When those in power do things to create pain for its people, it is called what it is. EVIL. Plain and simple this is man made destruction. People who have worked all their lives to reach a level of wealth that they can step away from the wars of work and worry. Nope, not for Americans. And I can only imagine what is happening in the smaller, poorer countries. Shame on the democrat party and what they have done without any help, or very little, from the republicans. People who have retired are going back to work. The oil and gas industry, if truth be known, probably provides directly or indirectly for more than 20% of our economy. Biden declared war on that part of the economy which, if turned around could lift us out of this "malaise." What a loser.
I do not think it s the result of the Democratic Party alone . What a happening now is the consequences of a decision made on the 15th of August 1971 , by a Republican president , since then there is been 6 republicans and 4 democrats presidents , as you can count more republicans than democrats , still I believe is that both party should be shame of what’s happening now , both of them never put the people first I am talking the 90 % of citizens who will suffer the consequences which are coming this decade .
It might not have been unanimous, but PG V lays out a very strong case below that it was 90-10 with the Democrats being 90. But, despite all the screw ups over previous decades, the clown in the Oval Office had $2.50 a gallon gas prices, 1.5% inflation, a very quiet and stable Southern Border, robust stock markets, improving supply chains and store shelves were stocked with groceries and baby formula. If he had done NOTHING we would all be far better off than we are now!
I am not a democrat neither a Republican , both administrations have messed up during this last 50 years , we can find errors both side just to mention Bush Jr who stated the war ag terror which cost 7 trillions , isn’t it Trump who bullying Powell to put the fed fund down . I do not think better of the democrats. What I m trying to say I’d they any , Any president of any party elected in 2020 would had been in a shit seat in the oval room today , because the heritage of the mess of this last 50 years of both administrations , and on top of it the Covid and the war ... Nobody at this stage of the cycle of credit can do a “thing “ this system will die , with a democrat or Republican as a leader . It s too late ...
Now the democrat can throw it to the republicans and vice versa ... and what 90-10 ... non 100-100
Ahah Richard , well what about both parties putting their best to fix the problem for their Americans fellows ... I know I know just dreaming not even in the metaverse.... good night sweet dreams
I respectfully disagree. Virtually everything going wrong right now (and you're a sharp guy so I won't enumerate) is tied either directly or indirectly to Biden's energy policies--period. Oil affects the price and availability of everything and though Trump did want the Fed to keep the rate down that was in 2018 when we had a lot better economic situation and by then were well on our way to energy independence.
Trump threatened to remove us troops from Saudi Arabia right before he left office, unless they cut oil production for the next couple of years... During Biden's term. Right wingers just ignore this, and the fact that Russia picked up almost all of the extra oil sales because of it.
I already responded to you on this. Even if that's true (Reuters isn't exactly a reliable source) so what? Trump must have ESP bigly, or a working crystal ball to have known that Putin would invade Ukraine 13 months after he was cheated, er defeated, in the election. You make a pointless point.
Trump era. 30 million unemployed. Negative GDP. Riots and fires in the streets. 150,000 small businesses closed forever. 107 oil companies went bankrupt. 91,000 oil workers lost their jobs. $8.5 trillion in new debt. Empty store shelves. Attack on the Capitol. 30% rise in violent crime. 1.6 million migrants in FY2020. The list goes on and on.
You do know that there are fewer people employed now than there were in early-2020 before the "pandemic" lock downs right? (The unemployment percentage is a joke because they stop counting people that no longer look for work.) It's the labor participation rate and the number of people that are actually employed that matters and guess why our Commander and Thief doesn't ever mention that?
You do know that those riots and fires in the streets were all the doing of radical Marxist groups that felt they needed to "protest" over a cop killing a drug addicted felon, right?
You do know that the "attack on the Capital" was a very peaceful protest that got out of hand because a minuscule number of the people were goaded into entering the capital by the Capital Police, and the Democrats don't want any investigation into the genesis of that dust up, right?
