Stock Market Leverage Always Ends Badly
Recommend you go to Wolfstreet.com and read his 10/16/25 post on this. There is just no way to feel good about this. Yes, I know- “This time is different.”
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October 2025
Who’s Paying the Tariffs?
Today (10/13/2025) in The Boock Report, Peter Boockvar reported Goldman Sachs’ take on who’s paying the tariffs. “If recently implemented and future tariffs have the same eventual impact on prices as the tariffs implemented earlier this year, then US consumers would eventually absorb 55% of tariff costs. They estimate that US companies are eating 22%
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Without Books, We Will Be Barbarians
The eminent historian Niall Ferguson has written an article with the above title with quality statistics on the decline of reading and the impact on society. Here’s the link. It’s a short read. It seems so obvious. I knew about the reading problem. But his structure and analysis really brings it home.
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Where Do We Stand on Liquidity?
Liquidity in our financial system refers to the overall amount of readily available money and credit in the financial system that can be used for spending, lending, or investment. It includes cash, bank reserves, money market balances, and short-term funding available to financial institutions and markets. You’ve heard about the Fed increasing or decreasing liquidity.
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