Hanna Horvath wrote a Substack article called, “The grift economy is going mainstream.” It describes how AI can be used, and increasingly is being used, to take money out of our pockets. “This is the rip-off economy — or the grift economy — in its purest form: a world where everything — your attention, your
Are You Using AI? Or Being Used By It? Probably Both Read More »
This is from David Halberstam’s book The Best and the Brightest.
When people talk about invading Cuba, I remember this quote: Read More »
David Bahnsen, founder of The Bahnsen Group, has written a very relevant article titled “Markets as a Video Game – January 23, 2026.” He states, “Investing is not a game. I resist any attempt to infantilize decisions around capital allocation. I do not begrudge people having fun with a few bucks on Draft Kings or
How Has Investing Become a Form of Entertainment? Read More »
I spotted this on 1/22/26 in a post by Torsten Slok. Free to sign up for his daily posts. We hear about all the younger people who are living with their parents, but then we see this chart. I worry they are all baby boomers.
Only one person in 29% of U.S. Households- Note the Trend Read More »
On January 12, 2026 Raghuram G. Rajan, a former governor of the Reserve Bank of India and chief economist of the International Monetary Fund, wrote the article with the title above. He begins: “Recent developments suggest that the US Federal Reserve’s bond purchases are no longer just a “monetary operation,” but an essential component of
“Are Central Banks Enabling Unsustainable Government Deficits?” (Hint- Yes) Read More »
Here’s a December 15th, 2025 article from Myrmikan Research called simply “Truth” on the history of paper money, gold and currency debasement. Read it if only for the quotes. Walk away from it knowing where we stand and what’s always happened when a society stands here. The author writes early in the article: “The tragedy
The More Things Change….. Read More »
This is one of the reasons I never expected demand for oil and gas to go away or even decline much. It is a fungible commodity. If you don’t want it, somebody else trying to live better will buy it.
Energy Consumption Required for Improved Living Standards Read More »
Today (January 3, 2026) Jesse Felder (link to signup for Jesse’s free publication is on my links page) posted this rather concerning list of factors suggesting the stock market was coming to the end. When. Neither Jesse or I know. But we are both increasingly worried, and I’m positioning family investments for that inevitability. Jesse
Close to the End of the Bull Market? Read More »
I was seriously stunned a month ago when The Robin Report told us that “Gen Z is a huge BNPL fan, with 72 percent using it.” The article goes on to say, “And more than 76 percent of Americans use BNPL with 49 percent having missed a payment. I can see retailers liking BNPL because
Buy Now Pay Later and Other Economic Insanity Read More »
Two freelance journalists in this Ukrainian city filmed and produced this award winning documentary on the first 20 days of the Russian invasion. It’s 90 minutes long. Hard to watch, but necessary to watch. They were lucky to get out. Here’s the link.
20 Days in Mariupol Read More »