Latest
Gold’s Surprise Rally Shows Sellers Are Exhausted – Ep 748
Press knows Biden doesn’t have the aptitude to even answer softball questions. Record high stock market eyes blue skies ahead. As Peloton bikes become overpriced clothes racks, Peloton stock becomes dirty laundry. Gold may end up being the pin that pricks the Bitcoin bubble. The IRS tricked the middle class.
Fed Finally Launches the Taper, Now What? – Ep 747
Markets blessed Fed’s decision to begin tapering. Jerome Powell says economy is healthy, but requires monetary policy of an economy in crisis. Full employment is subjective and rarely achieved. Powellnomics: It’s inappropriate to have interest rates above 0% in an economy that’s not at 100% employment. Fed knows the economy
Shiba Inu Highlights Bitcoin’s Lack of Scarcity – Ep 746
Nasdaq and S&P finish the week strong. Robinhood closes the week near its all time low. Newmont leads gold mining stocks lower. Gold mines don’t lose missed earnings, they postpone them. Crypto ships will rise and sink on the same tide of fear and greed. Inflation is driving up labor
Markets Can’t Ignore Exploding Trade Deficits Forever – Ep 745
US dollar would tank if traders understood implications of economic data. Trade deficit continues to break records month after month. Strong economies have trade surpluses; we have a bubble economy. We’re only consuming and importing because we’re printing a currency the world still values. Massive trade deficits aren’t a problem
Irrational Exuberance on Steroids – Ep 744
Elon Musk needs a rocket ship to find Tesla’s PE. Bakkt Holdings rises on crypto partnership with MasterCard. Jack Dorsey warns of imminent hyperinflation. Stanley Druckenmiller doesn’t realize the Fed is the problem. When politicians aim their weapons at the billionaires, they always hit the middle class the hardest.
Written off for Dead, Gold Comes Back to Life – Ep 743
Netflix and Tesla stocks make all time highs. Trump SPAC makes a splash. Investors buying WeWork SPAC are putting lipstick on a pig. Gold price gains on inflation news, which means bigger gains may be around the corner. Oil price increases while oil production decreases. Inflation in 2022 will eclipse
Inflation Is Not the Price of Prosperity – Ep 742
Bonds are never a safe haven against inflation. Consumers can’t afford to buy houses for what it costs builders to construct them. Zillow bails on home flipping business. Biden describes inflation as a high class problem. US government now using Soviet propaganda tactics to explain inflation. Bitcoin futures ETF BITO
TRANSITORY PERMANENCE
The inflation that we were emphatically told would be transitory and unmoored continues to persist and entrench. As the troubles gather momentum Washington is doing its best to ignore the problem or actively make it worse. The latest batch of data shows that the Consumer Price Index rose 5.4% in
Soaring Inflation Suppresses Consumer Confidence – Ep 741
Markets turn risk on. Producer prices rise to levels not seen since peak inflation of the 1970s. Inflation is double the Fed’s benchmark now and will be triple by year end. Bitcoin rallies on ETF news, but will likely sell off on ETF launch. Putting profits first is putting people
Peter's Blog
HOW TRANSITORY IS TRANSITORY?
What exactly is “transitory?” You and your wife may disagree on its meaning when your old friend asks if he can stay with you while
INFLATION CRASHES THE PARTY
It’s dawning on many investors that our post-Covid financial problems may not be as easily solved as Washington claims. The latest clue that trouble is
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
