The Bells of August
One day, when the Dow/Gold ratio falls to 5, stocks will be a bargain again. Then, investors will be disgusted by stocks, not enchanted by them. That’s the dip we want to buy.
Groundrush
Groundrush
We humans fall off the ledge the day we are born. And every bubble. Every human life. Every empire. And every paper currency ends the same way.
Trade Under the Big Top
Trade Under the Big Top
Saying is one thing. Doing is another. A trade deal, procured under duress, is not likely to be more valuable than intel gotten by torture.
Public Fraud
Public Fraud
With Trump as fund manager, it will be invested in the most promising and critical industries. It will rebuild industry, create good-paying jobs, and keep us from being an industrial backwater.
As Good as it Gets
As Good as it Gets
If there is a crash, you can count on the Fed to lower interest rates. It is still committed to backing the Wall Street party, by putting more gin in the punch bowl when necessary.
Make the Foreigners Pay
Make the Foreigners Pay
With the tariffs, the Trump team is retesting the notion that central planning can do a better job of making trade decisions than individual buyers and sellers with skin in the game.
Cooked Like a Burger
Cooked Like a Burger
Every group is entitled to its own fantasies…its vanities and its lunacies. They are condensed in slogan form, easy for the masses to remember.
Smooth Sailing
Smooth Sailing
We see what is, not what could be, or ought to be, or will be. A man takes a vacation to Milan, and misses the sights in Paris.
Day of Reckoning
Day of Reckoning
Even in a consensual democracy, the yoke of a police state never entirely disappears, but it is light…and controlled by accepted rules. We all drive on the right…and get where we are going.
The Promised Land
The Promised Land
POTUS seems to be making good on whatever promises he made in exchange. He keeps sending US weapons and money to Israel. But his ‘base’ is becoming uncomfortable.
