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Yoyo Fed and Yoyo Markets
Yoyo Fed and Yoyo Markets Once again, we have a report saying consumer sentiment is collapsing just as economists were projecting it would be continuing to float along, and once again we have a report of rising inflation, just as the Fed decided to reduce its fight against inflation by slowing down QT to save the […]
Orange Juice Prices Primed For Breakout After Forecast Warns Brazil Set For Worst Harvest In Decades
Orange Juice Prices Primed For Breakout After Forecast Warns Brazil Set For Worst Harvest In Decades Breakfast lovers are in for another jolt as orange juice prices surge to near-record levels. A new report released on Friday indicates that Brazil, the leading global exporter of OJ, is facing its worst harvest in over three decades. This alarming development […]
Even The Millionaires Are Fed Up
Even The Millionaires Are Fed Up How to speak to a hostile crowd Some weeks ago, I was sitting on stage with an economist from the World Trade Organisation and a banker from UBS. We were opening a small, one-day conference for the private aviation industry, and I had been invited to challenge the prevailing […]
Why you can’t win an argument with a Neoclassical
Why you can’t win an argument with a Neoclassical I’ve been arguing with Neoclassical economists for over fifty years, without ever getting a concession from them that I was right, even when there was overwhelming logical or empirical evidence on my side. Recently, I’ve realised why. It’s because they don’t read—really read—critical literature. Instead, they […]
Is China Dumping US Treasuries and Buying Gold? Bloomberg Says Yes, Pettis Uncertain
Is China Dumping US Treasuries and Buying Gold? Bloomberg Says Yes, Pettis Uncertain Bloomberg reported that China is selling a record amount of US debt while buying gold. Previous reports of debt selling were false. Let’s check in with Michael Pettis at China Financial Markets for another opinion. China Sells Record Sum of US Debt […]
Doug Casey on the Relentless Rise of Taxes, Regulations, and Inflation
Doug Casey on the Relentless Rise of Taxes, Regulations, and Inflation International Man: Almost every government worldwide is moving to increase taxes and regulations on its citizens while at the same time engaging in ever-increasing currency debasement. What do you think of this trend, and where is it going? Doug Casey: Higher taxes, more money printing, and […]
Precarious: One Misfortune Away from Insolvency
Precarious: One Misfortune Away from Insolvency As a result, a significant percentage of households that are considered middle-class are one misfortune away from insolvency. We can summarize the changes in our economy over the past two generations with one word: precarity, as life for the bottom 90% of American households has become far more precarious over […]
Birth Dearth or Baby Boom?
Birth Dearth or Baby Boom? A new debate on where global population may be headed Lots and lots of babies! Upgrade to paid Writing in the Wall Street Journal earlier this week Greg Ip and Janet Adamy explored the possibility that the world’s population may peak and begin to fall far sooner than demographers have previously projected: […]
How Powell Destroyed His Inflation War as he Eats the Poor
How Powell Destroyed His Inflation War as he Eats the Poor I’m going to save discussion of today’s CPI report for my Deeper Dive this weekend because it requires digging deep into the numbers involved in the report to show why it is not the game-changer for the new trend in inflation that the stock market made […]
Fed’s Asset Purchases Result in Increased Market Volatility
Fed’s Asset Purchases Result in Increased Market Volatility “Once again, the empirical evidence supports reigning in the Fed; the economy works better when the Fed does less, not more.” The Federal Reserve underwent a massive regime shift following the 2008 financial crisis. It incorporated several new tools into its monetary policy arsenal, ranging from interest on excess […]
China Unveils A Housing Market Bailout: Here’s What’s In It, And Why It Is Still Not Enough
China Unveils A Housing Market Bailout: Here’s What’s In It, And Why It Is Still Not Enough More than four years ago, when China first launched its latest “deleveraging” campaign targeted at bursting the country’s housing bubble in a controlled fashion, which coincidentally was the single largest asset for China’s massive middle class, we – and many […]
“The Economics Just Don’t Work”: Demand For Electric Semis Plunges Due To High Costs
“The Economics Just Don’t Work”: Demand For Electric Semis Plunges Due To High Costs For the last year, we’ve been writing extensively about how high costs and low demand have made EVs uneconomical – and, as a result, unpopular to produce – for the auto industry. It turns out unionized employees extorting you on labor […]
Why the dollar will lose its status as the global reserve currency
Why the dollar will lose its status as the global reserve currency By the early 400s, the Roman Empire was coming apart at the seams and in desperate need of strong, competent leadership. In theory, Honorius should have been the right man for the job. Born into the royal household in Constantinople, Honorius had been […]
