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Washington Goes Full Orwellian
An audacious communications campaign from Democrats in Washington is currently underway that is attempting to convince the public that: There is no recession Inflation has …
The Fed Girds for Battle
It’s the Fed’s “hold my beer” moment. After more than a year in which Federal Reserve leadership appeared clueless, pollyannish, and indecisive, the Fed is …
The Year of Living Dangerously
2021 is now in the rear-view mirror and I believe that future financial historians may regard it as the year of peak speculation. While the …
Transitory Permanence
The inflation that we were emphatically told would be transitory and unmoored continues to persist and entrench. As the troubles gather momentum Washington is doing …
How Transitory is Transitory?
What exactly is “transitory?” You and your wife may disagree on its meaning when your old friend asks if he can stay with you while …
Inflation Crashes the Party
It’s dawning on many investors that our post-Covid financial problems may not be as easily solved as Washington claims. The latest clue that trouble is …
You Wanna Buy a Bridge?
Recently, a piece of collage art entitled “Everydays: The First 5000 Days,” by an artist known as Beeple, sold at a Christie’s auction for $69 million. The Wall Street …
Springtime for GameStop
The central idea in the classic Mel Brooks comedy “The Producers” is that unscrupulous Broadway impresarios could succeed fabulously by creating a play so uniquely …
The Best of Times During the Worst of Times
While most people generally understand that the stock market and the economy do not move in lock step, there is still an underlying belief that …
A Black Swan With Teeth
For years I have been warning that during the age of permanent stimulus (which began in earnest with the Federal Reserve’s reaction to the dotcom …
World War II Was Fought With Savings Not Debt
While the country and the stock markets reel from the impact of the Coronavirus, many economists and politicians are calling for the government to fight …
The Problem Is the Bubble, Not the Pin
With the markets shell shocked by one of the worst weeks on record, analysts are split on whether investors are simply overreacting to the coronavirus …
Clash of the Titans
In the decades that I have been listening to politicians clumsily trying to explain the economy there has never been a period, with the possible …
This Is Not a Printing Press
Rene Magritte’s 1929 painting “The Treachery of Images,” depicts a tobacco pipe with a caption that reads “Ceci n’est pas une pipe,” (French for “This …
Baghdad Donald
For Donald Trump, it seems that these are the best of times except that they are the worst of times. How else to explain his …
Trump Kills The Tea Party
After claiming to be the greatest at just about everything, Donald Trump has finally found an area where he can stake a credible claim. By …
Laffer Gets Laughable
While the willingness to abandon long held beliefs for political gain has always been a common trait among public figures, the spectacle has recently taken …
The Fed Stops Pretending
Well, it didn’t take much and it didn’t take long. After years of delays, a tentative start, many cautious pauses along the way, and a …
Trump’s Last Stand
General George Custer met his doom charging into a battle he thought he could win, against an opponent he did not understand. Based on his …
Growth That’s Bought but Not Paid For
Very clear warning signs are now flashing that the U.S. economy could be heading for trouble and that the longest expansion in recent memory may …
Democrats’ Children’s Crusade Sets Up 2020 Election
Over the years, I have always thought that the left’s obsession with global warming was really just an excuse to push through a fully socialist …
The Hawks Surrender
They say that there are no atheists in fox holes. Recently it has also become clear there are no monetary hawks in bear markets. For …
The Stock Market Economy
Currently, some market watchers have begun to openly question whether the bull market in stocks has finally come to an end. They certainly have cause …
The Branded Economy
Last week Donald Trump, in his own estimation, succeeded in replacing what he claimed to be the “worst trade deal in history” with what he …
