Tag Archives: business cycle
Facing Down a Wrath of Biblical Proportions
An enterprising entrepreneur did a comedic graphic of Federal Reserve Chairman Jerome Powell captioned: “IN JPOW WE TRUST.” You may have seen it. The image shows Powell flamboyantly wearing a preacher’s robe and making an esoteric hand gesture with his right hand. His face is grimacing like he’s passing a kidney stone. Continue reading
Should You Buy the Dip?
Something remarkable happened yesterday [Thursday]. Stocks didn’t go up. They went down…and they went down a lot. The S&P 500 dumped 5.89 percent. But that was nothing. Gannett Co. crashed 29.5 percent, Noble Corporation plunged 25.51 percent, and Denbury Resources dropped 23.65 percent. Should you buy the dip? Continue reading
Getting to a Special State of Ugly
The world, circa 2019, is a fabricated reality. Debt, piled upon debt, piled upon debt, ad infinitum, has erected a financial order that’s at perilous odds with the underlying economy. Central bankers attempt to manipulate fake money and fake foreign exchange rates to keep the debt pile from cascading down. Continue reading
As the Madness Turns
This is the mad world we live in. A world that will only get madder as policies of desperation are rolled out in earnest to keep the price of money cheap, the price of assets high, and the government swindlers in Washington flush with money borrowed on the backs of the unborn. But make no mistake, this madness will turn. First it will turn to fear, then to anger, and then to death… Continue reading