You do know that a large portion of the 8.5T in new debt wouldn't have happened, but for the pandemic and the various programs and stimulus payments the federal government made to businesses and people, right?
I don't know about any of your oil company and oil workers numbers, but I'm sure when Biden's done Trump's will look wonderful relatively speaking. And, Biden's will only represent four years because you're masters in the Democrat Party have already decided that he's done in 2024. But, you just keep drinking that Kool-Aid.
Check out this quote from Caitlin Johnstone (Aussie):
President Biden used the phrase “Putin’s price hike” again in a reaction to Friday’s Consumer Price Index report revealing continued high inflation, showing once again that the US government believes Americans are idiots.
…
Which is of course absurd. Prices were already soaring and inflation was already at a 40-year high before Russia invaded Ukraine on the 24th of February, and there was never anything inscribed upon the fabric of reality which said the US needed to respond to that invasion with an economic war that has made everything worse. The US initiated these unprecedented acts of economic warfare in response to an invasion it could easily have prevented with a little diplomacy, and has managed to do so without even hurting the strength of the ruble at all.
There are many people Americans could blame for their shrinking bank accounts, but Putin isn’t one of them.
I think you have been in the kool-aid. Did you watch the two episodes about the assault on the capital Jan 6? The third and last will be next week sometime. It shows what really happened with video and in person Republicans testifying. Not good for your party. I bet you won't watch it! You are so in denial.
There are 14,000 hours of video that Nancy Pelosi is suppressing. You think the highly edited video that a sham committee is showing tells the whole story? All you have to know is that Trump offered thousands of National Guard troops to both Pelosi and Bowser days in advance of the rally (by law he can't just put them there) and they declined. That's it, game over.
Look, I am hoping Trump doesn't run in 2024. He has the right message and the right policies, but he's the wrong messenger. You need to get over "Orange Man Bad" and think about all the good he did for the country. Yes, he's crass. Yes, he's braggadocios. And yes, he should have spent less time Tweeting. But, on the substance he was world class. Unlike the clown show that's in the White House right now.
We're in the middle of perhaps the biggest economic storm of our lifetime and you're wasting time watching the Clown Show. That's the walking talking definition of whistling past the graveyard. Tribalism must be one hell of an addictive drug.
You're right. LBJ attempted to do Guns and Butter simultaneously. Failed on both fronts, but managed to leave a humongous turd for the next administration.
Nice call last week on Rickards being the guest this week. I just upgraded to his $99.00 "Pro" version. I think playing options betting on share prices to fall is a great play for the foreseeable future.
Bill all BS (even yours) eventually collapses into the vacuum and no amount of exaggeration that it's all Biden fault is just MORE BS as you said back in 2007' 08' "the catastrophe will stretch out over many years of war, revolution, hunger, poverty, destitution and chaos." nothing has changed except the Fed's BS was continued so now it's come to it's just end nothing to do with Biden or the Dems .. all political parties and the entire population that elected them are GUILTY and will now have to suffer their just deserts ..! whoopee we've waited 15 years for this collapse to recommence and now not even the mighty FED can get them out .. sadly the entire world will suffer simply because the Beacon nation of justice and freedom has fallen into absolute corruption and degeneration in every aspect of human life .. bring it on baby like a virus lets see how all those hypocritical self righteous bastard* who are always looking to BLAME someone or something else other than looking into the MIRROR and recognise who and where the evil really lives and gets its power .. from each and every one who won't obey the basic human commandments especially politics without ethics morals or principle! a country that wants riches without work/effort, Pleasure ad nauseaum without conscience, thinks it can buy knowledge without character to conduct commerce and laughs at any mention of morality or humanity such is what has become of a once proud nation od migrants from the entire planet who've stomped on all the nations foundation principles ..
shame on all of us for letting that dream happen .. especially those who think they have 'escaped' to foreign lands because their is no escape from what's to come ... shame on us all.
Blaming this president or that one misses the mark
Let's not forget that presidents propose spending; it's the Congress that approves; that is, it appropriates the funds, their Constitutional duty.
