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.’ […]
All Measures Necessary
‘President Trump wanted a trade war with the world, and Americans are getting it, good and hard.’ Wall Street Journal This just in. Bloomberg: ‘Trump Vows 200% Tariff on EU Wine, Escalating Trade Tensions ‘President Donald Trump threatened to enact a 200% tariff on European wine, champagne and other alcoholic beverages, the latest escalation in a brewing […]
Now or Never
We’re talking about betrayals. Disappointment. Faithlessness. Markets Insider: ‘Another red day on Wall Street: Trump’s latest tariff threats bring the market-cap wipeout to $5 trillion.’ How do investors feel? They expected a big boom. They thought they’d get rich. Disappointment seems to be spreading. Polls of CEOs and consumers show deepening pessimism. AP: ‘Inflation, looming […]
Stocks Thumped
‘I’ve never seen anything like it’, said a guest on a news show yesterday. ‘Canadians feel betrayed by their closest friends and allies. They’re not buying American-made goods… and they’re taking them off the shelves. They’re canceling their vacation plans to go to the US. They’re just really, really angry. It’s the thing they talk […]
March to Bankruptcy
It is a confusing time. But this week should clarify things. The basic direction — both the Primary Trend in politics as well as in capital markets — appears to be unchanged. US stocks have been in a long decline since the beginning of this century — peaking out at 40 ounces of gold to […]
The Big Men are Back
‘There will be a little disturbance, but we are OK with that… all we needed was a new President.’ Donald Trump, after edging out George Washington as best president in US history The USA had the first mover advantage. Its Declaration of Independence in 1776 began the Age of Democracy. France had a messier upheaval […]
Big Man Politics
‘All government spending is taxation.’ Elon Musk Elon is right about that. Every penny spent by the feds must come from ‘The People’ via some form of taxation. One of them is in the news today. Tariffs. Yesterday, the Trump team put in place new tariffs against China, Mexico and Canada. And last night, Trump […]
Crackpot Economics
‘Det som göms i snö, kommer fram vid tö.’ (What is hidden in snow, is revealed at thaw.) Old Norse Saying There are many issues that get people riled up. And many are the dimwit policies pushed by politicians and elite groups. Personal pronouns, passing out condoms, men competing as women in sports, ‘annexing’ Greenland, […]
Land of Dreams and Shadows
Narcotics won’t improve your world. But they can help you feel better about it. You nod off…even when they are cutting you open…and slide into your own dreamscape. Here, we cast our net far and wide to bring you the widest possible view of what is going on. Dan on the high plains of Wyoming…Tom […]
Payback
‘There is no means of avoiding the final collapse of a boom brought about by credit expansion.’ Ludwig von Mises Dan says our view of the stock market — is ‘almost un-American’. It defies the evidence of the stock market since 1925 — which is up 366 times. It seems to contradict the greatest investor […]
