COMMENT: Marty, I just had to write to congratulate you on Socrates’s truly amazing ability to forecast so many markets and economic statistics without opinions that are far too often colored by personal biases. I made a friendly bet with a friend in the bank that unemployment would start to rise in July. I won. […]
With each passing day, our Nation is declining into a state of where civilization is no longer sustainable. Senate Majority Leader Chuck Schumer has introduced legislation seeking to strip Donald Trump of any immunity for his definition of a criminal action, in a blatant usurpation of power where he seeks to reverse the Supreme […]
The private debt crisis is becoming apparent in America after car repossessions jumped 23% during the first half of 2024. Data shows that 1.6 million Americans will have their car repossessed by the bank before the end of the year, a slight increase from the 1.5 million autos repossessed in 2023 and a drastic upturn […]
I had the privilege of knowing Normal Rockwell back in the 1970s. His most famous war poster, created to raise money for World War II, asserted that if we lost, we would lose our freedom of speech. It is good that Norman is no longer with us. If he were alive today, he would be […]
ASIA: The major Asian stock markets had a mixed day today: NIKKEI 225 decreased 975.49 points or -2.49% to 38,126.33 Shanghai decreased 6.36 points or -0.22% to 2,932.39 Hang Seng decreased 39.64 points or -0.23% to 17,304.96 ASX 200 increased 22.40 points or 0.28% to 8,114.70 KOSPI increased 6.99 points or 0.25% to 2,777.68 […]
Russia has announced that it will implement a digital ruble by next July. Moscow will begin using cryptocurrency for some foreign transactions to bypass sanctions and SWIFT. As of November 2024, Russia will permit crypto mining, so long as it is carried out under the watchful eye of the government. The Bank of Russia will […]
Serving debt is the largest cost of Washington’s debt crisis; America currently spends $2.4 billion in daily interest fees alone. The debt and spending simply cannot keep up with what America is bringing in. The federal govt spent $658 billion on interest fees in 2023, a 38% jump from the $476 billion in servicing debt […]
There has been so much disinformation and sensationalizing of Quantitative Easing that this has led to academic economists who lack any trading experience to propose Modern Monetary Theory for its seems nobody actually comprehends what the hell is really going on. Much of the problem stems from this ancient theory that if you increase the […]
ASIA: The major Asian stock markets had a green day today: NIKKEI 225 increased 575.87 points or 1.49% to 39,101.82 Shanghai increased 59.45 points or 2.06% to 2,938.75 Hang Seng increased 341.69 points or 2.01% to 17,344.60 ASX 200 increased 139.10 points or 1.75% to 8,092.30 KOSPI increased 32.50 points or 1.19% to 2,770.69 […]
Clinton’s Gimmick Shifting to Short-term Funding to Reduce Interest Expenditures. I wrote as a guest columnist for the Wall Street Journal back on April 19, 1995, dealing with an issue that seemed to go over everyone’s head. At the time, President Clinton (1993-2001) was able to balance the budget, and nobody seemed to understand how […]
