Money versus Monetary Policy

The Trump Administration Ditches Another Rogue DOJ Official Authored by Tudor Dixon via American Greatness, The second Trump administration is very different from the first. As 45th president, Donald Trump was saddled with disloyal officials who constantly undermined his agenda. The Ukraine impeachment scandal, among other events, was the result of this internal subversion. But the second term sets a new standard for loyalty. The administration will no longer tolerate rogue officials making their own policy. This was made clear last week when the administration pushed out Gail Slater, the Justice Department’s antitrust chief....

Iran "Laying Traps" And "Building Up Defenses" On Kharg Island, Preparing For U.S. Ground Attack Iran has recently bolstered its defenses around Kharg Island, anticipating a possible US move to seize the key oil export hub, CNN reported this week. The island is vital to Iran’s economy, handling roughly 90% of its crude shipments, and has become a focal point in escalating tensions. The Trump administration has explored the option of sending US forces to take control of the island as leverage to pressure Iran into reopening the Strait of Hormuz....

Stocks Jump, Oil Tumbles After IEA Calls Extraordinary Meeting To Decide On SPR Release With oil reversing much of the overnight losses as we neared the start of US cash open trading, futures slumped and it felt like we were back to square one.  That's when the jawboning out of the G7 members - many of whom are already at their breaking point in terms of soaring input costs - decided to double down on the jawboning rhetoric from yesterday - and hinted strongly that an SPR release could be imminent.  The...