This week is the calm before the storm. Trump’s team is desperately saying and doing anything they can to keep the markets calm and orderly. They are rolling back tariffs like Walmart does everyday low prices except tariffs will make those prices go higher. The Treasury department and Scott Bessent have gotten what they needed …
Bygone Relics
Well, the world is still here after two of the craziest weeks in recent memory. However, we are neither out of the woods nor doing well. If the largest total tax hikes in 50 years don’t piss you off how about having your currency also fall 10%. David Lynch writes for the Washington Post, “The …
It is Tuesday night, do you know what your President is tweeting? This is the new economic analysis. It is the only thing the markets are really waiting for and paying attention to. Jobs reports, unimportant. Earnings, so last month’s news. Inflation, doesn’t matter. If the tariffs stay on or not determines inflation. Seldom in …
I felt like a turn to an unfamiliar topic this week that was both long overdue and I’m still feeling the effects of the Trump Tariffs and Politico talk that I want a break from. I want to talk about housing as the 10-year interest rate has dropped about 50 basis points driving mortgage rates …
Don’t throw caution to the wind when investing, on the contrary you want to listen closely when the breezes blow through the treezes. In Warren Buffet’s letter to his investors in 1959 he makes this observation about the stock market and the exuberance the market was showing, “However, I do believe that wide-spread public belief …
Back in November I wrote about BYD and how it was winning the global car race. “BYD stands for capitalism. Wang Chuanfu is the scientist who started this company way back in the 1990s. It started as a battery company and then in 2003 he moved to making cars. I had heard of BYD briefly …
“And shepherds we shall be, for Thee, my Lord, for Thee. Power hath descended forth from Thy hand, that our feet may swiftly carry out Thy command. So we shall flow a river forth to Thee and teeming with souls shall it ever be. E nomini patri, et Fili e spiritu sancti. “ This is …
Here is what the venerable old sage C Thomas Printer wrote on Feb. 2, 2025 regarding the 25% tariffs on Canada and the impact to the auto industry. “Legacy automakers have had 25 years of factory production, free trade agreements, and in 25 days decades of capital planning go out the window. If you think …
In the movie Casino there is a scene where the house is catching a couple of cheaters at the blackjack tables. They call security, they notify everyone to be in their places, and then they bring out a birthday cake and start singing. This is at an adjacent table, and everyone turns and looks at …
This week’s Bygone Relics will be much like the news, all over the place. In last week’s LBLF we briefly hinted at the coming federal job cuts. Up to 200,000 federal jobs are to be cut and that is just the start. If we go to dailyjobcuts.com we can see just how extensive this layoff …