Mish reviews “Daylight Robbery”: https://www.thestreet.com/mishtalk/economics/daylight-robbery-review-how-taxation-shaped-our-past-and-will-change-the-future. For better or for worse, recall it was intervening in the American Revolution that tipped the French monarchy into the Revolution, the Terror and Napolean. It was the American Civil War that introduced central banking and elastic currencies into the US. It was the income tax and the Federal ReserveContinue reading “Death by Taxes – Direct and Indirect”
Author Archives: econophysics2020
Time Magazine and the US Orange Revolution
Epoch Times: https://www.theepochtimes.com/time-magazine-article-points-to-a-controlled-election_3688393.html?utm_source=news&utm_medium=email&utm_campaign=breaking-2021-02-08-3 In a surprisingly brazen article, “The Secret History of the Shadow Campaign That Saved the 2020 Election,” Time magazine chronicles a myriad of pre- and post-election actions taken by a loose coalition of Democratic operatives, grassroots activists, mainstream media, tech companies, and corporate CEOs before and after the 2020 presidential election. According toContinue reading “Time Magazine and the US Orange Revolution”
Deja Vu All Over Again: 50 DMA Reconnects
February 2020: February 2021: Sven Henrich (Northman Trader): https://northmantrader.com/2021/02/09/signal-fire-3/ No, this market is really not behaving that much differently from the one that led to the February 2020 top. Back then of course the Fed too was printing running their Repo program having cut rates three times already, now of course printing still $120B aContinue reading “Deja Vu All Over Again: 50 DMA Reconnects”
Resisting Your Bearish Impulses
Evil Speculator (https://evilspeculator.com/the-skew-must-flow/) offers some great truths: Markets move 87% of price in only 11% of the time, that is both combined to the up side and the down side. Within that 87 percentile markets either go UP or push SIDEWAYS 80% to 90% of the time. This means rising or range bound markets representContinue reading “Resisting Your Bearish Impulses”
Job Jolts – Welcome to the Sock Puppet Era
ZeroHedge: https://www.zerohedge.com/economics/hiring-crashed-december-despite-jump-job-openings Meanwhile, after a positive month for hiring in November, when 5.935MM people were hired, in December the pace of hiring crashed, plunging to just 5.539MM, a drop of 396K for the month after a 23K increase in November. The coincides and validates the 227K drop in payrolls on December, the first contraction sinceContinue reading “Job Jolts – Welcome to the Sock Puppet Era”
Oligarchs’ Sock Puppet Props Up Russia and Saudi
Tsvetana Paraskova: https://oilprice.com/Energy/Crude-Oil/Russian-Saudi-Oil-Giants-To-Benefit-From-Bidens-Anti-Oil-Agenda.html The growing number of Western countries aiming for net-zero emissions by 2050 and the U.S. Administration’s drive to limit oil and gas extraction on federal land and waters are likely to benefit the biggest oil firms in Russia and Saudi oil giant Aramco, analysts and portfolio managers told Bloomberg. While major developed economiesContinue reading “Oligarchs’ Sock Puppet Props Up Russia and Saudi”
Knock Knock Knockin’ On Inflation’s Door
Brian Wesbury, Advisor Perspectives: https://www.advisorperspectives.com/commentaries/2021/02/08/the-return-of-inflation Combined, Americans saved about $2.9 trillion in 2020, more than doubling the previous record high of $1.2 trillion in 2018. As of the third quarter of 2020, the amount Americans held in checking accounts, savings accounts, time deposits, and money market funds was up $2.8 trillion from the year prior.Continue reading “Knock Knock Knockin’ On Inflation’s Door”
Recovery Prospects
Up but still not compelling. https://seekingalpha.com/article/4404435-indicators-also-screaming-peak-of-internet-bubble
Banana Republic – in Broad Daylight
Courtesy of RT.com – which shows how far we’ve fallen:https://www.rt.com/op-ed/514770-time-electiion-fortified-color-revolution/ The 2020 US presidential elections wasn’t “rigged,” oh no, but “fortified” by a conspiracy of activists united in saving “Our Democracy” from the Bad Orange Man, now proud to share their story in a friendly tell-all piece in TIME. “There was a conspiracy unfolding behindContinue reading “Banana Republic – in Broad Daylight”
“I would know by what power I am called hither, by what lawful authority?”
Bruce Antonio Laue (Taki Mag): https://www.takimag.com/article/by-what-lawful-authority/ In a few days, a trial will begin in the Senate of the United States to decide if the former President Donald J. Trump is guilty or not guilty of inciting an insurrection against the country he led for four years. It promises to be spellbinding. Millions will watchContinue reading ““I would know by what power I am called hither, by what lawful authority?””