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I Now Track the Most Important Measure of the Fed’s Economy: the “Wealth Effect” and How it Impacts Americans Individually
I Now Track the Most Important Measure of the Fed’s Economy: the “Wealth Effect” and How it Impacts Americans Individually The Fed provides the data quarterly, I dissect it at the stunning per-capita level. The Federal Reserve is pursuing monetary policies that are explicitly designed to inflate asset prices. The rationalization is that ballooning asset […]
The Hunt for Global Taxes
The Hunt for Global Taxes The proposal is to create a global tax rate as world leaders move to create a one-world government. The United Nations, behind the curtain, is preaching that ONLY they can solve the world crisis in climate change, for it requires a single government to control the world. On top of […]
Fed and Treasury Steer Their Unsinkable Ship toward Iceberg
Fed and Treasury Steer Their Unsinkable Ship toward Iceberg This past week we got to observe Fed Chair Jerome Powell and the US stock market andthe US bond market do everything I said they would do in their complicated shuffle of ships-and-icebergs: “I’m sure many helium-headed stock investors believe the lilly-livered Fed will turn tail […]
Producer Prices Blow Out
Producer Prices Blow Out And companies have been reporting that they’re able to pass on those surging costs. So here we go with inflation. Inflation that producers are experiencing is now blowing out. The surging input costs and the ability to pass on those higher input costs that have been reported by company executives as […]
Get Ready for a Wild “Base Effect”: Highlighted Forcefully when it Suits Them, as with Inflation; Silenced Forcefully When it’s Awkward, as with Corporate Earnings
Get Ready for a Wild “Base Effect”: Highlighted Forcefully when it Suits Them, as with Inflation; Silenced Forcefully When it’s Awkward, as with Corporate Earnings We’re going to be awash in huge and even absurd percentage-growth numbers. The numbers are starting to crop up everywhere: For example, new vehicle sales in March jumped nearly 60% […]
The Mainstream Is Wrong About Rising Bond Yields and Gold
The Mainstream Is Wrong About Rising Bond Yields and Gold Prices are going up. The Federal Reserve is printing money at an unprecedented rate. The US government continues to borrow and spend at a torrid pace. As Peter Schiff put it in a recent podcast, we’re adrift in a sea of inflation. Gold is supposed to be an […]
Bank of Canada Now Owns 40% of Government of Canada Bonds. Fed a Saint in Comparison. Taper on the Table
Bank of Canada Now Owns 40% of Government of Canada Bonds. Fed a Saint in Comparison. Taper on the Table “Makes you wonder if there’s a potential mid-QE-life crisis taking shape in Ottawa”: strategists at the National Bank of Canada in a note that would be hilarious if it weren’t so serious. The Economics and […]
What Gives Value to a Currency?
What Gives Value to a Currency? QUESTION: Hello Martin, can you explain to me how a currency would sustain value for international trade if a country, like Canada (where I live), did what you suggested and stopped issuing debt and just printed money to level that was 5% – 10% of national GDP? would it depend […]
Understanding the Persecution of John Law
Understanding the Persecution of John Law COMMENT: Hi Mr. Armstrong…..this is a surprising (to me) summary, on John Law. Every piece I ever read about him, cast him as a complete scoundrel, yet you obviously write with admiration. Just another example of history depending on someone’s perspective. You never cease to surprise. And that’s good. HS […]
Monetary Policy at a Crossroad: Policymakers Need to Break Promise of Easy Money to Avoid Boom-Bust
Monetary Policy at a Crossroad: Policymakers Need to Break Promise of Easy Money to Avoid Boom-Bust The Federal Reserve’s new policy approach is that policymakers want to see “actual progress, not forecast progress” before deciding to change its policy stance. Substantial actual progress is occurring in the economy, some faster than others. How much monetary […]
Prices Surge Broadly Across the Massive Service Sector and Companies Are Able to Pass On these Higher Prices
Prices Surge Broadly Across the Massive Service Sector and Companies Are Able to Pass On these Higher Prices The entire mindset has changed. Services are about two-thirds of the economy. During the Pandemic, discretionary services such as travel and entertainment have been hard hit, and consumer spending on services in February was still down 5.2% […]
Biden’s Policy to Double Gasoline Prices
Biden’s Policy to Double Gasoline Prices Biden’s objectives, or should I say the people really running his administration which does not include even Harris, is to DOUBLE gasoline prices which is Part-B of this plan to “Build Back Better” which first requires you to destroy the economy as it currently exists. Part A was using the lockdowns […]
Where’s Dirk Gently When You Need Him?
Where’s Dirk Gently When You Need Him? Did you hear? A supersized cargo ship got wedged in the Suez Canal on March 23rd? If you didn’t, you must do pretty well at avoiding the news, social media, and late night TV. But the short of it is: the Ever Given somehow lost control (sandstorm strength winds have […]
Book review of “Bright Green Lies”
Book review of “Bright Green Lies” This is a book review of “Bright Green Lies. How the Environmental Movement Lost its Way and What We can Do About It” by Derrick Jensen, Lierre Keith, and Max Wilbert. This is a timely book. The Biden administration is alarmed by how China controls up to 90% of […]
