At Bygone Relics show, we continue discussing five of the very worst hyper-inflations and the ramifications of a currency collapse and juxtapose these historical events against the US situation today. Some of these numbers are eye wateringly high and nobody did it worse than Hungary. The worst inflation in history was the Hungarian Inflation after …
A very busy week for the markets: US CPI came out on Tuesday, FED interest rate decision on Wednesday, ECB on Thursday, and finally BoJ on Friday. All these and more are in today’s Looking Backwards Looking Forwards show. Looking Backwards US CPI Fed’s rate decision ECB raises rates Bank of Japan keeps low rates …
Last week’s thought experiment was to imagine hyper-inflation and what you would do to protect you and your won from the currency calamity. What would you buy? Invest in? Would you move? 100% inflation isn’t even really considered hyper-inflation by economists as that designation usually is at least 50% a month, but these nerds can …
Here is this week’s Looking Backwards Looking Forwards program: Who blew the Ukrainian dam up? Who blew the Nord Stream pipeline? How do we not know these things? Looking Backwards Key developments in the Ukraine war Nova Kakhovka flooding Chinese warship cuts off US Navy ship China accuses US of ‘provocation’ after near collision of …
The US has raised the debt ceiling and avoided defaulting on its debt. That’s a good thing, right? For the 90th time or whatever the number is now, we have raised the debt ceiling. America always pays its debts is a popular rhetoric, but I have to give credit to Peter Schiff who likes to …
We have news from the UK and the US: price caps for basic food, e-bikes exploding, ChatGPT hallucinating, the housing market on the decline, and tight jobs market. Looking Backwards Rishi Sunak urged supermarkets to cap the price of basic food E-bike explosion in London Attorneys have used ChatGPT to generate a legal motion Looking …
Last week we discussed depression and how a contraction of the money supply was one of the key errors made by the Federal Reserve and how it helped cause the Great Depression. We also discussed how the crazy spending of the previous decade helped bring it about. Huge credit was extended to consumers, and they …
This week’s Looking Backwards Looking Backwards show has a lot to tell! Looking Backwards US migrant crisis Nvidia shares spiking 24% Price bubble in AI stocks Obama’s juice brand fails its own health standards British cycling to ban transgender woman from female category Looking Forwards G7 gets tough on Beijing China bars Micron chips Fed …
What does depression mean? Where are we at the economic cycle? Are the banks in bad shape? Why? Will we see a bank run or is what we are having a “bank walk” ? How likely for the banks to get a hit from the real estate loans they had extended? Will the downtown office …
Looking Backwards Looking Forwards at CTPC: Is Twitter a place of censorship? What is really behind of the tension between Disney and Desantis? How did a public vote in Arizona make billionaires upset? Is it wise to invest in Japan, for chipmakers for instance? Is it wise for UK to announce a ban on Russian …