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When the Only Answer Is “Debt”
Here’s the story of the Duopoly in two dates and two dollar figures… June 30, 2019, $16.188 trillion September 30, 2019, $16.809 trillion The difference between the dollar figures is $621 billion. Read More
The Grift and Your Money
As I note in the October issue of The Stockman Letter, “The Institute for Supply Management (ISM) services index for September came in well below expectations. Read More
What Do Your Investor-Eyes See?
Yesterday, I spent the afternoon packing away most of our outdoor non-essentials. Though I don’t have a degree in geoscience, I’m fairly confident temperatures will continue to drop over the coming weeks. Read More
Daring Huge Debt for Their Jaunty Jalopies
The most detailed picture of the American consumer reveals there’s more “dropping” going on right now than “shopping.” That’s problematic. Read More
Trump’s Trade Tragedy
A few weeks ago, I explained why a potential trade truce with China would be “limited, fragile, and temporary. Read More
When “Great” Is Not Enough
There is no “deal.” “Phase One” is more nonsense. The clear differences between the U.S. and China – beyond commerce – are well exposed. This is, as Orwell once distilled it, about “authoritarians” and “libertarians. Read More
Socialism in America
The Elizabeth Warren Express is gaining momentum. Read More
Our Immiserating Monetary Central Planners
The cost-benefit ratio of monetary central planning is abysmal. That’s probably the biggest general conclusion we can draw after Day One of the 2019 Irrational Economic Summit. Read More
