Will the US Default on Its Debt? — Part 1
It has been a few years since we took a close look at Modern Monetary Theory (MMT). We first sounded the alarm in 2018 and warned readers again in 2021.
Macroeconomics: Global Central Banks News & Highlights
So, Mr Kennedy Called…
‘Every gun that is made, every warship launched, every rocket fired signifies, in the final sense, a theft from those who hunger and are not fed, those who are cold and are not clothed. This world in arms is not spending money alone. It is spending the sweat of its laborers, the genius of its scientists, the hopes of its children…’
Dwight Eisenhower, 1953
The Fed is a comedy act
Someone should tell Jay that since the June 2022 peak, oil prices are down nearly 50% (and an absolute bargain at these levels IMO). Also, someone should remind him that the US inflation rate hit 5.6% in July 2008. Six months later it was all about deflation. This is not 2008 again, to be clear.
Why Big Banks Have More to Fear Than Just Volatility
NAB’s weak result is punished heavily by investors. Investors should start looking elsewhere for the future of finance. Bigger names are carving out a bigger slice of the pie in the alternative finance space, and investors should pay close attention to a resurgence in the fintech trend in due time…
The Big Four Banks: Good Buying Today
Yesterday, the market copped one across the chops from the RBA. It’s getting another dose today. But the fight between the bulls and the bears ain’t over…and there’s always opportunity amongst volatility like this. Read on for my take on where we should be looking!
The Middle Class Squeeze April 26, 2023
Our point this week: Inflation is not beaten. And it won’t be beaten without pain. No pain, no gain. The rich need to lose as their assets fall in value. The poor need to lose as the feds’ ‘transfer’ schemes become unaffordable.