The time honored phrase is "The president proposes; the Congress disposes."
And also don't forget that nearly each year, it's the Congress who approves by majority vote to raise the debt ceiling.
This allows our elected officials, whether Democrat or Republican, to spend evermore year after year far beyond the revenues our Treasury acquires from taxpayers, duties and fines
Our form of government, I fear, has a serious defect. This defect may be our undoing
After all, not a single voter to my knowledge has ever voted for a candidate who promises to reduce spending, raise taxes and to drain the Federal trough in which so many now frolic.
Nothing happens for decades and then decades happen in weeks.
Pigeons including tweety bird coming home to roost
You might consider graffiti from March 2020 in Bray Co Wicklow:
“The system is the virus”. And politicians completely out of their depth and tone deaf or tin eared.
Gold standard
China
Tax reform and structured increasingly favoring corpns at expense of employees or citizens (rates & breaks for fossil fuels too; renewables?)
Outsourcing
Offshoring
Just in time production
Derivatives
Real estate, a corporate financial instrument
Ideological or commercial wars
All running out of runway.
Bogle had it correctly, a financial services economy is unsustainable; especially one driven by consumer spending by a group whose income continues to plummet.
Stay tuned? Hold on!!
IPS. n a note to posterity and indigenous languages worldwide I don’t believe there is an “h” in Gaelic. Old habits die hard.
How incredibly stupid it all is. The purple corporation robs everyone blind while destroying constitutional protections and yet, the public chooses between blue and red every time, assuring they will go broke and nothing will work.
They have a political solution that is simple. Everyone vote Libertarian. Then the wealth will stay with the earners, the lower classes. All the while the parasite class will have to search out a new hustle. They won't find one, that would take work.
Vote Libertarian to win they should be told. No more fake money, no more vast deep state to pulverize everyone to dust.
better have you bullion coin soup and be ready to get ripped off even for a meager meal .. no matter how you enunciate you 'th's' it won't matter when your food sources are gone .. oh and forget any drinks or wine that's gone as well so best to fly back to originaros' land if u can .. and the 'reckoning' won't be next November it's happening now! how the weather on the old isle ? gonna get hotter soon so save some water .. the commentators below are just more noise trying to distract themselves from their own complicity especially that PGvitriol idiot who can't remember that JFK committed the 'advisors' what a bunch of f***ups no wonder the countries gone to shi*
Inflation is not just in America and the solution is not just from America.
Gas prices in America are cheap so why are they complaining and why does anybody expect over a reasonable amount of time expect gas prices to fall and stay low?
Inflation of 6..7..8..9..10..11 is everywhere. Countries that print excess paper need to stop and we all suffer the consequences of that...but better than ending up with paper that is not even worth wrapping a sardine in.
I believe we should not place all the blame on biden, he is an ass for sure, but only following the plan to destroy the U.S.A., and place our Country, at the same level of all good commie states. If our side can retake leadership we will need to overcome the courts, the beau-rats, etc., at local, state and NATIONAl, levels. Winning does not give us anything but a start. Ralph Wood
Bill, It doesn't really matter who is elected in the November elections,Democrats or Republicans.we are going to pay the piper whoever wins.The election is really a joke at this point.Since 2008 the Presidents,Senators,Representatives,Wallstreet,and the Elite have applauded the Federal Reserve for a great job and their financial statements prove. Trump said he would drain the swamp and eliminate the fed as part of his campaign.he bought an island instead.
The 2s10s curve inverted again today. The 2s thru 5s were up over 30 bps on the day. Risk free rate of return; yeah right :-) Today was the biggest 2y yield spike since the day Lehman filed. No chance of a soft landing now; not that anyone here believed that nonsense. This ought to be one for the history books :-)
Bill, I watched Jim’s video and was incredibly disappointed. You seem to be a man of integrity so I was surprised to hear a long pitch about what might have happened if you made this or that trade. This is the stuff of every b.s. come on we see all the time. Shame on you for this.
