The traditional analysis keeps calling for the next Black Swan event asserting that massive leveraging of US nonfinancial businesses since 1972 is incompatible with the stock market levels rising from 62% to 204% of GDP. Of course, this analysis is ALWAYS the typical economist view which is the entire problem. The traditional analysis is why […]

Every now and again I get those stupid hate emails to blame the federal reserve and central banks for everything while NEVER once do they ever look at the history of central banks and how Congress has been manipulating the law changing the definition of what the Fed was even supposed to be. They do […]

I have said before when I met with the former Prime Minister of Australia trying to buy land for the people of Hong Kong and he refused to allow them to migrate because he was Labour and they would vote Conservative. It is always about power. Now Biden made a choice. He is raising the […]

  ASIA: The US central bank warned Monday that China’s ongoing property woes could elevate “financial stresses in China, [which] could further strain global financial markets and negatively affect the United States.” In its biannual report on financial stability, the Fed pointed specifically to the crisis at Evergrande, China’s most indebted developer. The company has […]

ASIA: China posted a record monthly trade surplus in October as exports surged despite global supply-chain disruptions. Exports rose 27.1% in dollar terms last month from a year earlier to $300.2 billion, data from the General Administration of Customs showed Sunday. That was the 13th straight month of double-digit growth, and exceeded economists’ expectations of […]

(Image provided by Scott Winstead) I have stated countless times before that an apprenticeship or on-the-job experience is superior to formal education. The curriculum is shaped by left-leaning professors who are funded by left-leaning organizations. Even a North Korean defector reported feeling that students were “choosing to be brainwashed,” and felt that the curriculum at […]

ASIA: Singapore’s central bank unexpectedly tightened its monetary policy on Thursday, delivering its first such move in three years amid mounting cost pressures caused by supply constraints and a recovery in the global economy. The central bank, which manages its policy through exchange rate settings, said it would raise the slope of its currency policy […]

I have direct contact with many pilots at Southwest and they were reporting that weather had nothing to do with the 1,000 flights that were canceled. Now, the airline was forced to back down and unvaccinated employees can remain. Pilots have been concerned that those who were vaccinated developed blood clots and could no longer […]

Consumer debt in the US reached $14.88 trillion in 2020, according to Experian’s consumer debt study. That is a $3 trillion increase in the past decade, and spending in 2021 has only amplified. Nearly 42% of US adults have reported falling deeper into debt since March 2020, and according to a survey by BankRate.com, 2,400 […]

  What Greenwald is talking about is so true, and nobody will ever investigate. When I was in contempt, the FBI set up the girlfriend of a manager at Resorts Casino in Atlantic City. They had his girlfriend “help” a friend who said if she did not deliver drugs they would kill her. She tried […]