I hate to gloat but, screw it. I’m gloating. With every FOMC meeting this year, Jerome Powell has become more and more hawkish, but the denial of this still dominates the headlines. He raised the Fed Funds Rate to 4.5% last week, a level unthinkable to nearly everyone, including me, this time last year. I…
We live in exciting times. The unknown that lays ahead for all of us is both exhilarating and scary. Exhilarating in the long term, but rather scary in the short term. All empires eventually die and we’re in the terminal phase of the New World Order that will not recover from the Russian roulette game…
“President” Joe Biden described the US economy as, “Strong as hell,” in a recent sound bite. No one except his most ardent supporters, a vanishingly small number in reality, believes that. He and they point to statistics, “internals” in Biden-speaks, that point to why the US is better off than everyone else. Well, yes, we…
In my other role as a secret apologist for Russia and Vladimir Putin, I was contacted yesterday by Sputnik News to comment on the official US debt number surpassing $31 trillion. I’m always grateful for the opportunity to talk about these issues. I am, after all, a fiscal hawk extraordinaire,. At the same time, I’m…
Back in January I wrote a piece called, “Who’s Afraid of Jerome Powell?” Then I discussed the incipient wailing and gnashing of teeth coming from those terrified of a hawkish Fed. Our entire society has become so addicted to cheap dollars and easy credit that it created a “Ballers” mentality society wide. Ballers is all about…
“There is no spoon” — The Matrix“Ray, when someone asks you if you’re a god, you say YES!” — Ghostbusters After the July FOMC meeting the headlines were abuzz with this crazy notion that the Fed ‘pivoted’ off of tight monetary policy. They say these things because this is what they want. It’s the world…
