Inflate or Die
Wages are said to be going up at a 5% annual rate. Prices are rising at a 9% rate. That leaves a 4% gap — the rate at which real incomes are falling.
Latest
The Fed’s Monetary Madness Continues, but Crypto May Be the Big Winner
Overnight Jerome Powell and his colleagues delivered the expected news: a 75-basis-point rise has been declared for US interest rates.
The China-Taiwan Conflict
A critical hotspot engaging strategic thinkers today is the potential for a Chinese invasion of Taiwan. Of course, China has the world’s largest population, the world’s second-largest economy, and the world’s fourth-largest nuclear arsenal.
When Fake Wealth Disappears
Jobs. And houses. Houses and jobs. Those are the two pillars of US middle class living standards. Jobs provide income. Houses are assets that can be readily sold. But it looks to us like the housing pillar is beginning to crack.
This Unloved Energy Sector Is Getting Lots of Attention
Things are looking jittery once again ahead of the US Fed meeting today. In particular, things are turning dire in energy markets.
Crypto Insider
When something seems too good to be true, it is usually neither good nor true. And when we first heard of crypto accounts that would pay as much as 18% interest, we guessed that the important part of the story was yet to be told.
