The following is a reprint from 2009 to reflect where the problems that have impacted the United States for the last 25 years plus originated. […]
About That Golden Age GDP Report for Q4 2025
Today's GDP report came out and of course the media focused on their favorite metrics but the statement from the Bureau of Economy Analysis couldn't have been release before President Trump released his usual social media commentary. Actually, "Two Late" (sic) Powell could have cut rates 100 bps in September but the President who is nothing even remotely close to being an economist much less a banker doesn't understand anything about the Fed's transmission rate or duration. The report was ugly enough for him to truther so let's see why together: That's brutal, a 3% drop primarily attributed to 1% for the shutdown and a general slow down in economic activity across the board. This has nothing to do with…
About That Golden Age GDP Report for Q4 2025
Today's GDP report came out and of course the media…
Trump’s EPA Decision was Based on Science and Logic
I long ago said that when President Trump did good…
Is the Precious Metals Correction Over?
The panic for the permabulls in precious metals was palpable.…
01.30.26 Bank Failure Friday First of 2026: Metropolitan Capital Bank Chicago, IL
I guess while the regulators are still working a few…
It’s the Solvency Stupid
July 8, 2008 9:12 am By John Galt There has been a lot of speculation and postulation by the Bubblevision crowd and those declaring a […]
The Wile E. Coyote Moment
by John Galt March 20, 2008There is a time when everything in a moment of history coalesces or intersects as I have stated in the […]
The Ballad of Hammerin’ Joe
By John Galt April 29, 2008 This is the storyAbout Hammerin’ Joe,Hittin’ everythingWith his hammer you know, Then one day,He made a mighty hit,And broke […]
Deflationerrory Thinking
By John Galt January 1, 2008 Sigh. There is a philosophical battle among the bears and doomers and it’s really quite frustrating as both parties […]
Painting the Swan
October 11, 2007 By John Galt For the uninitiated, I am a historian by training and hobby, an op-ed writer and blogger by habit. Yes, […]
Goldilocks Autopsy
by John Galt August 2, 2007 Despite the Fantasyland tickets being issued by the Bubblevisionistas, there is an extremely harsh reality sinking in to many […]
The Black Pearl is Sinking
By John Galt August 8, 2007 On March 18, 2005, Rob Kirby wrote one of the best articles warning everyone about what the future of […]
It’s Still a Bubble Part 21: Insanity Reigns Supreme
Apparently Jay Powell misunderstood the phrase “irrational exuberance” because instead of extinguishing it by announcing a 50 basis point increase, the Fed went full on […]
Welcome to the BOT
This will be a history lesson for those who have never been here before and a terrifying warning for those who think the policies of […]
What the Fed Really Said Today
I could easily sum up the press conference and statement with a music video: Unfortunately for those who think the Federal Reserve actually has a […]
FOMC Preview: Go Big or Go Home
Today is another adventure in the world of Jay Powell. There are many who show great respect for the Federal Reserve and its Chairman, however […]
The Japanese Yen Says Good Morning
Buckle up folks, currency traders are preparing everyone for a wild ride. Meanwhile the implications of the much speculated 50 bps cut in concert are […]