Economy
BYD Overtakes Tesla in Europe for the First Time, Sales Jump 169 Percent
BYD sold 7,231 battery electric vehicles in April versus 7,165 by Tesla, according to data from Jato Dynamics. BYD Is #1 In Europe Please note BYD overtakes Tesla in Europe BYD sold more battery electric vehicles (BEVs) than market leader Tesla in Europe for the first time last month, as the Chinese carmaker continued to make […]
The Bond Market Is Fed Up with Fiscal Irresponsibility, Yields Surge
The yield on the long bond and the 10-year Treasury surged today on deficit concerns. Today’s Bond Market Action Technical Disaster The lead chart is a technical disaster. Short-term resistance is only 10 basis points away at 5.18 percent. Next resistance dates all the way back to 2007 with a peak at 5.44 percent. Rate […]
Ours Is a System of Fraud, Swindles and Corruption
But all bubbles pop, and there are no tricks left to fund both the greed of the few and the needs of the many. Every society / economy is a distribution mechanism that distributes: 1. Gains 2. Losses 3. Risk 4. The costs of securing the sources of gains. As a general rule, markets / economies […]
Gold and the Great American Monetary Resets: From 1792 to Today
Gold has been at the heart of the US monetary system since the nation’s founding, evolving from a direct anchor for the dollar to a strategic reserve asset. Though it no longer backs the dollar, gold remains a cornerstone of central bank reserves, a discreet but powerful force in global finance. Throughout American history, monetary […]
A Dying Man Will Try Any Medicine
Boy, oh boy are things… um… interesting. I almost miss the days of green-haired teenage girls with hairy armpits gluing themselves to the road to make the weather better. Now we have craziness at the international trade level. At its core, it’s all politics. The now dead George Carlin had a skit where he told […]
Warming Up the Printing Presses
The Federal Reserve is up to its old money printing games once again… Earlier this month it quietly purchased a cool $43.6 billion in U.S. Treasuries. This included $8.8 billion in 30-year Treasury bonds on May 8. Several days before that, it bought $20.4 billion in 3-year Treasury notes and $14.8 billion in 10-year Treasury notes. What’s […]
Walmart And Target Are Really Jacking Up Their Prices
Are you ready to pay 80 percent more for a USB-C cord? Unfortunately, Walmart, Target and other major retailers have decided to start dramatically raising the prices of thousands of imported products. Of course our paychecks are not going up dramatically as well, and so our standard of living is going to go down. We […]
The Real American Dream: Starting Over
It seems to me the real American Dream is not measured solely by money, it’s more a measure of the freedom to Start Over. The conventional definition of The American Dream is anyone can achieve middle-class security if they work hard, work smart, persevere and are frugal / prudent / save and invest a healthy chunk […]
GM Urges the Senate to Kill California’s 2035 EV Rules
GM once supported California’s 2035 EV target. It wisely has second thoughts. Sanity Prevails In 2022, California Governor Gavin Newsom approved regulations banning the sale of new gasoline-powered cars and trucks by 2035. GM foolishly supported the idea. I am pleased to report that sanity has prevailed. The Wall Street Journal reports GM Is Pushing Hard […]