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 »
August 5, 2022 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. …
July 22, 2022 This week in the world of economic reports we saw: What do they all mean? On the surface, it would appear that housing prices are approaching a blow-off to the upside, while rising interest rates are starting to cool the rest of the real estate market. Does it have a deeper meaning? …
July 15, 2022 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 …
July 8, 2022 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, …
The Fed’s Super-Secret Backdoor Free-Cash Giveaway Program Read More »
June 24, 2022 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 …
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 »
