Looking Backwards … LB #1 I was reading an article during the debate and a headline flashed up that said Biden stumbles and I thought he fell during the debate. He didn’t fall literally, but it sounds like it couldn’t have gone much worse. On Thursday night we got to see why popularity contests are …
LBLF
Looking Backwards … LB #1 We talked about the Euro elections and how that was able to shake up European politics last week. The wonderful thing about societies where we do have enough freedom to have elections is that sometimes, rarely, but sometimes, the people get their head out of their asses, and vote some …
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 …
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 …
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 …
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 …
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 …
Looking Backwards … LB #1 Lyin’ Joe Biden as Johhny Carson used to call him got interviewed Wednesday on CNN by Erin Burnett. Folks, he had better not do a debate, not against Trump, not against RFK Jr, not against a golden retriever. I’ve seen drunk parrots with better communication skills. This wasn’t a tough …
Looking Backwards … LB #1 A few months ago, I read the book “These are the Plunderers by Gretchen Morgenson and Joshua Rosner.” It is a detailed account of how private equity works. They use the system of capitalism to wreck businesses, communities, and lives. They own many retirement homes and cut services and the …
Looking Backwards … LB #1 I was all ready to write about the GDP report that came out Wednesday that reported slower growth as 1st quarter GDP came in at 1.6% versus the 3.5% expected and inflation was shown to be increasing. The word stagflation was bandied about with real concern. It seems the economy …