Looking Backwards … LB #1 Wednesday was a big day with the CPI print coming out, more on that in a minute, and the Federal Reserve rate decision, it didn’t move rates, and the Powell press conference. Powell, known for being a real sweetheart, if you are long the market never fails to almost get …
In 1978, Clint Eastwood and a baboon made a movie together, forgive me, it was an orangutan, an orangutan having 12 ribs you see. The script told the story of a bare knuckle fighter Eastwood and his little hairy friend Clyde. They chased girls together and even feuded with a motorcycle gang. This being the …
Looking Backwards … LB #1 America has decided to allow Ukraine to launch American weapons into Russia and now this week four Russian ships will be in Havana Cuba just 90 miles off our coast. These exercises have happened before and some in the state department are saying this is routine, but I don’t believe …
I was reading an article this week written by Vanessa Wong and Jilian Berman in MarketWatch about how a $114,000 salary today makes you feel poorer than your parents. It is a very insightful article about how Americans today are poorer in purchasing power, in lifestyle, and in the ratio of money that they have …
Looking Backwards … LB #1 I’d love to sit here this week and roast my chestnuts on an open fire, sing Kumbaya, and tell you everything is going to be all right. That is not the case. Let’s begin with Matt Egan and CNN, “Many Americans would love to buy a home, but they don’t …
I want to talk to you about AAA today. No, not the American Automobile Association which has supported motorists for decades as they get a 10% discount on hotel stays across the country. I want to start with AAA meaning assassination attempt apathy. We talked about Slovakian Prime Minister Robert Fico being shot and I …
Looking Backwards … LB #1 The weird thing about being pinched is that it doesn’t hurt at first. If I reach out and touch a rock that is too close to a fire, I instantly feel the burn, much like obese America in a Tai Chi Class. However, if I am being pinched it starts …
One of my favorite things about writing a blog and doing a podcast is that I am constantly on the hunt for new information and new sources. I like reputable information sources for facts and figures assuming, perhaps unrightly so, that they have fact checked and their data is trustworthy, even though I know government …
Looking Backwards … LB #1 This week saw producer price inflation come in hotter than expected, consumer price inflation come in pretty much as expected and the market running to new all- time highs because it didn’t care. Rate cuts are coming, and the market is going to dance, dance, dance. Gold and silver also …
“Gold is money everything else is credit.” J P Morgan In 1912 ole J.P. told Congress that and the next year that same Congress founded the Federal Reserve. The income taxes, social security, and other helpful programs would follow, but the key to it all was gold. It is difficult for the government to steal …