Like a “Closing Out Sale” that never seems to end, people are beginning to think that this “Stock Market Surge” may not be totally on the level. Unlike an honest bull market, it may never end…
Today, sentiment is so lopsided, if all the bullish commuters all crowded onto the same side of the Staten Island Ferry, it would never leave the pier. The old-timers say a bull market ends when the last bear capitulates and joins them. He hastens to the
When we first caught wind of President Trump’s “sh*thole” comment, we were outraged. We thought he was talking about our hometown.We were, of course, relieved when we realized that our president was referring to foreign sh*tholes… not those in the
Could the central bankers have set up a better pratfall? They lured the whole world to their party – promising free booze and canapés. And now, they’re not only putting away the liquor and turning off the lights, they’re setting the curtains on fire.
No more manipulating earnings… changing business models… looking for loopholes… paying $700-an-hour tax lawyers… and letting the tail of taxes wag the dog of real output. But where would that leave the fleas?
For more insight into how Donald J. Trump or Oprah would govern, we turn to one of the insiders – a Deep State operative and former Swamp critter who has gone straight, Jimmy Williams.
We’ve seen that you only know if something is real money or not ex post facto. We’ve seen, too, that today’s dollar is fundamentally different from the dollar the world trusted as “real money” before 1971 (when President Nixon severed the dollar’s
U.S. household assets stand at $97 trillion. All over the world, “wealth” is surging, too… with the value of global stocks near a record high of $100 trillion. But there’s a hitch: We allege that this wealth was built on fake money. If we’re right,
The physical universe may run according to laws that can be discovered. Over the years, we learn more about how it works… and we are able to do more with it. But the universe of man is subtler, more cyclical, and much more squirrelly. Built of crooked
Bitcoin Skyrockets by $2,000 in 24 Hours. People say bitcoin is money. But whether it is real money or not is only something you can know later – if it starts to be widely used. There’s no such thing as theoretical money. It either works as money or it
Yes, some people will benefit in the short run. But most will suffer as the years pass… as the tax bill will add $1.8 trillion or more to U.S. debt. Then, with lower tax revenues and rising expenses from 70 million retiring baby boomers, the country will go
Economies discover wants and prices by allowing win-win deals. These deals discover both what people really want… and how much it really costs to get it. The feds – aided and abetted by their positivist economists – just get in the way.
How ‘bout that bitcoin! It went up another $2,000 last night. Does it go down, too? We think we know the answer. But let’s look at more familiar ESPs. This week, we’ve been focusing on Extremely Simple Patterns, or ESPs.
Prices float on a sea of liquidity. Which prices rise depends on where the money flows. Either way, there is no reason to believe that just adding “money” – dollars, euro, or bitcoin – adds to real wealth. Real wealth must be earned… by someone.
That’s up from about $2,500 when the family bought it in June. “You’re not the only one,” said our cautious, sober lawyer. “I put a little money into bitcoin three months ago. I just wanted to see how it worked. And now my investment is up three
That is why bitcoin is such a marvel. It appears to be giving us a new aristocracy – people who made their fortunes while they were still young, without toil or sweat to distract them from the “thought and feeling” Mr. Bell argued was necessary for a
Instead of adding to the supply of credit (money)… they say they’ll be trimming it. Instead of buying bonds, they’ll be selling them. So instead of driving interest rates down, the combination of more federal borrowing to accommodate cuts… along with
You may make a lot of money in the bitcoin bubble. Or lose it. Either way, don’t take it seriously. You should treat it like a dollar bill on the sidewalk. If you are lucky, you will pick it up before it blows away. If you are unlucky, you will chase it
“It is not just a bubble,” adds hedge fund manager and bitcoin investor Mike Novogratz. “It’s going to be the biggest bubble of our lifetimes.”
Today, we lift anchor and unfurl the sails. We’re going to explore a faraway land. We catch a breeze to go have a look not at money, but at the lack of it. We’re headed off to find out if money contributes much to the “good life.”
From what we can tell, bitcoin is headed to the moon. Or to Hell. Almost all assets are overpriced or fraudulent – usually both. Something was bound to soar to the top of this gassy heap. Why not bitcoin? Stocks have been bid up to the sky by fake money
screamed yesterday’s New York Post headline. The accompanying photos show Donald J. Trump and the accused child molester Roy Moore. There are those who despise the Alabama Senate candidate. And there are those who see him as their hope for the future of the
Salvator Mundi, said to be by Leonardo da Vinci, is the world’s most expensive painting. Last Wednesday, at auction, it sold for over $450 million (including auction-house charges) despite the bummed-up, restored, and damaged parts. Who would buy such a
That is the real meaning of the Republican’s tax reform: It prunes off a branch here and there so that favored groups can enjoy the sunlight. It shakes the leaves… but the shadow of the Deep State is darker than ever.