· Jerome Powell no longer believes the economy will have a soft landing. · Joe Biden is creating severe moral hazards with student loan forgiveness.
The power to inflate is the power to destroy. Fed ensures most Americans are living on the edge. Quantitative Easing is just another word for
Gold stocks a coiled spring; prices already doubled in one month. Paper gold might end up as just paper. More money for small businesses will
Oil prices collapse into the negatives. Lower oil prices are still inflationary. Gold ETFs beginning to look risky as supplies lag demand. Oil and gold
Optimism in market from progress toward vaccine. Wall Street showing their bias against gold stocks. Fed’s balance sheet climbing toward 7 trillion. Bailouts will kill
Markets rallied yesterday and surrendered it all back today. Financials did not participate in yesterday’s rally, signaling trouble ahead. Banks getting backdoor bailouts. Lenders clamping
Gold hits 7 year high and is still cheaper than it’s ever been. Mining stocks even better bargain than the metals. Amazon and Netflix overvalued
Another week, another multi-trillion dollar Fed program. Government spending has to be paid in either taxation or inflation and we’re about to pay for it
Markets overly optimistic that the worst is behind us. Trump keeps his friends close and his enemies closer – gets Kudlow to repudiate everything he
Jobs numbers came out today and the news didn’t matter. Art Laffer knows there’s no free lunch – calls stimulus taxation. Nothing is as permanent
