Bankrupt State – Spiking Inflation

History teaches that oligarchies and their statist allies (“public-private partnerships”) suck the life out of a nation and its economy as soon as they get a bite on sufficient power. Yet, a lot of people support this dynamic – PPPs. Govetnment “investment” in “the future.” I suspect they hope to get a taste for themselvesContinue reading “Bankrupt State – Spiking Inflation”

Banana Republic – Literally

The Personal Current Transfer Receipts (PCTR) report summarizes government social benefits and net current transfer receipts from business (unemployment). Simply put, it’s government welfare. And that welfare is behind the record surge in personal income in March when China Joe, the Sock Puppet “president,” distributed $1.9 trillion in “stimulus checks”. March PCTR payments ballooned toContinue reading “Banana Republic – Literally”

First Real Estate, Then Oil, Next is Food

The quantity of USDs in circulation has been growing at an accelerating rate since the JFK/LBJ Guns and Butter program. The bill came due when Nixon came along. One option was to cut spending and raise taxes to pay off the debt. Nixon took the other option and closed the gold window giving rise toContinue reading “First Real Estate, Then Oil, Next is Food”

Suppressing Interest Rates and Life

I was fortune to study economics under Murray Rothbard. Quite an experience. Then again, so was studying philosophy under Leonard Peikoff. Also quite an experience. And, serving as a commissioned officer in the US Navy under Admiral Hyman G. Rickover. THAT was an experience. These three guys had a lot in common. I got smackedContinue reading “Suppressing Interest Rates and Life”

Solar Minimum Cold and Snow

The GIF published above presents NOAA’s temperature anomaly forcasts over the next 2 days. As is evident, we’re looking at lower-48 temperature anomalies of upwards of a dozen degrees C below norms. I routinely track the effects of the Solar Minimum that has begun and will run at least through 2050 due planetary dynamics reducingContinue reading “Solar Minimum Cold and Snow”

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’”

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”

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”