By Graham Summers, MBA Yesterday I outlined why the Fed can’t stop inflation. By quick way of review: 1) The U.S. has $31 trillion in debt. 2) The U.S. is already spending $305 billion in … Read more
Senator Elizabeth Warren and President Joe Biden claim that inflation[i] is caused by greedy corporations. And they propose to solve this problem by making the corporations pay. Whether it’s extracting a “windfall profits” tax, crushing them under … Read more
Zoltan Pozsar Warned Us In a post about a month ago (The Fed Isn’t Your Friend), we wrote about Zoltan Pozsar’s warning that the Fed’s helicopters were going to be dropping “financial” napalm on the … Read more
ASIA: The Japanese economy contracted in the first quarter, but at a slower pace than earlier estimated, the government data released last Wednesday showed. The world’s third-largest economy contracted at an annual rate of 0.5 per … Read more
Imagine this: you’re President Biden, you’ve been a career politician, your understanding of economics boils down to believing you can price fix oil prices, being on the political influencer dole, funded by China, through deals … Read more
I’ve said it before and will say it again – cryptocurrencies are not a safe investment. I know it is not a popular opinion; people have had success with trading. The problems with cryptocurrencies: (1) … Read more
The various handouts and moratoriums during the pandemic drove the personal savings rate down to World War II levels. Everything was closed – there weren’t many opportunities to spend. US consumers paid off a record … Read more
QUESTION: Marty, Socrates is worth its weight in something far more valuable than gold. I want to congratulate you for you are the ONLY adviser who nailed not just the cryptocurrency bloodbath, but that the dollar would rise … Read more
ASIA: Five global banks signed up as cornerstone members of the Alliance for Green Commercial Banks, a global green banking initiative established by the Hong Kong Monetary Authority (HKMA) and the World Bank’s International Finance … Read more
This market is ill and even in overnight trading when they try and prop the tape up when the peeps are sleeping, is FAILING! The overnight bulls rallied the /es up to 3806 before sellers … Read more