Money versus Monetary Policy

Trump Vows To Hit 'Loser' Iran 'Very Hard' As Pezeshkian Apologizes To Gulf Even As IRGC Attacks Expand As the US-Israeli war on Iran grinds into its second week, having completed a full week of what's largely been escalation alongside no real efforts at talks, the rhetoric on all sides is still expanding just as fast as the missile exchanges. Iran continues to get bombed very intensely, while several overnight ballistic missile and drone waves hit Israel. The biggest development is that Iranian President Masoud Pezeshkian says Tehran will never capitulate,...

Anduril Lands $20 Billion Pentagon Contract For "Modern Battlefield" Hardware Nine days after Axios reported that Palmer Luckey's Anduril was raising around $4 billion at a $60 billion valuation led by a16z and Thrive Capital, Luckey landed a major enterprise contract with the US Army worth up to $20 billion over 10 years.  Photo: Kyle Grillot/Bloomberg via Getty Images Announced on Friday, the deal features a five-year base period with an option to extend for another five years - and includes over 120 separate procurement actions into a single agreement which covers the full range of...

Iran Rejects Ceasefire In Formal Reply To US, As Israel Attacks Key Petrochemical Plants Summary:  A Sunday night Axios report on a US-proposed 45-day ceasefire has by Monday morning been rejected by Iran, which later on Monday issued a 10-point letter via Pakistan. Israel strikes large petrochemical plant at South Pars, which is responsible for half of the country’s petrochemical production. There's been another extension of what had been a 10-day deadline for Iran to open the Strait of Hormuz - a deadline that was initially set to expire on Monday evening. Now...