Money versus Monetary Policy

Max Pressure: U.S. Prepares For Extended Hormuz Blockade As Treasury Warns Sanction Risks Linked To China's "Teapot" Refineries The U.S. is intensifying pressure on Iran and China across two fronts. First, on the military side, The Wall Street Journal reported that President Trump told top aides to prepare for an extended U.S. naval blockade of the Strait of Hormuz, a move that would strangle Tehran's oil revenue. Second, on the economic side, the Treasury Department's Office of Foreign Assets Control is warning financial institutions about sanctions exposure related to Chinese independent "teapot"...

Our own Jonathan Newman had the opportunity to sit down with a Federal Reserve governor. The central banker's answers to Newman's questions were evasive and riddled with contradictions. It seems there is not much behind the Fed's technocratic veneer.

Israeli ground troops are reporting “targeted ground operations” by their troops in southern Lebanon, but with the Defense Ministry ordering all the bridges across the Litani River destroyed yesterday, there is mounting fear that the invasion is going to get a lot broader. Lebanese President Joseph Aoun said he views the destruction of the bridges […]