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Banking Crisis, Stage Two
Banking Crisis, Stage Two I’m sure you recall the banking crisis of March to May 2023. It began with the collapse of the little-known Silvergate Bank on March 8. This was followed the next day by the collapse of the much larger Silicon Valley Bank (SVB) on March 9. SVB had over $120 billion in […]
Open the Overton Window
Open the Overton Window You may have heard of the “Overton window.” The concept of the Overton window caught on in professional culture, particularly those seeking to nudge public opinion, because it taps into a certain sense that we all know is there. There are things you can say and things you cannot say, not […]
Americans Understand Inflation
Americans Understand Inflation Everyday Americans understand inflation perfectly. But the egghead economists and policymakers who govern their lives don’t. That may be because inflation is one of the biggest concerns of those who live in the real world, and it may lead to a political earthquake next November in the presidential and congressional elections. Here’s […]
Rickards’ Five 2024 Forecasts
Rickards’ Five 2024 Forecasts I have five forecasts for 2024 to help keep you ahead of the curve in positioning your investment portfolio. My overall forecast is that 2024 will be more tumultuous and shocking than 2023. That may seem hard to credit. With two major wars going on, an indicted former president and a […]
March 9, 2022
March 9, 2022 Where were you on March 9, 2022, when President Biden signed the death warrant on American freedom? On that day, in a hushed ceremony at the White House without the approval of Congress, the states or the American people, Biden signed into law Executive Order 14067. Buried in his order are a […]
“Shut up — or Else!”
“Shut up — or Else!” Certain establishment types consider my ideas extreme. They accuse me of being a conspiracy theorist or some kind of kook, way outside the boundaries of acceptable consensus. That’s fine, I expect that. If you threaten powerful interests, you can expect that they’ll try to discredit you. The fact is people […]
Global Bankruptcy Already Baked In
Global Bankruptcy Already Baked In Scrape away the complexity and every economic crisis and crash boils down to the precarious asymmetry between collateral and the debt secured by that collateral collapsing. It’s really that simple. In eras of easy credit, both creditworthy and marginal borrowers are suddenly able to borrow more. This flood of new cash seeking a return […]
World War III: Has It Begun?
World War III: Has It Begun? Has World War III already begun? That’s a serious question and deserves serious consideration by investors. A wave of analysts and commentators have warned that the war in Ukraine could spin out of control and escalate into World War III. One variation on that theme is that the war […]
It’s Wholesale Robbery!
It’s Wholesale Robbery! The latest inflation news was glorious, they said. The whole media told us so! It’s easing, improving, better than it has been and headed in the right direction. So stop your kvetching and get out there and make (and spend) money. For that matter, throw around the credit card a bit and […]
Let Them Eat Bugs
Let Them Eat Bugs A study earlier this year from four prestigious institutions proclaimed that you should eat bugs and spiders. And not only that. The study — conducted by BI Norwegian Business School (BI), Chuo University, Miyagi University and Oxford University — also said that the way to convince people to do this is […]
Welcome to 1984
Welcome to 1984 I’ve been addressing the war on cash lately, and for good reason. While everyone’s attention is focused on the war in Ukraine, inflation and the Supreme Court, government plans to eliminate cash are accelerating. For example, central bank digital currencies (CBDCs) are coming even faster than many anticipated. The digital yuan is […]
Nowhere to Hide
Nowhere to Hide Investors don’t need to be told about the recent stock market crashes. The Dow Jones index is down 12.5% since early January. The S&P 500 is down 16.1% in the same period. The Nasdaq Composite is down an even more spectacular 26.5% this year. It lost more ground today. This puts the […]
Globalism’s Achilles’ Heel
Globalism’s Achilles’ Heel Supply chain disruptions have not been resolved, and it’s not clear when they will be. You’re seeing the effects of these disruptions at the store in the forms of shortages and higher prices. Yet the supply chain is a subject that very few are familiar with beyond a superficial acquaintance. Most people […]
Supply Chain Disruptions Will Continue
Supply Chain Disruptions Will Continue Forty percent of all the cargo into the United States comes through the ports of Los Angeles and Long Beach. Offshore, there are thousands of containers stacked up on vessels waiting to get in. How many containers can the ports unload on a normal day? New containers are coming in. […]
Get Ready for Food Rationing
Get Ready for Food Rationing It was a very strange moment when this week the spokesperson for the president defended inflation as a high-class problem. She explained that higher prices are merely a sign that economic activity is picking up. People are buying things and that’s good. Of course that pushes up prices, she said. […]
