Jerome Powell and his fellow Fed heads are hunkered down for their big meeting today and tomorrow. The Fed has to decide what to do.
The Liberal World Order
The US media is privately owned. But it acts as an arm of the US government…which is an arm of the Entire Elite Establishment (EEE, aka the ‘liberal world order’).
$10-a-Gallon Gasoline?
The US can stand a lot of things. Cheating politicians. Goofball wars. Incompetence. Money printing. Market rigging. Facebook. Can it stand US$10-a-gallon gasoline too?
Reckoning Today from San Martin, Argentina…
Like bombs and missiles, sanctions — supposedly ‘precision targeted’ — tend to blow up more than they were aiming for. Today, we look at some of the body parts littering the ground…including the cheapest stocks in the world.
The ‘R’ Word
The US is attacking the three key elements of modern prosperity all at once — energy, money, and trust
Freedom Roulette
When an empire passes its prime, it still steps up to the plate like a star slugger…but history serves up sucker pitches. Thrice this century, the American deciders have swung so hard they ended up on the ground. Now, they take another swing. The madness grew over the weekend. CNN reported that ‘The Russian Tea […]
Spheres of Influence
We left you yesterday wondering: Are we entering a New Era, where energy will be hard to come by, you can’t trust the money, and you can’t depend on the rule of law? What kind of world is that? Why…it’s right in front of our eyes. It’s Argentina! A joke making its way around the […]
Zero-Sum Games
‘The surest way to ruin a nation is to debauch its currency.’ Vladimir Lenin The first thing we noticed were the zeros. Where did they get so many of them? Imports from Venezuela? We don’t know. But we’d like to own the company that makes them. When we first came to Argentina more than 20 years […]
Energy, Money, and Trust
What happened to COVID? It has disappeared from the headlines. And Joe Biden says it’s no longer anything to worry about. We didn’t hear him mention terrorists. But they mustn’t be worth worrying about either. Both have been supplanted by the Bugaboo du Jour: Russia, bad; Ukraine, good. And like the two previous crises of the […]
A Mean Reversion
‘That’s life ‘(That’s life) ‘That’s what all the people say ‘You’re riding high in April, shot down in May ‘But I know I’m gonna change that tune ‘When I’m back on top, back on top in June’ Frank Sinatra, ‘That’s Life’ Ouch! Our small holdings of Russian stocks are down almost 60% so far this […]
