By John Galt November 3, 2007 As my wife and I entered the flea market, we understood the risks we took that day. Shopping for […]
2008, If America is Lucky
Why does this grizzled, bitter, old historian pray for a 1973 outcome where a bear market that wiped out 45% of the market and created the phrase "stagflationary recession" as part of the American lexicon look like an acceptable outcome? Let's review a little history together and hope that this author is wrong about the outcome, especially if the egos involved parallel another President's in distant history. I. The 1973-1974 "Silent" Bear Market So why was 1973 such a consequential year in US history? -An extremely unpopular war was winding down and coming to an end - modern corollary: Iran War -Inflation was embedded, persistent, and continuing despite Presidential announcements otherwise - modern corollary: Bessent/Hassett claiming inflation or affordability was…
08.06.26 Credit Union Failure Thursday: African Diaspora FCU Goes Tango Uniform
1. I've never heard of it either. 2. Still don't…
FOMC Statement: Talk like Greenspan, Perform Like a Powell Pillow Fight
Weirdly enough, this author gets lumped into the nutty conspiracy…
7/29 Most Critical FOMC Meeting Ever Preview; Sort Of
As the world turns, these are the days of our…
More Inflation Warnings at the Pump
There isn't much need for commentary as this chart via…
Prepetorial #1: “I saw a flash”
By John Galt October 30, 2007 The following is my first “prepetorial”; a word I concocted to try to introduce the idea of “prepping” along […]
“Weimerica”
By John Galt Jul 24, 2007 In the early 1920’s, the Weimar Republic of Germany created an economic miracle in the eyes of some as […]
The ULTIMATE Economic Hit: Target-America… Patient Condition: CRITICAL
By John Galt April 14, 2006 First and foremost, yes, this is another editorial. I came back from a camping trip one day early to […]