Looking like Boomer retirees will share the same fate as the Ukrainian military. Hey, on the bright side the Statists will still have their beloved government. I'm sure a determined government can make things much worse :-)
Beautifully summarized. One of my accounts (inherited recently so I wasn't the one that made the position decisions) lost 30K yesterday. Talk about a sea of red ink. "One for the history books" is right.
Amen! I'm seriously considering up-ing my ante on Sprotts and some other miners. As you're fond of saying, ultimately, the metals will be a lifeboat. I should walk more, I've become too addicted to my golf cart LOL.
I loved Krauthammer as well. He could eviscerate a fool (in the nicest way) like few others.
Agree with being healthy. Looking forward to some good walks next month. Going to Europe for a month and will be walking the Old Course at St. Andrews taking in the British Open. Then some plays in London, the wine country in France. Staying at one of Trump's places on the West coast of Ireland (his places are flat out amazing if you ever get the chance). My only regret is that I can't schlep my golf clubs on this trip.
When those in power do things to create pain for its people, it is called what it is. EVIL. Plain and simple this is man made destruction. People who have worked all their lives to reach a level of wealth that they can step away from the wars of work and worry. Nope, not for Americans. And I can only imagine what is happening in the smaller, poorer countries. Shame on the democrat party and what they have done without any help, or very little, from the republicans. People who have retired are going back to work. The oil and gas industry, if truth be known, probably provides directly or indirectly for more than 20% of our economy. Biden declared war on that part of the economy which, if turned around could lift us out of this "malaise." What a loser.
Don Harrell
Don Harrell
Mr Don Harrell ,
I do not think it s the result of the Democratic Party alone . What a happening now is the consequences of a decision made on the 15th of August 1971 , by a Republican president , since then there is been 6 republicans and 4 democrats presidents , as you can count more republicans than democrats , still I believe is that both party should be shame of what’s happening now , both of them never put the people first I am talking the 90 % of citizens who will suffer the consequences which are coming this decade .
You are totally correct. I was a little too narrow for pointed finger. Should have been all politicians. lol
' Fedflation '
It might not have been unanimous, but PG V lays out a very strong case below that it was 90-10 with the Democrats being 90. But, despite all the screw ups over previous decades, the clown in the Oval Office had $2.50 a gallon gas prices, 1.5% inflation, a very quiet and stable Southern Border, robust stock markets, improving supply chains and store shelves were stocked with groceries and baby formula. If he had done NOTHING we would all be far better off than we are now!
I am not a democrat neither a Republican , both administrations have messed up during this last 50 years , we can find errors both side just to mention Bush Jr who stated the war ag terror which cost 7 trillions , isn’t it Trump who bullying Powell to put the fed fund down . I do not think better of the democrats. What I m trying to say I’d they any , Any president of any party elected in 2020 would had been in a shit seat in the oval room today , because the heritage of the mess of this last 50 years of both administrations , and on top of it the Covid and the war ... Nobody at this stage of the cycle of credit can do a “thing “ this system will die , with a democrat or Republican as a leader . It s too late ...
Now the democrat can throw it to the republicans and vice versa ... and what 90-10 ... non 100-100
Plutôt .
Juan,I totally agree. 100% responsibility should be owned by the Republicans and 100% ownership by the Democrats.thanks
Ahah Richard , well what about both parties putting their best to fix the problem for their Americans fellows ... I know I know just dreaming not even in the metaverse.... good night sweet dreams
Juan, I like the dream,but the train has been off the tracks for to long,and now its going to explode,or is already.
I agree.
QE has been a game of musical chairs and it just was unlucky timing for Biden to have the music stop while he was in office.
The end stages of runaway capitalism.
No friend of mine!!
There was nothing about capitalism related to QE. Do you even read Bonner's stuff?
I respectfully disagree. Virtually everything going wrong right now (and you're a sharp guy so I won't enumerate) is tied either directly or indirectly to Biden's energy policies--period. Oil affects the price and availability of everything and though Trump did want the Fed to keep the rate down that was in 2018 when we had a lot better economic situation and by then were well on our way to energy independence.
