Will the Dollar be a Casualty of the Iran War?

DOE Announces $171 Million For Geothermal Expansion The DOE released a Notice of Funding Opportunity offering up to $171.5 million for next-generation geothermal field tests and resource exploration.  The program targets field-scale demonstrations of enhanced geothermal systems (EGS) for electricity generation, along with drilling to characterize and confirm hydrothermal and next-gen prospects nationwide. The funding splits into two initial open topics: up to $100 million for EGS field tests and $71.5 million for exploratory drilling. Letters of intent are due March 27, with full applications due April 30. The move directly supports...

On February 28th, President Trump bypassed Congress and started the biggest war perhaps since Vietnam against an Iran that had neither attacked nor threatened the United States. Censorship and propaganda have converged to deliver the false narrative that this will be another “Venezuela” in and out operation. But the numbers do not support the thesis. […]

Fed Independence Is Sacred... Or So We've Been Told Authored by Richard Roberts via RealClearMarkets.com, For the better part of a year, many had become convinced that the Federal Reserve's independence was in its final days. The narrative rested on two prongs. First, an FOMC browbeaten by relentless public attacks, threats of removal, and a Justice Department criminal probe into Chair Jerome Powell. The pressure, many argued, had grown so intense that Fed decisions would no longer be trusted to reflect economics rather than politics. Second, a new chair expected to arrive in May...