“Those who cannot remember the past are condemned to repeat it.”–George Santayana, The Life of Reason, 1905 Before I offer a brief analysis of the […]
Warsh, Rinse, Repeat
Meet the new boss, same as the old boss. With those prophetic words uttered by The Who, America welcomes a new Chair to the Federal Reserve replacing a Burnsian like failure, Jay Powell. The question becomes what type of Fed Chair does Kevin Warsh intend to emulate or does he actually have a new reform minded program which might actually modernize some of the antiquated thinking which has lead to crisis after crisis since LTCM in 1998? I. The Greenspan Repeat? To answer this question, let's review some of the commentary and statements from Mr. Warsh himself to formulate some ideas. New Fed Chair Kevin Warsh suggests he may take an Alan Greenspan-style approach at the central bank The following…
What if the Bond Market Isn’t Warning About Inflation
The common theory being propagated by the media is that…
Credit Union Failure Vacation Edition: Jackson Area Federal Credit Union in Jackson, MS
I go on vacation to the tropics for a week…
05.01.26 Bank Failure Friday Returns: Community Bank and Trust LaGrange, GA
It's been a while, but here we go again. From…
A Quick Prediction on Today’s CPI Report
If we’re all supposed to be dorks and believe the financial pump and dump media, the BLS report on CPI at 8:30 a.m. will be […]
The Silver Breakout Indicates Much Higher Prices
At the end of 2024, I posted my annual prediction for precious metals with gold already nailing its year end target earlier than I even […]
S&P 500: Gappapalooza
There are bear market rallies and then there are bear market rallies based on nothing but hopium and prayer. Well, this author is all out […]
China’s Version of the Trump-Xi Phone Call is Interesting
The following is the full government readout from China of the Trump-Xi phone call via Xinhua: Xi says dialogue, cooperation only correct choice for China, […]
06.06.25 NFP and Employment Predictions With a Touch of History
The hoopla surrounding the great Elon Musk v. Donald Trump social media conflict seems to be calming down this morning so let’s take a moment […]
06.05 10:46 a.m.: Trump Posts About Xi, WTF
Let us start with the posting from Truth Social: First off, one more time for the mentally challenged, THERE IS NO TRADE DEAL, just a […]
It Finally Happened: Trump Called Xi
And another great meme dies after two months of the trade war. In what has been hyped, lied about, promoted, and used to pump markets […]
Silver: It’s Happening
Finally. If silver breaks out above $35, as I’ve been saying forever, and closes with higher volumes above this level or preferably $36, then the […]
Secretary of Commerce Lutnick Surrenders the Trade War
There are news events which fly under the radar, and then there a days where the major news story is so obvious it should terrify […]
America’s Downfall: Everyone’s Watching, No One is Listening
And sadly, even fewer are reading. So why the title of tonight’s rant and why it is 100% germane to the future of the United […]
I Just Can’t, But We Will…2009 Flashbacks (Video)
If the following video is indicative of just 10% of the Gen-Z or Millennial generations, God help us as this makes 2009 look like a […]
The Trump Team Forgot to Bring the Power to the Trade War
IN the early days of the 1970’s, a famous commercial aired about Calgon water softening products with the catch phrase “Ancient Chinese Secret” which was […]
The Tariff Ruling: A Nothingburger or Taco of Consequence?
The Court of International Trade, an Article III Constitutionally created by Congress to adjudicate trade disputes since the 18th century, dropped what at first appeared […]
The Richmond Fed Survey Screams Stagflation
I just wonder if they cleared that with old Jay before they released it. For the record, so my readers know that this author is […]