Trump threatened to remove us troops from Saudi Arabia right before he left office, unless they cut oil production for the next couple of years... During Biden's term. Right wingers just ignore this, and the fact that Russia picked up almost all of the extra oil sales because of it.
https://www.reuters.com/article/us-global-oil-trump-saudi-specialreport/special-report-trump-told-saudi-cut-oil-supply-or-lose-u-s-military-support-sources-idUSKBN22C1V4
I already responded to you on this. Even if that's true (Reuters isn't exactly a reliable source) so what? Trump must have ESP bigly, or a working crystal ball to have known that Putin would invade Ukraine 13 months after he was cheated, er defeated, in the election. You make a pointless point.
Trump era. 30 million unemployed. Negative GDP. Riots and fires in the streets. 150,000 small businesses closed forever. 107 oil companies went bankrupt. 91,000 oil workers lost their jobs. $8.5 trillion in new debt. Empty store shelves. Attack on the Capitol. 30% rise in violent crime. 1.6 million migrants in FY2020. The list goes on and on.
You do know that there are fewer people employed now than there were in early-2020 before the "pandemic" lock downs right? (The unemployment percentage is a joke because they stop counting people that no longer look for work.) It's the labor participation rate and the number of people that are actually employed that matters and guess why our Commander and Thief doesn't ever mention that?
You do know that those riots and fires in the streets were all the doing of radical Marxist groups that felt they needed to "protest" over a cop killing a drug addicted felon, right?
You do know that the "attack on the Capital" was a very peaceful protest that got out of hand because a minuscule number of the people were goaded into entering the capital by the Capital Police, and the Democrats don't want any investigation into the genesis of that dust up, right?
You do know that a large portion of the 8.5T in new debt wouldn't have happened, but for the pandemic and the various programs and stimulus payments the federal government made to businesses and people, right?
I don't know about any of your oil company and oil workers numbers, but I'm sure when Biden's done Trump's will look wonderful relatively speaking. And, Biden's will only represent four years because you're masters in the Democrat Party have already decided that he's done in 2024. But, you just keep drinking that Kool-Aid.
Check out this quote from Caitlin Johnstone (Aussie):
President Biden used the phrase “Putin’s price hike” again in a reaction to Friday’s Consumer Price Index report revealing continued high inflation, showing once again that the US government believes Americans are idiots.
…
Which is of course absurd. Prices were already soaring and inflation was already at a 40-year high before Russia invaded Ukraine on the 24th of February, and there was never anything inscribed upon the fabric of reality which said the US needed to respond to that invasion with an economic war that has made everything worse. The US initiated these unprecedented acts of economic warfare in response to an invasion it could easily have prevented with a little diplomacy, and has managed to do so without even hurting the strength of the ruble at all.
There are many people Americans could blame for their shrinking bank accounts, but Putin isn’t one of them.
You sent your response to the wrong person.
I think you have been in the kool-aid. Did you watch the two episodes about the assault on the capital Jan 6? The third and last will be next week sometime. It shows what really happened with video and in person Republicans testifying. Not good for your party. I bet you won't watch it! You are so in denial.
It wasn't an "insurrection". It was a guided tour. Why else did the Capitol Police open the doors and wave everyone in?
Tour guide was Ray Epps 😂
Please stay within the velvet ropes and be sure to snap copious selfies 😂
Clown Show 😂
There are 14,000 hours of video that Nancy Pelosi is suppressing. You think the highly edited video that a sham committee is showing tells the whole story? All you have to know is that Trump offered thousands of National Guard troops to both Pelosi and Bowser days in advance of the rally (by law he can't just put them there) and they declined. That's it, game over.
Look, I am hoping Trump doesn't run in 2024. He has the right message and the right policies, but he's the wrong messenger. You need to get over "Orange Man Bad" and think about all the good he did for the country. Yes, he's crass. Yes, he's braggadocios. And yes, he should have spent less time Tweeting. But, on the substance he was world class. Unlike the clown show that's in the White House right now.
