Political theater plays out over the debt ceiling. US was biggest gainer from low interest rates, but will be biggest losers when rates are high. IRS continues its attack on lower and middle income Americans. Getting into bed with the government will get you screwed. Cost of having a bank account will get more expensive. […]
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Powell Sings a Different Tune – Ep 736 Read More »
Fed has become an arm of the US Treasury. Powell admits inflation problem is bigger and worse than he predicted. Investors rush back into energy stocks. Natural gas prices hit multi-year high. Taper trades are in; markets moving back into the inflation trade. Janet Yellen would be fired and sued if she managed a private
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Inflation Talk Tanks Markets – Ep 735 Read More »
Less dovish is not hawkish. Mother of all bear markets in bonds may have just begun. Republicans only care about deficits and spending when Democrats are in charge. Plans for minting $1 trillion platinum coin would officially make the U.S. a banana republic. Increase in home inventory could lead to decrease in home prices. Standard
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Taper Already Priced In. Now What? – Ep 734 Read More »
Fed says the economy is great, but they will maintain the emergency policies they put in place when the economy was terrible. Fed will always choose to fight unemployment over #inflation. Fed turns blind eye to inflation because the alternative is a complete economic implosion. Fed’s policies disproportionately hurt African Americans. Republicans only care about
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The Fed That Cried Taper – Ep 733 Read More »
China won’t let Evergrande be the next Lehman Brothers. Fed took us 1 step forward and 100 steps back. Higher retail sales doesn’t mean consumers are buying more. Americans are least likely to buy a new car since 1974. Sweden sets successful example for dealing with Covid. America is worse off for invading Iraq. https://media.blubrry.com/schiffradio/dts.podtrac.com/redirect.mp3/api.podcache.net/episodes/5941963a-965b-456b-a682-beb4b61e8c2d/stream.mp3Podcast:
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Paying More, but Buying Less – Ep 732 Read More »
Take the CPI numbers with a grain of salt. The CPI will catch up to the PPI. Fed’s new definition of transitory means a permanent reduction in standard of living. The problem isn’t a shortage of stuff, it’s an excess of money. Inflation is always and everywhere a monetary phenomenon. Consumers are expecting higher prices.
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When There’s Too Much Money, There’s Never Enough Stuff – Ep 731 Read More »
Producer Price Index numbers come in higher than expected for 9th month in a row. Inflation trends show no sign of being transitory. When you properly define inflation, you know exactly who’s causing it. Bitcoin whales want the minnow’s cash. There are more job openings than unemployed people. Left shows its true colors after hate
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Government Is Consistent; It Always Lies – Ep 730 Read More »
Grover Cleveland was really a libertarian and one of our greatest presidents. The populist movement lead to Labor Day and ultimately in 1913 to the The Federal Income tax, The Federal Reserve, and the popular election of U.S. Senators. The Woodrow Wilson presidency proved to be a disaster for America. Washington incumbents have rigged the
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Let’s Replace Labor Day With Entrepreneur Day – Ep 729 Read More »
Jobs numbers disappoint expectations, but Biden brags. Inflation expectations highest since just before 2008 financial crisis. AOC pressures Biden to nominate a more woke Fed chair. Fed causing a lack of savings, which pushes up asset prices and makes the rich richer. Gold prices calling Fed’s bluff on tightening. If Bitcoin is better than gold,
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Summer Data Swoon Puts Fall Taper in Doubt – Ep 728 Read More »
