I borrowed the title of this article from the 1970 movie of the same name. (I’ll tell you why in a second.) It was the story of the time leading up to the Japanese attack on Pearl Harbor on December 7, 1941. The word “tora” literally translates to tiger, but the phrase was used as …
In last week’s issue, we took a slightly deeper dive into what I believe will be one of the top investment trends in 2022 — the metaverse… That virtual world where people can socialize, work, and play. If you want all the details, you can read the issue here. There’s no question in my mind …
Meta’s Mega-Meltdown and Other Big News From the Metaverse Read More »
A picture says a thousand words… S&P 500 From the high in early January to the low this past Monday, the market has given up nearly 12.5%. The NASDAQ looks even worse… NASDAQ Composite That’s a 19.3% drop from its high in November. This week alone has been one of the craziest I can recall. …
He arrived on our shores in 1903 with “$2.50 in cash and $1 million in hopes…” He was the quintessential American success story… Rags to riches. Zero to hero. I am, of course, referring to financial wizard… Charles Ponzi. (Hear me out…) In the summer of 1919, after enduring multiple “business” failures, Ponzi discovered “international …
Out of the 2008 financial crisis came a new (and slightly unsettling) phrase that referred to the biggest of the big financial institutions in the world. (It was also the title of a really great movie…) The implication was that TBTF banks were so big, so asset heavy, so woven into the fabric of the …
It’s been dubbed the new gold. The ultimate inflation hedge. The monetary system of the future. You know it. You love it… Bitcoin. But is it really all that? Is bitcoin really the protector of your rapidly-devaluing dollars at the hands of our evil central banks? And if not, then what is it? You might …
Absent Omicron (or some other Greek letter variant) crushing the world and causing another panic lockdown or some other equally market-shaking cataclysm that would green light the Fed to keep its price supports in place — the Fed has done its utmost to prepare the market for the worst. No more free money. It’s hard. …
The big day came and went this past Wednesday. Federal Reserve Chairman Jerome Powell stepped up to the mic and officially announced the shift in policy by the all-important Federal Open Market Committee (FOMC). They were doubling the rate of their taper — to be finished roughly by March. And then they would be looking …
Any eighth grade economics text book will tell you there are three ways to deal with an overspending problem by the government: Increase taxes. (aka Career suicide for politicians. Cut spending. (Also career suicide for politicians.) Borrow money. (The irresponsible yet painless solution.) Our government has been taking the irresponsible yet painless way out for …
Dealing With the Government’s Deranged Debt Addiction Read More »
We have a winner! In a bit of a nail biter, current heavyweight Fed Chairman Jerome Powell faced off against chairmanship challenger and Fed Board Member Lael Brainard. Chairman Powell has shown himself to be more hawkish when it comes to inflation — or at least more willing to sound like a hawk. (There hasn’t …