We're in the middle of perhaps the biggest economic storm of our lifetime and you're wasting time watching the Clown Show. That's the walking talking definition of whistling past the graveyard. Tribalism must be one hell of an addictive drug.
You're right. LBJ attempted to do Guns and Butter simultaneously. Failed on both fronts, but managed to leave a humongous turd for the next administration.
Nice call last week on Rickards being the guest this week. I just upgraded to his $99.00 "Pro" version. I think playing options betting on share prices to fall is a great play for the foreseeable future.
Bill all BS (even yours) eventually collapses into the vacuum and no amount of exaggeration that it's all Biden fault is just MORE BS as you said back in 2007' 08' "the catastrophe will stretch out over many years of war, revolution, hunger, poverty, destitution and chaos." nothing has changed except the Fed's BS was continued so now it's come to it's just end nothing to do with Biden or the Dems .. all political parties and the entire population that elected them are GUILTY and will now have to suffer their just deserts ..! whoopee we've waited 15 years for this collapse to recommence and now not even the mighty FED can get them out .. sadly the entire world will suffer simply because the Beacon nation of justice and freedom has fallen into absolute corruption and degeneration in every aspect of human life .. bring it on baby like a virus lets see how all those hypocritical self righteous bastard* who are always looking to BLAME someone or something else other than looking into the MIRROR and recognise who and where the evil really lives and gets its power .. from each and every one who won't obey the basic human commandments especially politics without ethics morals or principle! a country that wants riches without work/effort, Pleasure ad nauseaum without conscience, thinks it can buy knowledge without character to conduct commerce and laughs at any mention of morality or humanity such is what has become of a once proud nation od migrants from the entire planet who've stomped on all the nations foundation principles ..
shame on all of us for letting that dream happen .. especially those who think they have 'escaped' to foreign lands because their is no escape from what's to come ... shame on us all.
Unfortunately, and in sadness I have to agree with you ... shame and sad to have come to that point in history with such knowledge... “Quel gâchis “
Se it is a sadness beyond words but it had to happen .. now it will sort the wheat from the chaff ..
Blaming this president or that one misses the mark
Let's not forget that presidents propose spending; it's the Congress that approves; that is, it appropriates the funds, their Constitutional duty.
The time honored phrase is "The president proposes; the Congress disposes."
And also don't forget that nearly each year, it's the Congress who approves by majority vote to raise the debt ceiling.
This allows our elected officials, whether Democrat or Republican, to spend evermore year after year far beyond the revenues our Treasury acquires from taxpayers, duties and fines
Our form of government, I fear, has a serious defect. This defect may be our undoing
After all, not a single voter to my knowledge has ever voted for a candidate who promises to reduce spending, raise taxes and to drain the Federal trough in which so many now frolic.
Ah if it was so simple.
Nothing happens for decades and then decades happen in weeks.
Pigeons including tweety bird coming home to roost
You might consider graffiti from March 2020 in Bray Co Wicklow:
“The system is the virus”. And politicians completely out of their depth and tone deaf or tin eared.
Gold standard
China
Tax reform and structured increasingly favoring corpns at expense of employees or citizens (rates & breaks for fossil fuels too; renewables?)
Outsourcing
Offshoring
Just in time production
Derivatives
Real estate, a corporate financial instrument
Ideological or commercial wars
All running out of runway.
Bogle had it correctly, a financial services economy is unsustainable; especially one driven by consumer spending by a group whose income continues to plummet.
Stay tuned? Hold on!!
IPS. n a note to posterity and indigenous languages worldwide I don’t believe there is an “h” in Gaelic. Old habits die hard.
Almost. I forgot that old chestnut:
“Trickle down”
Not to mention Cold War govt (taxpayer) funding of technology advances.
Maybe it’s all voodoo economics and fuzzy math, after all.
How incredibly stupid it all is. The purple corporation robs everyone blind while destroying constitutional protections and yet, the public chooses between blue and red every time, assuring they will go broke and nothing will work.
