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 »
To be clear, following the Vietnam play book to get out of Ukraine is not a good thing. In this free essay on Substack, Warwick Powell, explains with irrefutable evidence from The Pentagon Papers how politics won out over people’s lives when we lost in Vietnam. We’re losing or have lost in Ukraine (that’s my
Extracting Ourselves From Ukraine: Same As We Did in Vietnam Read More »
Eight years ago I wrote an article with the title “What Keeps Jeff Bezos Up at Night- And Why What He’s Doing Should Keep You Up.” In it, I described some of the things Amazon was doing and why he might be worried about Chinese competition. Here’s the link. I talk about Ali Express and
When China Starts to Own a Whole Supply Chain Read More »
To be clear, I’m not claiming the Fed is responsible for all our inflation. I will say that the recent 14 years of zero percent interest rates did cause some inflation. That misallocated capital, and made it easier for the government to keep borrowing. The chart is from Doug Casey’s Crisis Investing. It’s free at
Chart: Inflation Since the Fed Was Created Read More »
Interest on our national debt has crossed $1 trillion a year and is headed up. I believe the basic reason the Fed is cutting interest rates is to reduce interest cost on the debt. Obviously, that doesn’t solve the problem- it just makes it get worse at a slightly slower rate.
Chart: Interest On Our National Debt Read More »
“When nations can trade directly via blockchain platforms, settle in their own currency, and store value in physically-backed gold contracts, the dollar becomes increasingly optional.” Tariffs and the uncertainty of an irrational trade war, the weaponization of the U. S. Dollar, seizure of Russia’s dollar reserves, the impact of debt, the general historical cycle of
Changing Role of the U.S. Dollar: Why, How? With a Whimper- Not a Bang. Read More »
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.”
Stock Market Leverage Always Ends Badly Read More »
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%
Who’s Paying the Tariffs? Read More »