Exxon and Chevron posted record profits during the second quarter of 2022 as high commodity prices boost operations, and as the oil giants keep their spending in check. Chevron reported earnings of $11.62 billion during the three-month period, … Read more
Let us begin with this post from an individual over in the land of wallstreetbets who is bemoaning the fact his $340,000 trading account has been beaten down to $88,000 (a 75% drop) due to picking up such … Read more
An often asked question or concern I get from readers is ‘how do you protect yourself in an inflation or deflation environment?’ Let’s look at some examples of previous historic market crashes and then see how … Read more
In this week’s Live from the Vault, Andrew Maguire takes a closer look at the newly determined BRICS currency basket, assessing the likely price revaluation of its top three commodities: gold, silver, and oil. With … Read more
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
That ’70s Show In the wake of Friday’s soaring CPI print and Bank of America strategist Michael Hartnett’s latest note (“A Dire Outlook From Wall Street’s Biggest Bear”), it’s worth revisiting the ’70s bear market analogue he sketched out … Read more
Fed 50 vs. Fedoggy#4292 The Fed went 50bp. I will come back to this in a moment, but I need to set the scene properly. Back in 2020, I was expounding that “-isms” were soon going … Read more
There’s a new Zoltan Pozsar of Credit Suisse report out… and he starts off by saying: …you can print money, but not oil to heat or wheat to eat. I’m so glad because this rather … Read more
As a long-time martial arts practitioner that trained with many active-duty military personnel, including Army Rangers, I learned of a saying that one must learn to be disciplined, yet flexible enough to adapt to changing … Read more