Extend and pretend
San Martin, Calchaqui Valley Wednesday, Feb 7 On March 12, 2023, the Fed bailed out the panicked banking system by offering a new lending facility with a one-year window called the Bank Term Funding Pr…
Out of Hand
First up this week is a quick note about next week. Expect to hear from Tom Dyson on Tuesday afternoon rather than his normal Wednesday note. Same time. Same Dyson. Different day. Why? I’m going back …
Putin on the US
Bill Bonner, reckoning today from Paris, France... Tucker Carlson’s interview with Vladimir Putin was a hot story all over the world yesterday. It began with a partial transcript…
What Would Clausewitz Say? II
Bill Bonner, reckoning today from Paris, France... The barbarian nation of the Huns, which was in Thrace, became so great that more than …
What Would Clausewitz Say?
Bill Bonner, reckoning today from Normandy, France... “No one starts a war – or rather, no one in his sense ought to do so – without first being clear in his mind what he intends…
Cap’n Biden's Trillions
Bill Bonner, reckoning today from Youghal, Ireland... Here’s a shocker. A high government official – Jerome Powell – is trying to warn Congress that it is headed over a fiscal wa…
Neighbors Old and New
Bill Bonner, reckoning today from Youghal, Ireland... “Can’t we all just get along?” ~ Rodney King The nei…
Mo' Money
Joel Bowman, writing from the End of the World in Buenos Aires, Argentina... Welcome to another Sunday Sesh, dear reader, that time of the week when we contemplate the world arou…