fbpx

Commentaries

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 »

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 »

YOU WANNA BUY A BRIDGE?

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 »

Springtime for GameStop

The central idea in the classic Mel Brooks comedy “The Producers” is that unscrupulous Broadway impresarios could succeed fabulously by creating a play so uniquely awful that it would close on its first day.  Their idea was to oversubscribe shares to investors, to the point where hundreds of percentages of ownership could be claimed. But …

Springtime for GameStop Read More »

With Heroes Like This, Who Needs Villains?

According to Owen Ullmann in an op-ed published by USA Today, there are some unsung “heroes” in the battle against the coronavirus pandemic – the brave and courageous bankers at the Federal Reserve. I think Ulmann misspelled “villains.” Ulmann writes that the Fed “has taken extraordinary steps to prevent the global economy from crashing into …

With Heroes Like This, Who Needs Villains? Read More »