A Backwards History of Money

Supreme Court Tariff "Bomb"? Fears Of A $200 Billion Refund Shock Are Overdone Authored by Daniel Lacalle, The market consensus reaction to the Supreme Court ruling on the Liberation Day tariffs exaggerates the negatives and ignores the options of the Trump administration. Markets are overreacting to headlines about a $175–200 billion tariff refund financial hole. However, the Supreme Court ruling opens a long, narrow, and manageable process, not an imminent fiscal crisis. In the days after the Supreme Court struck down the Trump Liberation Day tariffs, many sell-side analysts turned a complex legal...

This past week was what many Christians regard as Holy Week, starting with celebration of Jesus Christ’s Last Supper on Holy Thursday; mourning Christ’s crucifixion and death on Good Friday; continuing with prayer and church services on Holy Saturday; and concluding with the glory of Christ’s resurrection on Easter Sunday. Here in Washington things were […]

Trump On Iran Halting Talks: "We'll Keep Blockade" - Signals Tehran Can't Outlast US Summary Iran announces halt to all exchanges with US, citing Israeli aggression in Lebanon. Trump says 'haven't heard' this from Tehran, vows to keep US naval blockade in place. Iran overnight initiated fresh attacks on neighboring Kuwait and even released video showing footage of a ballistic missile launch. The US bombed radar & drone sites in Iran in response to the Iranians having shot down a US drone over the weekend. Reports of foreign jets over Iranian airspace. Iran negotiator Ghalibaf charges...