We published a detailed series of articles in our free newsletter, which go into extensive detail on this topic. You can access these here. We’ve synthesized below some of the key ideas we think everyone should be aware of. COP26 is the stupidest act of the assembled nations since Versailles, when the vindictive WWI victors

We’re witnessing an explosion of options trading in both broad indices and single stocks. Since the turn of the century the increase in average daily volume has been staggering and relentless, rising by 13.3X. Options volume now far exceeds actual cash transactions in the underlying securities. Nine of the 10 most active call-options trading days […]

As of June 30, 2019, the Fed’s balance sheet stood at $3.8 trillion, and the US GDP clocked in at $21.29 trillion annualized for the quarter ending that date. Fast forward two years later and those figures have become $8.33 trillion and $22.7 trillion, respectively. That’s right. The craven camarilla of cowards who comprise the […]

There is no way to understand the virulent inflation that has overcome the American economy except by comparing it to the dollar’s last link to gold in August 1971. From a bird’s eye perspective, the resulting devastating hit to the purchasing power of the dollar speaks for itself. Decline in Purchasing Power of the Dollar […]

America is in the throes of a virulent underlying inflation. It already afflicts financial markets, where it has fostered huge asset bubbles and a massive, unwarranted shift of wealth to the tippy-top of the economic ladder. And soaring prices for everyday goods and services threaten Main Street jobs, incomes and living standards. Wages, family budgets, […]

To understand the Fed’s culpability for the inflationary disaster afflicting the American economy, it is necessary to start with the Big Lie that underlies all of its destructive machinations: the claim that market capitalism gravitates toward cyclical instability, recession and chronic shortfall from its potential Full Employment path. From this presumption, there flows an alleged […]

At the end of the day, economic output is a function of input, and there is nothing more basic on that score than labor hours. Better tools, improved technology, and more investment per worker can improve the productivity of labor hours employed. But if you don’t do the time, you don’t get the dime. But […]

President Biden’s minders are peddling the ridiculous idea that the $6 trillion in COVID bailouts have been such a roaring success that American voters are ready for a real eruption of Big Government! This time it’s in the form of the worst $2 trillion swap ever imagined—a tax extraction from productive American businesses in order […]

About 50 years ago, Richard Nixon said something to the effect of “we are all Keynesians now.” The now sainted former industrial labor economist George Shultz got Nixon to discard decades of GOP-balanced budget orthodoxy in favor of “full-employment budgeting.” It established the predicate that free-market capitalism couldn’t get out of its own way without […]

After a 10,000% gain in GME (GameStock) between early August and the recent peak, shouldn’t the Robinhooders have expected that even the sky has its limits? Well, apparently, according to most everyone who doesn’t know anything, it’s “unacceptable” for a 10,000% winner in the stock market lottery to be forced to walk away battered and […]

The Big Tech Five (Apple, Amazon, Twitter, Google and Facebook) have now become a clear and present danger to free expression, democratic governance and competitive enterprise in America. It needs to be noted that the dangerous concentration of power in these companies is happening but not because of current monopoly profits. Instead, they have become […]

Back on March 24, the total market cap of global equities dipped to $61.6 trillion on the fear that the sweeping COVID-19 lockdowns would wreak havoc on economic growth, jobs, incomes, and profits. These fears were correct. Instead of global GDP growth of +4.8% expected last January the latest survey by PwC projects a 4.0% […]

When the former head of Fed, Bill Dudley, says something, you can be sure it’s what the majority of movers and shakers on both ends of the Acela Corridor also believe. That’s because his financial lineage consists of several decades as Goldman Sachs’ top economist and then as president of the New York Federal Reserve. […]