Category: US
Americans Are Losing the Only Fight Worth Having
Like every other government programme, military spending is maybe one part real defence and three parts humbug and bamboozle…
War Is the Health of The Deep State
War is the ultimate win-lose enterprise. One side wins; the other loses. Overall, people die, buildings are blown up, and real wealth is destroyed.
The Extinction of the Fiscal Conservative
The Democrats were early adopters of the ‘deficits don’t matter’ flapdoodle. Once in power, Republicans found it useful, too.
The American Bolsheviks Are Coming…
Politics is the enemy of civilisation. It is the enemy, too, of economic progress. Most important, it is the enemy of dignity and clear thinking.
How Hot Money Put America in Hot Water
Hot money is only useful for speculators. They can use it to take leveraged positions in stocks and bonds — where they know they can unload them and get out at a moment’s notice.
The Real Source of Wealth Inequality…
Buying stocks or houses may have been a good plan for 1982. And maybe even 2002. But for 2019? Is the pattern of the last 30 years likely to continue?
How $30 Trillion Disappears…
Wall Street and Main Street haven’t seen eye to eye for a long time. Now, they practically no longer talk to each other. Here’s why.
What the Mainstream Isn’t Telling You…
In investment, there is a tendency to think that the future is linear, that things won’t change. But, as the saying goes, the only thing constant in life is change. And change is coming.
What Comes from Disrespecting Mr Market
How does Fed policy really connect to the real world of time, money, work, profits, innovation, forbearance, and all the other things that produce real wealth?
Stocks Have a Rendezvous with Destiny
Stocks couldn’t decide where to go yesterday. Up? Down? So, they went nowhere. Nowhere is about as good as it gets in this market.
The Most Important Ratio in All of Investing
If Mr Trump is right, Americans no longer want free trade; they want protection from it. And if the Democrats are right, they want protection from free enterprise, too.
The Tide of Fear Is Approaching
The risk of a crash is impossible to calculate precisely or reliably. But for what it is worth, our indicators are flashing red.
Win-Lose World
Retail sales are headed down. GDP growth. Industrial production. Hours worked. New hires. Manufacturing new orders. Construction spending. All down…
Our Crash Alert Flag Is Still Flying
Naturally, the foreigners are learning not to trust US suppliers…and are looking for essential inputs elsewhere. Win-lose again…with little chance that the US will be a winner.
Trump Missed His Chance to Make America Great Again
Trump, many believe, is the Messiah. He will wipe away every tear. Mourning, crying, and pain will be no more. He will deliver us from evil, they think.