Well, isn’t this funny. I had an entire podcast written out about the big beautiful bill and how is was going to lead to an inflationary spiral down the road because the debt would have increased by over 10%. Which doesn’t sound bad except that would mean at least $4 T on a $37 T …
Looking Backwards LB #1 There is only one place to start this week, and it is with the big beautiful debt bomb. I have been yakking on and on about the bond market and we will get to that as well, but the only reason we are in this predicament is we can’t stop spending. …
“I seek the night and I rest my head on my weary bed and I think about you. And time’s on my mind I’ve been thinking about what I’m without with a boy like you What’s a girl to do.” No, these words aren’t my nightly dream about what Jerome Powell is going to do, …
Looking Backwards LB #1 There is only one place to begin as Moody’s gave us a Friday night dirty. After the close on Friday, Moody’s announced it was lowering the US Government’s debt rating. This from ZeroHedge, “Earlier this week, we noted that short-dated USA sovereign CDS were trading wider than China and Greece as …
Looking Backwards LB #1 Today we are going to explore the decisions of one Donald Trump, the personnel decisions that he has made thus far. I am fascinated by how this is going. This from Liam Archacki via Yahoo News, “An air traffic controller warned Friday that Newark Liberty International Airport is unsafe for travelers …
Today we talk about the tragedy of errors or perhaps it is a comedy of errors being unloaded at a port near you. The first ships that are being charged full tariff have arrived in America. The prices aren’t being paid by China. They are being paid by American companies that will be faced with …
Looking Backwards LB #1 This is episode number 317 which upsets me because had Warren Buffet retired midweek I could have named this episode Buffet 3:16 in an homage to the Bible and Stone Cold Steve Austin, but alas a day late and a dollar short will get you nowhere so we are forced to …
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 …
Looking Backwards LB #1 It was about a month ago when I read a piece that made me think, that couldn’t happen could it? That topic is being met with yeses more often than not lately. Mike Schuler wrote for G Captain that an increase in post fees on Chinese ships could drastically affect trade. …
Looking Backwards LB #1 It’s been a couple weeks since Donny T announced that the US was going to set the rules for world trade, the T standing for tariffs, of course. It is a risky maneuver. It reminds me of another risky maneuver. 38 years ago, a scrappy bunch of ballplayers on the shore …