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.”
Stock Market Leverage Always Ends Badly Read More »
Short Takes: Charts, Graphs, Quotes
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%
Who’s Paying the Tariffs? Read More »
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.
Where Do We Stand on Liquidity? Read More »
From 1728, this quote on the relationship between banks and government might sound familiar.
Richard Cantillon’s “Essay on the Nature of Trade in General” will resonate with you. He was one of the first guys to make a bunch of money in a bubble. Here’s what he said about the relationship between banks and government. Sound at all familiar? “It is then certain that a bank, in concert with
Historical Tariff Rates in the U.S.
I don’t know what the actual tariff rates will finally turn out to be. The chart shows you that they haven’t been this high in 75 plus years. Economists argue about the impact of the Smoot-Hawley tariffs (19.8%- show in the chart) but it wasn’t good. Tariffs never have an overall positive impact on any
Historical Tariff Rates in the U.S. Read More »