Not Without My Shah, Green Eyed Monster, Fed Up

Reza Pahlavi is packing his toothbrush again. As protests grow in Iran, the exiled Crown Prince has been popping up for media appearances, from his home in the Maryland suburbs near DC.

As we enter yet another cycle of Persian proto-revolution, we’re saying he shouldn’t count those air miles just yet.

Meanwhile, Donald Trump says that Greenland’s defences are two dogs and a sled. Handy, because America has three dogs and two sleds.

The Danes have been humiliated already – but can anything useful still come from the biggest gorilla in the room turning on his kin? We'll be watching, as Nato slides into the mid-Atlantic.

Finally, when Jerome Powell is putting out hostage-style video statements, you may have squeezed the Fed too hard. Or have you? Whatever the details of the present spat, is there still a place for independent central banking in the Western model?

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