Easily Squeezed
Look for higher interest rates. Savings that might have been used to fund past borrowing must now be directed to current expenses. Lenders begin to think their money might be safer at home.
The Daily Reckoning Australia
A system reset has begun, but not the way we thought
The world continues to focus on an elusive negotiation between the US, Israel and Iran to open the Strait of Hormuz. Meanwhile, something else happened that changed the oil market for good…
Live by the Sword
Ashurbanipal might be a good model. He inherited an empire from his father. He is credited, or accused, of being ambitious, ruthless and cruel. He, like Donald Trump, faced challenges. And he, like DJT, thought the best way to deal with them was with superior force.
Tapped Out
Cutting taxes was not necessarily a bad idea. But increased spending eliminated the benefit. So did the ‘tariff’ program, which acts as a tax increase on Americans.
After this Goose Hunting Season, Don’t Expect Any Golden Eggs
Prosperity is easily taken for granted. It’s even easier to lose. But rarely has it faced such an all-out assault on so many fronts.
Thunderclouds Overhead
The gap between the charged-up price action on Wall Street…and the depressing ground of the macro world….must be closed. What will spark a correction, we don’t know.
