There’s an old adage known as Hanlon’s Razor which says: “Never attribute to malice that which can be adequately explained by stupidity.” That would explain a lot where our government goes. No matter what choices are open to it, you can almost always count on them to make the wrong ones. But stupidity only goes …
The Blame Game: How Washington is Failing in the Face of Inflation Read More »
When it comes to headlines containing the phrase “Florida Man,” they’re usually about said man being arrested for swinging an alligator around by its tail while sporting a blood alcohol level that would kill most people. Or something along those lines. But this week something different happened… “I’ve got a serious situation here,” the Cessna …
Cool Under Pressure: Florida Man Saves Day (A Lesson for the Fed) Read More »
Last week, in your May issue of Streetlight Confidential, I wrote about an under-the-radar opportunity in this current bear market that I believe could have explosive upside potential… A micro-cap company called Vision Marine Technologies, Inc. (VMAR) This week I want to share some additional information on the company. It’s a special interview my partner …
Just yesterday Federal Reserve Chairman Jerome Powell sealed the deal on a 50-basis point rate hike at the committee’s May meeting. His comments sent stocks on a 45-degree slide lower for the rest of the day but did little real damage to the markets. They’ve been soft-peddling this rate hike (and the ones that are …
Believing Their Own Spin: How the Fed’s Wage-Price Myth Will Tank the US Economy Read More »
It seems like these days we just bounce from one distraction to the next. The war between Russia and Ukraine was momentarily bumped from the headlines when another battle broke out… Scrolling through Thursday morning’s news, the headlines screamed from every source. There was: CNBC chimed in… The Wall Street Journal had an interesting lead …
In 1519 as Spanish Conquistador Hernán Cortéz prepared to launch an invasion into Aztec territory, he turned to his men and ordered them to burn their ships. (So the story goes.) Whether or not he burned them or sank them or just scuttled them on rocks near the shore, isn’t important. What was important was …
Biden’s “Burn the Ships” Attitude on Green Energy Promises Energy Inflation for Years Read More »
The median projection for the appropriate level of the federal funds rate is 1.9 percent at the end of this year, a full percentage point higher than projected in December. Over the following two years, the median projection is 2.8 percent, somewhat higher than the median estimate of its longer-run value. Of course, these projections …
The Fed Does The Minimum To Fix A Problem It Can’t Fix Read More »
And now they’re coming for your kids! In a bold demonstration of their willingness to play the reeeeally long game, the Biden administration has reached out to TikTok “influencers” — teenagers who command the attention of millions of other teenagers by doing goofy, teenage stuff — to inform their followers that the price of gas, …
Doubling Down on Stupid: Economic Warnings Already Coming to Pass Read More »
As the old political saying goes… “Never let a crisis go to waste.” I’m beginning to think the corollary to that adage is, “Whenever possible, start a new one.” This week, President Biden, in further retaliation for their aggression in Ukraine, suspended all Russian oil imports. Naturally oil prices spiked on the news. In truth, …
Biden’s War on Oil: The Truth Behind the Great “9,000 Permit” Lie Read More »
The only news worth talking about this week has been out of Eastern Europe. On Thursday morning, Russia invaded Ukraine. The attack, while not unexpected, sent markets into overdrive. Markets hate uncertainty. Wars always bring uncertainty. But this action on the part of Vladimir Putin is creating more uncertainty than simply the outcome of this …
