I underestimated the status quo’s ability to kick the can down the road for a decade. The motivation to kick the can down the road
Those who have protected their wealth by investing in financial assets no longer have the following breeze of falling interest rates. Financial bubbles are now
The 10-year UST yield has crossed the 3% mark. So you’d think this was a sign that a modicum of rationality is returning to the
When GDP on Thursday morning revealed we are, in fact, crashing into recession, and the market flew like a released bird into the heavens, I
When the Fed did test a similar flight plan back in 2018, it ran erratically all year and ended when the Fed dove its plane
by Dr. Richard Curtin, University of Michigan: There is a high probability that a self-perpetuating wage-price spiral will develop in the next few years. Households have
Let’s investigate Biden’s claim with a series of three pictures. CPI data from BLS, PCE data from BEA, chart by Mish Commodity Prices CPI and
From Mark E. Jeftovic at Bombthrower.com: The Five Big Takeaways from #Bitcoin2022 Miami Last week was a blur: planes, trains and automobiles from Toronto through
From Brian McGlinchey’s Stark Realities Substack: There’s much to despise about economic sanctions. Aside from the fundamental immorality of making innocent individuals suffer for the sins
From the Wall Street Journal: As Washington attempts to get its arms around the rapidly growing cryptocurrency industry, policy makers in the Biden administration and
From Wolf Richter at Wolf Street: We just knew this would be coming, given the sky-high home prices and the spike in mortgage rates: Homebuyer
From Reuters: Sri Lanka’s collapse is front of mind for many. Protesters fed up with crippling shortages of essential food and fuel items are on
From David Brady at Sprott Money News: The two primary drivers of the markets in general from my perspective were and are the following: The
From The Carson Report: Policymakers are trying to achieve a benign economic outcome, a soft landing similar to 1995. But unfortunately, history shows that soft
From TomWoods.com: A reader wrote to me yesterday to ask about, and politely challenge, some of what I had written. He’s a supporter and sympathizer
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