Financialized Everything

by John Mauldin Interest rates—the “price of money”—have been unusually low for most of this century, particularly since the 2008 crisis but going back to Greenspan’s era. The wisest people I know differ on exactly why. Was it purely a policy choice, or the result of larger, less-controllable economic forces? I believe the answer is … Read more

Where this continuous QE bailout fantasy will fail is in the bond market…

Where this continuous QE bailout fantasy will fail is in the bond market. Income investors need assurance against extreme default risk. That requires Congress approval which barely passed in 2008. The first vote failed. This time I predict the nuclear option. Equity wipeout. pic.twitter.com/F5v5tQI4hf — Mac10 (@SuburbanDrone) February 11, 2022 This "market" is a fucking … Read more

If you guys think inflation is bad now, just you wait…

by stylishskunk I posted several months ago about how inflation will cause a downturn in the stock market. Too many of you autists thought that the market was a good hedge against inflation and I was wrong. Wrong! It’s a good hedge against forecasted future inflation…until inflation actually affects earnings, consumer demand, and interest rates. … Read more

Joe Biden hires another one…

This person (identifies as genderqueer with they/them pronouns, his kinks are animal sexuality and 'gay uncle' BDSM) is now in charge of overseeing America's nuclear power plants. This is how empires end. Not with a bang, but with whatever the hell this is pic.twitter.com/KvA6Q5VHwE — Ian Miles (@ianmiles) February 10, 2022 Brinton’s hire is an … Read more

Swiss Man Identifies as a Woman to Retire Early

by Martin Armstrong As of January 1, Swiss citizens may change their gender on paper for the price of 75 Swiss francs. Four days after the law was implemented, a man (born XY) by the name of Luzerner Zeitung found a way to benefit from this ruling. Zeitung completed a 10-minute interview and paid the fine to … Read more