ECONOMY
Is This the Last Bubble?
The consensus holds there will be another bubble after the Everything Bubble pops, but this might be misplaced confidence in the godlike powers of central banks. The consensus holds that central banks–the Federal Reserve in the US–will gradually inflate away the world’s rising debt burden while propping up assets and the […]
California Tries to Stop the Exodus of Its Oil Refiners, Oops Too Late
After doing everything to get rid of fossil fuel producers, Governor Newsom has second thoughts. Climate Focus Shifts in California The Wall Street Journal reports California Wants to Halt Oil Industry Exodus After Years of Climate Focus Gov. Gavin Newsom’s office made its first-ever call to Chevron’s refining chief last week, […]
Why the Hardest Money Always Wins
French Emperor Napoleon III reserved a special set of aluminum cutlery for only his most honored dinner guests. Ordinary guests had to settle for gold utensils. In the mid-1800s, aluminum was rarer and more coveted than gold. As a result, aluminum bullion bars were included among France’s national treasures, and […]
Doug Casey on Why Trump’s Policies Are Right Out of Mussolini’s Playbook
International Man: The US government recently took a 15% stake in MP Materials and a 10% stake in Intel to counter China’s dominance in rare earth elements and revive the domestic semiconductor industry. Are these national security necessities, or a fundamental break from free-market capitalism? Doug Casey: First, whenever you hear the […]
Perceived Importance of College Hits Record Low 35 Percent
A Gallup poll shows the percentage of Americans saying college is “very important” has fallen to 35% Please note The Perceived Importance of College Hits New Low Americans have been placing less importance on the value of a college education over the past 15 years, to the point that about a […]
The Majority Must be Wrong
QUESTION: I asked GOK who thinks the stock market will crash. It gave a list of people all expecting a crash. It also noted that Buffet was bearish and J.P. Morgan was calling for a 20% drop. The reasons were “High valuations, particularly in tech and AI, are compared to historical […]
Full Appeals Court Rules 7-4 Against Trump’s Reciprocal Tariffs
In a very much expected (by me) ruling, the appeals court rejects Trump’s global tariffs. Trump Supreme Court Appeal Coming It’s not over yet, but the Wall Street Journal reports Appeals Court Rejects Trump’s Global Tariffs. A federal appeals court late Friday struck down the Trump administration’s signature tariffs, finding that […]
US Treasuries Have Crossed the Rubicon
The day before the latest US Treasury Auction results were released Trump concludes that “foreign nations are paying hundreds of billions of dollars straight into our treasury.” That could not be further from the truth. US Treasuries have crossed an important rubicon. It is now costing the US more to […]
The Cycle of War & Revolution
QUESTION #1: Hi Martin, Since the international war array started picking up in 2022 but peaks in 2026 with a panic cycle, do we in fact expect a serious deflagration potentially nuclear but very short lived and closing by 2027 since it’s the peak? Would that mean a very swift demise […]
Trump deploys Marines to LA riots as Newsom counters with lawsuit and hypocritical challenge
The streets of Los Angeles descended into violent turmoil this week as pro-open borders demonstrators clashed with law enforcement, torched vehicles and attempted to breach federal detention centers – prompting President Donald Trump to deploy Marines to reinforce National Guard troops. Yet even as federal forces moved to restore order, […]
