Category Archives: Politics
LALA Land is Coming to a Town Near You
The delusion of California Dreamin’ over the years has most faithfully emanated from Los Angeles – LALA Land. During the pre-World War II days, before the mania to splatter every square foot of its surface with concrete took hold of the local spirits, the place was already a magnet for eccentrics, pyromaniacs, and hucksters galore. Continue reading
Suffering the Fed’s Mistakes
The proof is in the pudding. The Fed’s track record over many decades shows it’s unable to get interest rate policy right. In fact, over just the last 30 years Fed policies have orchestrated three massive boom and bust cycles. Continue reading
Trumpism and the Fading Dollar
Trumpism seeks to correct the symptoms of trade imbalances on the back end with tariffs rather than snuffing them out at the root cause with honest money and a balanced budget. Without honest money and a balanced budget, all attempts to correct the trade distortions are pointless. On the whole, they may make things worse. Continue reading
Trump Plays with Fire
Bear markets are for the patient few. Those who can resist the countless occasions to lose money. With each bounce comes an opportunity for investors to buy higher so they can later sell lower. Continue reading
