Money versus Monetary Policy

NATO Minus US: European Militaries Won't Add Up To Deter Russia Authored by John Haughey via The Epoch Times (emphasis ours), The North Atlantic Treaty Organization’s European nations would need to bolster standing militaries by at least 300,000 troops and significantly boost defense spending beyond 3.5 percent of gross domestic product - at least 250 billion euros - while reviving and integrating their industrial base to defend themselves against Russia without the United States. And they’d need to do that fast, according to a 2025 joint analysis by European think tanks Bruegel...

Key Events This Week: PPI, Iran Talks, Nvidia Earnings, Fed Speakers Galore And State Of The Union While much digital ink has been spilled on the Supreme Court's striking down of Trump's IEEPA tariffs and the consequences of this decision (see "Full Analysis Of The Supreme Court IEEPA Decision: How It Impacts The Economy, Policy And Markets"), a lot more is on deck for this week when we will also have more geopolitical headlines to contend with, as the latest round of US-Iran talks is expected in Geneva on Thursday....

I had thought the United States government had hit a new low point last week when the Federal Commission of Fine Arts approved a Semiquincentennial 250th anniversary commemorative 24 karat gold coin featuring President Donald J Trump leaning on his his desk with clenched fists and scowling but that was before Secretary of War Pete Hegseth demanded $200 billion from […]