· Dow has best October in its history. · Rotation continues from growth to value stocks. · Market is priced for perfection with anything but
Podcast: Download
· Interest rates are the Achilles’ heel of this bubble economy. · Shelter costs are going up, even if housing prices are going down. ·
Podcast: Download
Markets rally on news of Merck Covid pill. Drug efficacy should be left to the market, not the government. FDA sacrifices human beings like lab
Podcast: Download
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
Podcast: Download
Powell offers no clues on taper timetable. Powell vows to keep interest rates low until QE is finished. Powel blames price increases on exploding demand
Podcast: Download
Fed will talk about tapering until it can use Delta as an excuse not to. Bitcoin is irrelevant to monetary policy. Accepting Bitcoin for mortgage
Podcast: Download
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
Podcast: Download
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
Podcast: Download
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
Podcast: Download
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
Podcast: Download
