When people talk about invading Cuba, I remember this quote:
This is from David Halberstam’s book The Best and the Brightest.
When people talk about invading Cuba, I remember this quote: Read More »
Short Takes: Charts, Graphs, Quotes
Only one person in 29% of U.S. Households- Note the Trend
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.
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Energy Consumption Required for Improved Living Standards
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.
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Close to the End of the Bull Market?
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
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20 Days in Mariupol
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.
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Chart: Inflation Since the Fed Was Created
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
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Chart: Interest On Our National Debt
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.
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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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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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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 »