The Fed is injecting money into the system as part of its ‘reserve management’ programme; it began this week with $7.5 billion.
The feds had their funny money; they weren’t going to give it up. And they weren’t going to back off from any of their boondoggle spending.
Warren Buffett says you can never go right by betting against US business. But guess what? So far this century, that bet has been a winner.
Too much inflation and price instability becomes unmanageable. It feeds on itself to erode economic confidence.
The good news is that if inflation is what they want, inflation is what they’ll get. But not necessarily the tame, friendly, housebroken inflation they are hoping for.
We are in an Inflate-or-Die trap now — more debt, more phoney prices, and more fake money.
The end of the stock market boom is unpredictable. But each passing day brings us a day closer to when it will crash and burn.
Today, the cash buyer is rare. The auto dealers — who make most of their money from financing cars, not from selling them — scarcely give him the time of day.
The US working stiff is in many ways worse off than he was in the 1970s. e spends twice as much time to put a roof over his head and wheels under his feet.
Today we turn back to our grim work…connecting the dots…trying to figure out what is really going on.
We are explaining our money system to our grandson, James, now 14 months old… His mother tries to get him to go to bed at 9 p.m. But the little … Read More
They say they don’t ring a bell at the top of a bull market…but we hear something ringing.
If you’ve actively invested in certain assets at scale, you’ve seen mammoth growth in your wealth. If you haven’t, you might be struggling.
The Deep State, along with its hangers-on, profiteers, and enablers, has goals of its own. It wants more power and wealth for itself.