They have a political solution that is simple. Everyone vote Libertarian. Then the wealth will stay with the earners, the lower classes. All the while the parasite class will have to search out a new hustle. They won't find one, that would take work.
Vote Libertarian to win they should be told. No more fake money, no more vast deep state to pulverize everyone to dust.
better have you bullion coin soup and be ready to get ripped off even for a meager meal .. no matter how you enunciate you 'th's' it won't matter when your food sources are gone .. oh and forget any drinks or wine that's gone as well so best to fly back to originaros' land if u can .. and the 'reckoning' won't be next November it's happening now! how the weather on the old isle ? gonna get hotter soon so save some water .. the commentators below are just more noise trying to distract themselves from their own complicity especially that PGvitriol idiot who can't remember that JFK committed the 'advisors' what a bunch of f***ups no wonder the countries gone to shi*
Nice!
Ok, thanks for the reply. Now I know what to expect in the future.
"We conclude that, under a paper-money system, a determined government can always generate higher spending and hence positive inflation."
Ben S. Bernanke (November 21, 2002) - Time Person of the Year 2009 :-)
Inflate or Die :-)
Inflation is not just in America and the solution is not just from America.
Gas prices in America are cheap so why are they complaining and why does anybody expect over a reasonable amount of time expect gas prices to fall and stay low?
Inflation of 6..7..8..9..10..11 is everywhere. Countries that print excess paper need to stop and we all suffer the consequences of that...but better than ending up with paper that is not even worth wrapping a sardine in.
HELP! I am not getting my subscription emails. Is there anyone who can give me an email or phone number to contact a human being that can help me?
I believe we should not place all the blame on biden, he is an ass for sure, but only following the plan to destroy the U.S.A., and place our Country, at the same level of all good commie states. If our side can retake leadership we will need to overcome the courts, the beau-rats, etc., at local, state and NATIONAl, levels. Winning does not give us anything but a start. Ralph Wood
Bill, It doesn't really matter who is elected in the November elections,Democrats or Republicans.we are going to pay the piper whoever wins.The election is really a joke at this point.Since 2008 the Presidents,Senators,Representatives,Wallstreet,and the Elite have applauded the Federal Reserve for a great job and their financial statements prove. Trump said he would drain the swamp and eliminate the fed as part of his campaign.he bought an island instead.
The 2s10s curve inverted again today. The 2s thru 5s were up over 30 bps on the day. Risk free rate of return; yeah right :-) Today was the biggest 2y yield spike since the day Lehman filed. No chance of a soft landing now; not that anyone here believed that nonsense. This ought to be one for the history books :-)
Bill, I watched Jim’s video and was incredibly disappointed. You seem to be a man of integrity so I was surprised to hear a long pitch about what might have happened if you made this or that trade. This is the stuff of every b.s. come on we see all the time. Shame on you for this.
I already subscribe which is why I don’t appreciate a pitch for another,
Looking like Boomer retirees will share the same fate as the Ukrainian military. Hey, on the bright side the Statists will still have their beloved government. I'm sure a determined government can make things much worse :-)
Beautifully summarized. One of my accounts (inherited recently so I wasn't the one that made the position decisions) lost 30K yesterday. Talk about a sea of red ink. "One for the history books" is right.
Amen! I'm seriously considering up-ing my ante on Sprotts and some other miners. As you're fond of saying, ultimately, the metals will be a lifeboat. I should walk more, I've become too addicted to my golf cart LOL.
I loved Krauthammer as well. He could eviscerate a fool (in the nicest way) like few others.
Agree with being healthy. Looking forward to some good walks next month. Going to Europe for a month and will be walking the Old Course at St. Andrews taking in the British Open. Then some plays in London, the wine country in France. Staying at one of Trump's places on the West coast of Ireland (his places are flat out amazing if you ever get the chance). My only regret is that I can't schlep my golf clubs on this trip.
Good for you. Good luck!