Checkmate
The trap is this: the US cannot force Iran to do anything without risking a major retaliation. That could mean much higher oil prices…for a long time.
No Index
The free market can fix it
A life is passed in small increments. Minutes, hours, day, full of sights, sounds, tastes, touches and words. Let economists worry about GDP; we just want a quiet place to have a cup of coffee.
Dogs of the Dow
It is not possible for corporate revenues…wages…or federal spending to grow much faster than that for very long. And even that GDP number is a bit of an imposter.
A $58 Trillion ‘Big Loss’
It’s the end of the week. What have we come to? The surface chop — the ‘news’ and opinions — keep coming.
Wall Street’s Fake Beer
This is not about making real money…or adding real value. This is the foam on an estimated $45 trillion worth of fake beer on Wall Street.
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.
