July 2021

Inflation creating illusion of economic growth. Oil prices go up, but energy stocks get beat up. Fed won’t wage a war on inflation, never mind win it. Robinhood steals from the poor and gives to a few rich hedge funds. Saylor’s Bitcoin comparisons are nonsense.

Trade deficit isn’t a problem until it’s a crisis. Home sales fall while home prices rise. Rent prices increased 25% year over year. Fed’s only monetary policy is talk. Markets may have begun calling the Fed’s bluff. Powell finally admits this inflation is permanent.

High roads don’t win votes. The road to hell is paved with good intentions and is wheelchair accessible. Bitcoin rallies on its slope of hope. China cracks down on private education.

Bitcoin gets skipped over in investors’ rush to safe havens. Gold mining stocks have never been a better deal. Fiscal stimulus without monetary stimulus is no longer possible. Bitcoin has a sucker’s rally after getting comfortable below $30k.

The power to inflate is the power to destroy. Fed ensures most Americans are living on the edge. Quantitative Easing is just another word for government debt monetization. We’re always just one bubble away from the next financial crisis. Government creates a moral hazard with every subsidy it gets involved in. Power is most dangerous

Government data says inflation worse than the 80s; real data says inflation already worse than the 70s. Hypocritical Republicans criticize Biden for the same policies they pushed for under Trump. Jerome Powell claims economy is great, but it needs the same amount of stimulus as when it was crashing. Fed claims to have the tools

Fed forced to admit that inflation will be higher and last longer than they predicted. June CPI numbers come in almost double Fed’s expectations. Highest monthly CPI increase in 13 years. Stock indexes are not a hedge against inflation. Producer costs are rising faster than consumer prices. Consumer prices are rising faster than wages. No

Oil prices break their winning streak. As stimulus runs out, Americans reach record high in consumer credit. ECB vows to increase cost of living for Europeans. Michael Saylor’s Bitcoin spin should fool no one.

Bitcoin and other risky assets being sold off. Investors flee to gold and other safe havens. Fed goes from thinking about thinking about tapering to talking about talking about it. Supply of starter homes at 50 year low. Buying Bitcoin is as risky as it’s ever been.