This may sound crazy, but hear me out… It could be time to start looking into gas and oil stocks. I know, I know. I’ve been writing about how the Biden administration has put us on a burn the ships path to green energy while putting the fossil fuel industry out of business. And that …
The Unavoidable Fossil Fuel Boom (Yes… It’s Coming) Read More »
It was a really awkward political display. On Tuesday this week, the Biden administration threw what they called an “Inflation Reduction Party” to celebrate the passage of their most recent spending bill legislative victory — the Inflation Reduction Act. I ran through the bill briefly here. Everyone was there. James Taylor even kicked the event …
California is nuts… On Aug. 25, the California Air Resources Board voted to ban the sale of gas-powered cars entirely by 2035… And it appears to be contagious… New York, Massachusetts, Vermont, Maine, Pennsylvania, Connecticut, Rhode Island, Washington, Oregon, New Jersey, Maryland, Delaware, Colorado, Minnesota, Nevada, Virginia, and New Mexico have all chosen to opt …
Ladieeeeeeeees and gentlemen… Welcome to the no-holds-barred, smackdown cage match for the undisputed heavyweight championship of the US economy. In the blue corner, please welcome the challenger… He hails from Washington DC by way of Georgetown law school. Weighing in at 98 pounds soaking wet, he sports a reach across the entire US banking system. …
We’ve been talking a lot about inflation these past weeks and months. So much so I kind of feel like the dead horse I’ve been beating is about to get up and walk away. But this nasty bout of inflation has been a fact of life — and very real. One that’s impossible to ignore. …
Let the celebrations begin… Who woulda thought that one economic report could flip the entire economic landscape on its head. But it happened. This week CPI headline inflation was reported at 8.5% year-over-year — down from last month’s 9.1% print and below analysts estimates — and suddenly this… The Nasdaq Composite index — an index …
Sizing Up Inflation: Four (Obvious) Reasons the Celebration Is Premature Read More »
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 »
