Bigger Isn't Better: A Case For Downsizing The Federal Reserve

WTI Extends Losses After Biggest Crude Build In 3 Years Oil prices are sliding this morning following as an over-supplied market (API reported a huge 11.4mm barrel build last week) beats the geopolitical risk premia (with the US poised to attack Iran). "Iran, rather than backing down and agreeing to all and any term [U.S. President Trump] is placing on the table (as he had expected), is instead daring him to attack. "Just you try it and you will see what you will get!" is kind of what Iran implicitly said...

Kristi Noem Says DHS Staffers Put Spyware On Her Phone And Laptop To Record Meetings Authored by Debra Heine via American Greatness, Department of Homeland Security (DHS) Secretary Kristi Noem revealed on Thursday that certain DHS staffers had allegedly installed spyware on her phone and computer, as well as on devices belonging to other political appointees. “You wouldn’t even believe what I’ve found since I’ve been in this department,” Noem told conservative podcaster Patrick Bet-David . Noem said she discovered the spyware last year with the assistance of former DOGE chief Elon Musk...

Iran Threatens Region-Wide Infrastructure 'Obliteration' As Trump's 48-Hour Ultimatum Ticks Down, Mass Casualties In Southern Israel Summary Iran vows regional and US infrastructure will be "irreversibly destroyed" in response to Trump's 48-hour timeline to open Hormuz or else Iranian power plants will be obliterated. Iran announces imposition a $2 million transit fee on 'non-enemy' ships wishing to transit strait. Unprecedented damage and many dozens of casualties in Israel's south after tit-for-tat strikes on areas with nuclear plants. Reports of US prepping diplomatic offramp plan but Iran says expanding war has effectively shut the door; Bessent says "50 days" of...