Treasury bonds creep higher to new post-Covid highs. Gold sellers are not Bitcoin buyers. Market has been buying Fed’s bluffs. Ferocious moves in gold ahead. Covid is incomparable to the tragedies of war. Biden takes a stake to the heart of capitalism. The middle class was created by capitalism and destroyed by government.
Biden’s Plan Will Weaken Economy & Lessen Opportunity – Ep 673 Read More »
Markets rally as the rotation to value and dividend stocks continues. Treasury yields slip. Big moves in oil and dollar. Gold and silver take a hit. Unemployment and trade deficit numbers dangerously high. Powell’s tool will turn the economy from recession into a depression. FOMC looking to advance a political agenda. Infrastructure spending is not
Inflation: Fed Won’t Pick a Fight It Can’t Win – Ep 672 Read More »
Recently, a piece of collage art entitled “Everydays: The First 5000 Days,” by an artist known as Beeple, sold at a Christie’s auction for $69 million. The Wall Street Journal noted that the price was higher than any that has ever been paid for works of Frida Kahlo, Paul Gaugin, or Salvador Dali. But, before the auction, few outside
YOU WANNA BUY A BRIDGE? Read More »
Stock market down on anniversary of 2020 crash. Biden readies $4 Trillion more in stimulus before the ink dries on the last round of checks. Krugman back with more Keynesian nonsense. Virtual Fifth Avenue is not valuable when you can have infinite New York Cities. Affirmative Action is condescending to African Americans. Massive racial hate
When Krugman Talks, Don’t Listen – 671 Read More »
St. Patrick’s Day green turns into a sea of red. CPI is another government lie. Markets worried the Fed will fight inflation. Gold mining stocks strengthen. Tensions rise as China puts Biden administration in a PR box. The same problems are now playing out on a bigger stage.
Markets Are Not Buying What the Fed Is Selling – 670 Read More »
Markets rally as Fed continues its game of chicken. Jerome Powell gambling that this time things will be different. Gold and silver up. Dollar down. Bank of America agrees, Bitcoin is just for gambling. Morgan Stanley allows restricted crypto speculating to high net worth investors.
Fed Turns Screens Green for St Patrick’s Day – Ep 669 Read More »
Dow breaks its streak of seven day record highs. Import and export prices rise. Home building prices rise. Expansive tax hikes coming on income. NFT mania moves to virtual sneakers. I lost $4,000 HODLing my tweet.
Anchors Aweigh. Adrift in a Sea of Inflation – Ep 668 Read More »
Investors starting to adopt my thesis. Money doesn’t create purchasing power. Biden’s stimulus is just a down payment. Massive loopholes will be exploited. Artists and athletes like Beeple and Gronk are ripping off their fans.
Fed Playing Chicken with Bond Market – Ep 667 Read More »
NASDAQ enters into a correction. Cathy Wood buys overpriced momentum stocks. The madness of crowds has reached an all-time high. NFTs are for rookies. Tweets for sale!
Peak Insanity – Ep 666 Read More »
Oil prices surge to two year highs. Restaurants being allowed to reopen is not employment strength. Jerome Powell spooks the markets with his false sense of confidence. Bitcoin trading like a NASDAQ stock with no earnings.
Fed Between a Rock and a Hard Place – Ep 665 Read More »