Money versus Monetary Policy

Israeli Prime Minister Benjamin Netanyahu made many trips to the U.S. last year. And now here we are, in the middle of a gigantic mess in the Middle East (again). The widely anticipated expectation of President Trump putting “America First” and “Making America Great Again” seem like fleeting memories now. The post Trump & Netanyahu: Who’s the boss? Maybe we’ll find out appeared first on LewRockwell.

Pentagon Denies Widespread Reports Of Iran's 'Dark' Tankers Breaching US Blockade Update(1510ET): The Pentagon has not been happy with today's media headlines that proclaimed Iranian 'dark' tankers (with their transponders switched off) have been able to penetrate and get past the US Navy's blockade. CENTCOM issued a late afternoon public message, stating: "Over past 24 hours, media reports have alleged that several commercial ships evaded the blockade, citing M/V Hero II, M/V Hedy, and M/V Dorena as examples. These reports are inaccurate. Hero II and Hedy did not sail past...

US Producer Prices Cooler Than Expected In March Despite Surge In Energy Costs The month-over-month change in producer prices had accelerated for five straight months ahead of today's March data, which is expected to surge thanks to Iran-war impacts on energy costs. Against expectations of a 1.1% MoM rise, March's Headline PPI shocked everyone by rising only 0.5% MoM (equal to the revised lower 0.5% MoM rise in both of the last two months). This pushed PPI up 4.0% YoY (the highest since Feb 2023) but well below the +4.6% YoY...