Looking Backwards … LB #1 So this last week has been a doozy. Last week the Japanese government tried raising interest rates into their economy that is in a recession. I told you that we tried a similar thing and it led to the great depression. Well the stock market in Japan dropped about 20% …
LBLF
Looking Backwards … LB #1 This last week was dramatic as we have seen earnings reports, jobs reports, and even the Fed rate decision on Wednesday which seems a month ago despite only being three days ago. We go to Nick Timiraos and Paul Kiernan writing for the Wall Street Journal “The script is being …
Looking Backwards … LB #1 Competition is a good thing, it brings out the best in us, but what happens if the best isn’t in us anymore. What if others are simply much much better. That is the predicament American businesses are finding themselves in as we are trying to onshore manufacturing led by Joe …
Looking Backwards … LB #1 Friday morning the world woke up to the true depth of Microsoft dependence. It turns out Crowdstrike, a third party vendor, rolled out an update on the Microsoft platform and it crashed the Microsoft platform, worldwide for hours. Flights were cancelled, skies were empty, traders couldn’t trade, acres of cubicles …
Looking Backwards … LB #1 If we looked at the three branches of American government (executive, legislative, and judicial) and count all the stories written about each one I would be very surprised if the judicial wasn’t last, and last by an order of magnitude. Biden has all the headlines now as he tries to …
I can’t take the credit for today because today’s focus is on a website called wtfhappenedin1971.com. That is a good question and one we are going to try and answer with the help of some good data and some sense of history. I will do my best to describe the excellent visual representations of data …
Looking Backwards … LB #1 About ten days ago in the beach town of Sevastopol, Crimea sun worshippers were catching some rays on their beach loungers before a mysterious thing happened. This from ZeroHedge, “Unbelievable new footage has emerged of the Sunday Ukrainian missile strike on a busy Sevastopol, Crimea beach as tourists were lounging …
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 …
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 …