A U.S. economy that has weathered a year of trade, immigration and other shocks now faces a new test likely to ratchet up uncertainty after President Donald Trump’s decision to launch open-ended attacks against Iran with ​the stated goal of toppling the Middle Eastern country’s long-ruling Islamist government. Source: reuters.com

JPMorgan Chase & Co. Chief Executive Officer Jamie Dimon warned that inflation could become a “skunk at a party” for the US economy. Source: bloomberg.com

Claims Fiscal Stimulus Will Solve Every Problem With No Downsides Source: richardkatz.substack.com

“One problem I have with cost-of-war calculations is that they really do ignore the counterfactual,” the Wharton Budget Model’s Kent Smetters told Fortune. Source: fortune.com

Oil prices leaped Monday on worries that war with Iran could clog the global flow of crude and make inflation even worse. U.S. stocks, meanwhile, swung from sharp losses to a tiny gain. Source: pbs.org

JPMorgan Chase & Co. Chief Executive Officer Jamie Dimon cautioned that there’s more optimism in the market than there should be given all the risks — such as conflict in the Middle East — that have cropped up. Source: bloomberg.com