ECONOMY
At Least Gas Costs a Little Less . . .
No COVID criminals – Drs. Fauci, Brix and Walensky – have been charged or are ever likely to be charged – with anything. No pharma cartel executive – Albert Bourla of Pfizer, for instance – has faced or is ever likely to face any consequences (liability) for the harms caused […]
The Gross Fiscal Negligence of the GOP
The gross negligence of the Washington GOP with respect to its fundamental duty in the governance process of American democracy—to function as the Watchdog of the US Treasury—seems to know no bounds. Very simply, with current policies fixing to add $22 trillion of baseline deficits over the next decade on […]
Trump’s EV Policy Punch Out: New Bill about Knock Out 130,000 EV Jobs (and the battle behind regulation)
Government policies, regulations and interventions can make or break markets. They can make ’em. And then they can break ’em. That’s what happened with clean energy policy back in 2021. The Biden administration issued the “Inflation Reduction Act(IRA).” Except it wasn’t about inflation reduction. It was a big money printing […]
What Should We Do to Get Government Spending Under Control?
That’s the question I was asked today. 12 Ideas. A Spending Conversation on X What Do I Propose? The short answer is fiscal discipline by Republicans and better tax code and trade policy. Currently, the inevitable Congressional result is more of this for more of that. Democrats and Republicans are […]
Student Loan Delinquencies Surge, How Will that Impact the Economy?
The delinquency rate jumped from 0.7% in the 4th quarter to 8% in the 1st quarter. Years of Forbearance Have Ended The Wall Street Journal explains How Student-Loan Crisis Will Show Up in the Economy Millions of Americans had their student-loan payments put on pause during the pandemic. Now they are […]
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 […]
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 […]
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 […]
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 […]
