PODCAST: Why This Recession is Different

The White House will allow the waiver on Iranian oil sanctions to expire on Sunday. The US granted sanctions waivers for Russian, Iranian, and Venezuelan oil after starting a war against Iran in an effort to keep energy prices from spiking.  Two US officials speaking with Reuters said that the White House is not planning […]

Rare Local Ceasefire In Ukraine At Zaporizhzhia Nuclear Plant For Urgent Repairs The International Atomic Energy Agency (IAEA) confirmed in a Friday announcement that a local ceasefire between Ukraine and Russia is in effect around the Zaporizhzhia Nuclear Power Plant to urgently allow crews to restore the facility's backup power supply. In a local, mutual agreement along the front lines, the UN nuclear watchdog confirmed both sides agreed to halt fighting in the area to enable work on the damaged line. This is a rare ceasefire moment, even if very localized...

Murphy: "If The Dollar Starts Sinking, It's Gonna Be Fast" Last night’s debate on “Deficits, War, and Markets”  brought together Bob Murphy of the Mises Institute and Bard College professor Randall Wray for a clash between Austrian and MMT worldviews, moderated by the “Macro Tourist” Kevin Muir.  Exploding U.S. deficits, the Fed’s policy path, the geopolitical shock of the Iran war, what it means for stocks, a potential bond market snap to calls for another financial crisis… we covered a lot of ground and here were some highlights for those short...