fbpx

Month: August 2021

AMERICAN PRESTIGE LEFT STRANDED IN AFGHANISTAN

In the 50 years since Richard Nixon officially severed the dollar’s link to gold, many have claimed that the greenback’s strength rests primarily on America’s unchallenged power and prestige around the world. As the situation in Afghanistan moves from embarrassment to tragedy, we are witnessing the rapid evaporation of the remnants of American prestige. These …

AMERICAN PRESTIGE LEFT STRANDED IN AFGHANISTAN Read More »

Stimulus Even Harder to Exit Than Afghanistan – Ep 725

Markets spooked by CNBC interview with Boston Fed President. Higher inflation leads to more poverty and a wider wealth gap. Food stamps are really money stamps. Media campaigns to soften up the public to inflation. Stimulus postponed the pain for some, but it’s about to come due. Jerome Powell warns Americans to prepare for a …

Stimulus Even Harder to Exit Than Afghanistan – Ep 725 Read More »

BIDEN’S HOUSING GAMBIT

The “transitory” inflation swamping the country has stubbornly persisted into July. This week it was announced that producer prices posted a second straight 1% month-over-month increase, which brought the full year number to a record 7.8%. It was also reported that 12-month US export prices rose 17.2%, and nearly 22% if the rate of the …

BIDEN’S HOUSING GAMBIT Read More »

Larger Deficits Mean Higher Inflation – Ep 723

Gold reacts counterintuitively to inflation fears. Fed changes the definition of transitory inflation. Q2 Productivity numbers disappoint analysts. Biggest government expansion of the welfare state since the New Deal and Great Society. Elizabeth Warren wants to sick the IRS on the middle class. AMC tries to pump their stock as a crypto play. Bitcoin will …

Larger Deficits Mean Higher Inflation – Ep 723 Read More »

Markets Move on Fantasy, Ignore Reality – Ep 722

Wall Street trading on “garbage in, garbage out” algorithm. Another month, another record trade deficit. Moratorium on student loan payments extended. Eviction moratorium will send rent prices skyrocketing. Supreme Court says eviction moratorium is unconstitutional; Biden extends it anyway. AOC says we have a supply and demand problem. CNBC baits Lyft CEO for a Bitcoin …

Markets Move on Fantasy, Ignore Reality – Ep 722 Read More »