Money versus Monetary Policy

"Serve Your Country": Uncle Sam Seeks Investment Bankers For 'Economic Defense Unit' The Department of War is reportedly building a 30-person investment banking team, called the "Economic Defense Unit," to deploy $200 billion in private equity over three years into defense companies and, more importantly, war unicorns, as the race to secure the Western Hemisphere and counter China, Russia, and Iran intensifies in the Trump era. Seamfor reviewed a slide deck from the headhunting firm Heidrick & Struggles that says DoW is seeking to stack EDU with bankers from Goldman...

Iran’s parliament speaker, Mohammad Bagher Ghalibaf, said in a statement on Wednesday that the US had violated “three clauses” of Iran’s 10-point ceasefire proposal. “The deep historical distrust we hold toward the United States stems from its repeated violations of all forms of commitments — a pattern that has regrettably been repeated once again,” Ghalibaf […]

The Barbell Economy: Why The Middle Is Vanishing Authored by Tamuz Itai via The Epoch Times, There’s a pattern quietly reshaping daily life, work, and society itself. Economists now call it the “barbell economy.” Value, growth, and opportunity concentrate at the two extremes—ultra-cheap utility on one end, premium experience and status on the other—while the broad, reasonable middle thins out. Once you start noticing it, you can’t unsee it. And the data show it isn’t a fleeting trend. Start with something as ordinary as dinner. Fast-food drive-throughs, delivery apps, and value menus...