I think I’ve been too hard on the Fed and its Chairman Jay Powell. In past writings on “Fed-speak” and other related topics, I think I’ve made it seem like the Federal Reserve is a no good, lying, cheating, thieving criminal organization. They’re not. Those would be the banks on Wall Street. The Fed is …
This week in the world of economic reports we saw: Building permits (a proxy for future construction) dropped to their lowest level in nine months… Housing starts dropped to their lowest level in 14 months… The MBA Mortgage Market Index (a weekly report of mortgage applications of any kind) dropped to its lowest level since …
It’s gonna be game-on at the Fed in two weeks! With this week’s 9.1% headline CPI print, you just know they’re sweating bullets. In just a little over three months, the Fed has raised its fed funds target 150 basis points. And it would appear they haven’t put a dent in skyrocketing prices. So you …
One of the chief missions of this letter is to expose the shenanigans of Wall Street and the banking industry. And behind most of these shenanigans is none other than the Federal Reserve. The Fed is the private banking cartel in charge of the country’s monetary policy. The Treasury prints the currency, but the Fed …
The Fed’s Super-Secret Backdoor Free-Cash Giveaway Program Read More »
Apparently there’s something they don’t teach at Politician School: You can’t bend reality to fit your whims… That gaping hole in the curriculum has become more and more obvious as our political higher ups keep trying to repeal those pesky laws of market economics, especially where energy goes. For example… In “Profiteering 101” the only …
Refining the Truth: The Reality of Biden’s Latest War on Refiners Read More »
After the May FOMC meeting, when the Fed raised rates by 50 basis points, Chairman Jerome Powell said: “So 75 basis point increase is not something the committee is actively considering.” I explained that bit of “Fed-speak” meant… “75 bps is not on the table… until it’s on the table.” Looks like it’s on the …
FOMC Round Up: “The American Economy is Very Strong…” Read More »
About a year ago, in April 2021, the foodie website Epicurious made a bold announcement: “Today we announced that Epicurious is cutting out beef. It won’t appear in new Epi recipes, articles, newsletters, or on social. This isn’t a vendetta against cows or people who eat them. It’s a shift about sustainability; not anti-beef but …
The Original Green Lie: How Fake Science Put Us on a Path to Economic Crisis Read More »
Last week the US Census Bureau reported retail sales rose 8.2% in April. For the past year these numbers have been what you might term spectacular. And if you listen to the government squawking on the news, the economy is growing like wildfire. Look at the last year and you might be tempted to agree… …
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 »
