Silver squeeze has London traders scrambling.
All in Economics
Libertarian? Melei asks Uncle Sam for a Bailout
Argentina rattles its tin cup at Uncle Sam.
Gundlach on Gold
A lower dollar will lead to higher gold prices, says Jeffrey Gundlach.
Another "Lone Nut"
Murray Rothbard questioned the lone nut thesis.
Rothbard on Billionaires
Murray always told us billionaires are kooks.
Not Too Short, Not Too Late, Maria Would be just right for Fed Chair
Remember that when Trump took office in 2017, the very dovish Janet Yellen was Fed Chair. But he thought she was too short. So, he picked Jerome Powell who he now calls a “major loser,” a “stubborn mule” and a “numbskull.”
Silver Price Shows What Government Has Done to Our Money
Gas prices are actually lower in silver terms.
Portland's Politics and the Fall of Big Pink
Portland office building symbolizes what results with liberal policies.
Gold Fortunes Changing Hands
Gold price spike has buyers and sellers lined up.
Shower Heads Likely to Supreme Court
Trump’s Executive order concerning shower heads will likely be heard by SCOTUS.
Mercantilism, Smells Like Stagflation
Trump’s tariff policy is essentially mercantilism.
Private Firefighters: Not Just For The Elite Anymore
Not just Hollywood's elite are hiring private firefighters. Utility companies whose infrastructure requires careful upkeep and major insurers like AIG and Chubb, are calling on the services of private firefighters. Even government jurisdictions needing to supplement their fire departments, or lack thereof.
Rowdy FDIC Signals ex-SVB Execs Should Lawyer UP
A lump of coal for some ex-bankers who will be punished for not being clairvoyant.
Regulate and Pretend
There were over 14,496 FDIC-insured U.S. banks in 1984. As of June 30 2024, the number had decreased to 4,539. Three regulators fighting over fewer than a third of the banks that were operating 40 years ago. Thousands of regulators overseeing bankers pretending bad loans are good. The status quo.
America is not ready for a Javier Milei
Milei, being a student of the Austrian school knew a depression was needed to cleanse the Argentina economy.
Good and Hard
They believe democracy allows them to vote for lower prices and higher wages. Not hardly. Inflationism was put in place long ago, making some people winners and some people losers.
Promises, Promises
It’s unlikely that crony capitalist Musk can do the impossible. After all, he’s made his fortune from big government. He doesn't want to shrink the space program, or stop EV tax credits.
Consumers Upbeat, Bankruptcies and Foreclosures Increase
Despite Joe and Jane Doe’s cheery attitude, ATTOM has issued a report indicating that lenders on commercial properties are beating a path to the courthouse steps. Commercial foreclosures totaled 752 in May of this year and remained elevated in September at 695.
Chinese Authorities to Stop Economic Cleansing
The Chinese economy is experiencing just such a depression and the authorities in command and control China met this weekend and are going to abort the cleanse and aggressively intervene. Bl
Eggs and Nest Eggs
Rob Williams, managing director of financial planning at Charles Schwab, told AARP, “Some may feel the increase for 2025 is low relative to the inflation they feel in their pocketbooks,” Williams says. “Still, it’s a welcome increase that builds on a 5.9 percent increase in payments in 2022, 8.7 percent in 2023 and 3.2 percent this year.”