Another day. Another sucker punch. And another guess about the dumbest investment you can make. USA Today: President Donald Trump on Wednesday imposed 25% tariffs on imported automobiles, barreling forward with a whiplash economic strategy that has rattled markets and ignited a global trade war. Trump detailed the tariffs, which will start at 2.5% and […]
The Dumbest Investment in the World
‘One thing I like about Argentina. They cook with salt. That’s it.’ —Robert Duvall Well, you never know, do you? Recall that the Argentines introduced a “century bond’ in 2017. At the time, we were not alone in considering it the ‘dumbest investment in the world.’ Who would lend the Argentines money for 100 years, […]
Captain Confusion
The first 100 days of a new administration are said to be the most important. That is when the new team has the most momentum and enjoys most support. People expect change…and want to see what happens. So, with more than two-thirds of Trump’s first hundred days already digested, it might not be too early […]
Fools Rush In
In the news yesterday, Cryptopolitan: ‘President Donald Trump is now backing off plans to announce new industry-specific tariffs on April 2, according to a Monday report from the Wall Street Journal, which said the White House is still moving forward with reciprocal tariffs, but is now leaving out the broader measures on automobiles, pharmaceuticals, and […]
Food for Thought
‘Whenever there are great strains or changes in the economic system, it tends to generate crackpot theories.’ David Stockman Once again, we are witness to an epic battle. Like David Stockman’s historic showdown in the early ‘80s. Economics vs. Politics. Economics wants stable money, honest interest rates, balanced budgets, and a smaller federal government. Politics […]
Good as Gold
The Golden Rule: He who has the gold makes the rules. But gold doesn’t stay in one pocket forever. It moves. Then, someone else makes the rules. In the news, Reuters: ‘Gold climbed to an all-time high on Thursday as the U.S. Federal Reserve signaled two possible interest rate cuts this year, adding to the […]
Now You See Me…
‘Do you believe, like I believe, in magic?’ Lovin’ Spoonful Poor Elon. He deserves some sort of prize. He is both the brightest…and the dimmest…person ever to sully his hands in national politics. His SpaceX played a vital role in bringing astronauts back to earth. Millions of people rely on his Starlink system for their […]
The Landfill of History
Yesterday came more evidence that you can’t protect your way to success. From the news wires: ‘China’s energy and auto giant BYD has announced an ultra fast EV charging system that it says is nearly as quick as a fill up at the pumps. BYD, China’s largest EV maker, said Monday that its flash-chargers can […]
Let’s Not Make a Deal
‘To all Houthi terrorists, YOUR TIME IS UP, AND YOUR ATTACKS MUST STOP, STARTING TODAY. IF THEY DON’T, HELL WILL RAIN DOWN UPON YOU LIKE NOTHING YOU HAVE EVER SEEN BEFORE!’ Donald Trump The Houthis have seen a lot. Whether they will be cowed as easily as America’s university students, we don’t know. But when […]
Real Money Tells the Tale
First, the latest news. As expected, Democrats and Republicans colluded to go deeper in debt! Senator Schumer (on why he went along with the Republicans’ continuing resolution): ‘If we go into a shutdown, and I told my caucus this, there’s no off-ramp… They could keep us in a shutdown for months and months and months.’ […]
