Chris Whalen on the 2025 Correction

When we compare Weimar Germany a century ago to Oligarch America today, it’s easy to get a sense of deja vu. So how does this play out? As always, Chris Whalen can explain: https://www.theinstitutionalriskanalyst.com/post/the-great-correction-of-2025 In this issue of The Institutional Risk Analyst, we focus on the global tendency toward inflation even as economists insist thatContinue reading “Chris Whalen on the 2025 Correction”

27% of Household Income now comes from the Government

USBEA Personal Income and Outlays: https://www.bea.gov/news/2021/personal-income-and-outlays-january-2021 Let’s think in terms of a good news/bad news joke. Personal income increased $1,954.7 billion (10.0 percent) in January according to estimates released today by the Bureau of Economic Analysis (tables 3 and 5). Disposable personal income (DPI) increased $1,963.2 billion (11.4 percent) and personal consumption expenditures (PCE) increasedContinue reading “27% of Household Income now comes from the Government”

ZB – Free Fallin’

But what’s more important is that it is dropping while picking up velocity while realized volatility is also dropping. Connect the dots McFly. Or, let Evil Speculator do it for you: https://evilspeculator.com/the-pressure-cooker/ Mmm num ba deDum bum ba beDoo buh dum ba beh beh Pressure pushing down on mePressing down on you, no man askContinue reading “ZB – Free Fallin’”

The Hard Realities of Population Dynamics and Accelerating Debt

Chris Hamilton’s Econimica blog remains one of my favorites. In his latest posting, Chris’s punchline remains on-point and entertaining Some say these are the seeds of the second American revolution as a class of unelected, undemocratic central bankers enrich a tiny majority at the expense of the majority…but I just like making colorful charts. IContinue reading “The Hard Realities of Population Dynamics and Accelerating Debt”

Arbitrage

Zero Hedge: https://www.zerohedge.com/crypto/microstrategy-selling-600-million-bonds-acquire-additional-bitcoins MicroStrategy Is Selling $600 Million In Bonds To “Acquire Additional Bitcoins” With Bitcoin surpassing $50,000 for the first time this morning, Business intelligence and mobile software firm MicroStrategy has announced it intends to sell bonds and use the net proceeds to “acquire additional bitcoins.” In the last few weeks, MicroStrategy has been addingContinue reading “Arbitrage”

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”

The M2 Is All You Need to Know

Alistair Lacleod: From last March until today, we can see a total of $8 trillion worth of QE (money printing) required to pay for all the programs, and that includes Biden’s $1.9 trillion, which I know has not been authorized—yet.  The figures are enormous.  There is absolutely no way that the dollar can hold itsContinue reading “The M2 Is All You Need to Know”

Home Prices Soar At 4.5 Times The Fed’s Inflation Target In All US Cities

Tyler Durden (ZeroHedge): Well, here’s an idea: maybe all the central-planning megabrains at the Marriner Eccles building and 33 Liberty Street can take a break from whatever circle jerk they are engaged in right now, and look at the latest Case Shiller numbers which showed not only that home prices surged at the fastest pace inContinue reading “Home Prices Soar At 4.5 Times The Fed’s Inflation Target In All US Cities”

“The final outcome of the credit expansion is general impoverishment.”

Ludwin von Mises, “Human Action” The Ruling Junta installed by The Party has been quite busy: Rejoined the Paris Climate Accord which promises to raise US energy prices with no impact on climate Rejoined WHO after they allowed China to export a virus that killed over 2 million people and crashed the US economy TerminatedContinue reading ““The final outcome of the credit expansion is general impoverishment.””

Gonna Party Like It’s 1999

Here’s The Contrarian on the current asset bubble we’re in: The U.S. stock market and U.S. bond market are historically overpriced, and real estate is at the high end of the valuation scale too. Starting valuations are so poor that seven-year real return forecasts are direr than they were even in 2000 and 2008. InContinue reading “Gonna Party Like It’s 1999”