In the wee hours of this morning Zero Hedge posted up the following story: German Retailers To Increase Food Prices By 20-50% On Monday Some […]
End of An Error
Parting is such sweet sorrow. And with those words I bid adieu to Federal Reserve Chairman Jerome ("Jay") Powell who held what should be his final presser in that role. There is no point in reviewing what he said but let's take a moment to look at the final FOMC meeting with the statement published today: April 29, 2026 Federal Reserve issues FOMC statement Recent indicators suggest that economic activity has been expanding at a solid pace. Job gains have remained low, on average, and the unemployment rate has been little changed in recent months. Inflation is elevated, in part reflecting the recent increase in global energy prices. The Committee seeks to achieve maximum employment and inflation at the rate…
A Preparation for Hyperinflation or Worse?
While these pages were busy recovering from surgery, a story…
Wash, Rinse, Repeat: Stocks Hit Another All Time High
But Where oh Where Have I Seen this Before Before…
Trucking’s Pre-Recession Warning or Impending Recovery?
The recent recessionary directional indication from the 4th quarter GDP…
Saudi Aramco Raises Oil Prices to Record Levels
Good thing those guys are our “ally” and they listen to Senile Joe, right gang? From Reuters: Saudi Arabia raises May Arab Light crude prices […]
That didn’t take long: Less than 48 hours after the Gas was Shut Off, Latvia Agrees to pay in Rubles
The first article from early Sunday morning from Europe was obvious: Baltic nations first in Europe to cut Russian oil imports, but concerns remain From […]
Russia – Ukraine War: An Avoidable Conflict?
For the regular readers of these pages, this is not the daily update of the war in Ukraine. Instead, this is a query into the […]
Adios to CW McCall
Who? Way back in the 1970’s he came out with a smash hit, which actually was one of the rare times a song was converted […]
04.03.22 Russia-Ukraine War: Odessa Under Attack
16:00 UTC UPDATE: More attacks in the center of Ukraine tonight with news of another attack on Mykolaiv: Apparently the German government is trying to […]
04.02.22 Russia Cuts off Gas Shipments to Germany
This story is presented with one caveat as the only news source is the UK Express at this time: ‘Hostile environment!’ Germany left scrambling as […]
04.01.22 Russia-Ukraine War: The Fog of Fog
When this war started over a month ago, many of the bloggers, writers, and “experts” were under the impression that the Russian military had restructured […]
More Proof America is Doomed in Two Tweets
Sometimes, I just review Twitter for breaking news, weird takes, or fun stuff like the Trump information provided by the neo-socialists at Business Insider. Then […]
Thank you Former President Trump
I realize that I have not been posting as much in the last week, but due to some major personal issues, I have been quite […]
Two Charts Says the US Economy is Doomed
And I don’t mean just 2008 doomer radio doomed like I used to broadcast via shortwave radio. I think this time we are doomed like […]
03.30.22 09:00 UTC Russia-Ukraine War Update: China Throws a Wrench into Peace Proposal
The world’s markets rallied once again on fake news that the “peace” overtures by the Russians and Ukrainians meant that this war is almost over. […]
03.29.22 21:00 UTC Russia-Ukraine War Update: No Rubles, No Gas and No Ceasefire
The story yesterday about Ukrainian forces executing captured Russian soldiers was bad enough, but if the reports originating from pro-Russian media are true, it is […]
The Undeclared War on Gold and Oil
One might just ask a very logical question: Who and how does one declare war on inanimate objects? If it means the end of Western […]
Ignore This Economic Marker at Your Own Risk
This is what is known as a major macroeconomic data point which will have major repercussions by end of 2022: With the 3’s, 5’s, 7’s, […]