Pentagon Developing Options for ‘Final Blow’ in Iran War

Murphy: "If The Dollar Starts Sinking, It's Gonna Be Fast" Last night’s debate on “Deficits, War, and Markets”  brought together Bob Murphy of the Mises Institute and Bard College professor Randall Wray for a clash between Austrian and MMT worldviews, moderated by the “Macro Tourist” Kevin Muir.  Exploding U.S. deficits, the Fed’s policy path, the geopolitical shock of the Iran war, what it means for stocks, a potential bond market snap to calls for another financial crisis… we covered a lot of ground and here were some highlights for those short...

Since July 7, four US troops have been killed, and more than 200 have been wounded in the Iran war, according to the Pentagon’s official casualty database, known as the Defense Casualty Analysis System. The four dead US soldiers include three who were killed in a July 17 Iranian missile attack on a US base […]

Wheat Futures Volatile As Black Sea Crisis And Hormuz Chokepoint Spark Concerns Chicago wheat futures are coiling for a breakout (one way or another) as ongoing Russia-Ukraine attacks on Black Sea grain infrastructure and bulk carriers threaten exports from one of the world's most important breadbaskets. Most-active Chicago wheat has been choppy in the last few days... Hard red winter wheat gained as much as 2.7% to $7.505 a bushel. Soft Red Winter wheat futures are poised for a much larger breakout if prices sustain a move above $7 a bushel. Bloomberg noted Monday that...