Jack Dorsey’s Square acquires Afterpay in largest corporate takeover in Australian history. Activision discriminates against Republicans, not women. Black Women’s Equal Pay Day is based on nonsense. Gender pay gap in women’s soccer is a result of their own choices.
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.
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 he “Sorts things out.” The term is virtually worthless without some guiding context, as in “Honey, he’ll be out of here by Monday. Tuesday the
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
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
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