We are discussing the hot news about the bank run of Silicon Valley Bank and also touching upon Silvergate and Credit Suisse. “I do not think you can trust bankers to control themselves. They are like heroin addicts.” Charlie Munger, vice chairman of Berkshire Hathaway First, what we had written originally for our March 5 …
FED
This week on Looking Backwards: Japan stuck in the past, housing market downwards, Google: headwinds, and Paul (Nancy) Pelosi selling its stocks a month before antitrust lawsuit against the tech giant This week on Looking Forward: the US and China in trade wards – Chip vs. Solar, Fed rate decision today, oil’s silent price increase …
Who is in control? The FED? Or the bond market? C Thomas walks us through two opposite views of Jeffrey Gundlach and Zoltan Pozsar. You can read this episode here, or listen on Spotify, or watch on Youtube Good morning I’m Austerity Jones, and I am here with C Thomas Printer. C Thomas: Good morning …
The tricky task Jerome Powell has: taming inflation in the midst of a record deficit. Good morning I’m Austerity Jones and I am here with C Thomas Printer. C Thomas, what do you have for us today? C Thomas: Good morning Austerity. One of my favorite stories is the following. Warren Buffet asks a group of …
This week we look at Elizabeth Holmes, Trump running in 2024, Bobs of Disney, Cap on Russian oil prices, how far Fed would go, and the World Cup. C Thomas: Happy Hump day! Welcome back to Looking Backwards Looking Forwards. https://www.bbc.com/news/business-58336998 Austerity: Let’s start with Elizabeth Holmes. She is convicted with 11 years of prison. …
We remember executive orders and government acts that demolished gold from being the backbone of the US currency. The question we now have is what if BRICS countries decide to turn back to gold, what happens? Good morning I’m Austerity Jones and I am here with C Thomas Printer who is ready to talk about …
Happy Hump Day! Welcome back to Looking Backwards, Looking Forwards. I’m C Thomas Printer and I’m here with Austerity Jones. Austerity: Happy Wednesday, C Thomas. Today, let’s start with last week’s interest rate hikes. On Wednesday, the Fed raised interest rates by 75 basis points, which brought borrowing costs to the highest since 2008. And on …
• The election result in Brazil Brazil election: Lula makes stunning comeback – BBC News • Biden’s tax move on oil companies Joe Biden threatens higher taxes on oil companies amid high gas prices (cnbc.com) • China’s lower than expected factory activity China’s factory, services activity skids on relentless COVID curbs | Reuters • Labor …
This week we are talking about: Looking Backwards Looking Forwards Happy hump day, and welcome back to Looking Backwards Looking Forwards. I’m C Thomas Printer and I’m here with Austerity Jones. Happy Wednesday C Thomas. I want to ask you 3 items and what did you think of them. First, PMI came out on Monday. …
C Thomas believes that it was the Corporate America who benefited from the low interest rate environment. The losers in that case were mom and pop businesses, our neighbours, small towns, and cities. Therefore, our word of the week is urban blight. Good morning, I’m Austerity Jones and I am back with C Thomas who …