials are weighing every possible option in the event of a US invasion, describing the burial sites as part of practical contingency planning rather than a mere psychological threat. Negotiations with Washington remain stalled, with the Trump administration continuing to threaten military action alongside other forms of political and economic pressure, including blockades and further sanctions. According to Iranian analysts, Tehran views the US-Israeli war against Iran as ongoing, arguing that Washington has upheld neither the memorandum of understanding nor the terms of the temporary ceasefire.