One of my favorite things about writing a blog and doing a podcast is that I am constantly on the hunt for new information and new sources. I like reputable information sources for facts and figures assuming, perhaps unrightly so, that they have fact checked and their data is trustworthy, even though I know government …
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 …
“Gold is money everything else is credit.” J P Morgan In 1912 ole J.P. told Congress that and the next year that same Congress founded the Federal Reserve. The income taxes, social security, and other helpful programs would follow, but the key to it all was gold. It is difficult for the government to steal …
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 …
sure nice to take a break from the news and just rant on Bygone Relics for a minute about a simpler country and use a couple expletives from time to time. There is too much news to contend with so we had better just have a talk about Zambonis. If you have ever been a …
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 …
Folks, it is getting tough out there. Part of my time is scouring news sites informing myself and trying to figure out where the financial puck might be going, but sometimes I realize that the puck stops here, and I did the same when I got to this article from MarketWatch. Alessandra Malito responds to …
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 …
“If you have to convince a group of people who are not directly dependent on the solution of a problem, you will never succeed.” Ludwig Von Mises, Socialism lesson In the last Looking Backwards Looking Forwards I mocked a homeowner that had refinanced his or her house into a 52-year mortgage. Mocked is the word, …
Looking Backwards … LB #1 We have discussed the unsustainable fiscal path that the United States is on, and this was pointed out by Moody’s when they warned about our credit and possible downgrades, but now there is another agency that is shining the light on the US. The IMF had their big meetings in …