Money versus Monetary Policy

American stealth fighter jets are deploying to an airbase in southern Israel. The US is engaged in a massive military buildup in the Middle East, and President Donald Trump is threatening to attack Iran.  The Times of Israel reports that the F-22s were moved from the US to an airbase in Israel. The outlet notes […]

Crude Stocks Rise 3.5 Million, Highest Since May 2025 With oil flows passing through the Straits of Hormuz blocked indefinitely, markets were paying especially close attention to today's weekly DOE report on oil stocks, to see how much capacity the US has in case of a prolonged lockout. The result was satisfactory.  The DOE reported the following weekly changes: Crude +3.475MM, more than the expected +3.00MM, and the highest since May 2025 Gasoline -1.704MM, down to the lowest since Jan 9, 2026 Distillates +429K, biggest increase since Jan 2026 Cushing +1.6MM, rising to the highest...