ECONOMY
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 […]
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 […]
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 […]
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 […]
