Markets rally on news of Merck Covid pill. Drug efficacy should be left to the market, not the government. FDA sacrifices human beings like lab
Political theater plays out over the debt ceiling. US was biggest gainer from low interest rates, but will be biggest losers when rates are high.
Fed has become an arm of the US Treasury. Powell admits inflation problem is bigger and worse than he predicted. Investors rush back into energy
Less dovish is not hawkish. Mother of all bear markets in bonds may have just begun. Republicans only care about deficits and spending when Democrats
Fed says the economy is great, but they will maintain the emergency policies they put in place when the economy was terrible. Fed will always
China won’t let Evergrande be the next Lehman Brothers. Fed took us 1 step forward and 100 steps back. Higher retail sales doesn’t mean consumers
Take the CPI numbers with a grain of salt. The CPI will catch up to the PPI. Fed’s new definition of transitory means a permanent
Producer Price Index numbers come in higher than expected for 9th month in a row. Inflation trends show no sign of being transitory. When you
Grover Cleveland was really a libertarian and one of our greatest presidents. The populist movement lead to Labor Day and ultimately in 1913 to the
Jobs numbers disappoint expectations, but Biden brags. Inflation expectations highest since just before 2008 financial crisis. AOC pressures Biden to nominate a more woke Fed
