The current economic policies being pursued will likely result in the realization of Thomas Jefferson’s warning to us more than 200 years ago.
-The Economic Course that Lies Ahead -Historical Inflations -Lower Income Households Being Adversely Affected by Stimulus? -Evidence of Inflation and a Bubble -Inflation is Worldwide -K Shaped Recovery
Massive new money creation being distributed as helicopter money to the masses is creating a banana republic look in the United States.
-34% of all household income now comes from the government -Employers are Begging for Workers -Is the Fed Worried? -Food Prices Continue to Spike -Is Real Estate Hitting the Wall? -Cooperman: Next Crash Will Make Your Head Spin -Greenspan Fesses Up – He’s a Gold Bug
When looking at the economy and the markets, the current climate is just flat-out nonsensical.
-US Money Supply News and Commentary by Matthew Piepenburg -von Greyerz – a $2.3 quadrillion debt and derivative time bomb -Blackrock’s Reider – No Value in Markets Today -State of Washington Looking to Ban Gas Vehicle Sales by 2030? -Is Plywood a Viable Portfolio Position? -Phoenix Capital Research – A Crash Comes Next
When looking at the financial and economic news and attempting to find one word to describe what I am observing - surreal is the word that comes to mind.
Headline Roundup: - Insider Trading OK if you're in Congress - U.S. March Deficit a Staggering $660 Billion - More Talk About a Wealth Tax - Import/Export Prices Point to Inflation - Recent Inflation Report - Debt... The Elephant in the Room
The very extended markets became more extended last week. The Dow advanced nearly 2% and the S&P 500 rallied 2.71%. Gold, silver, and US Treasuries also rallied although the US Treasury rally was not significant.
Headline Roundup: - Parallels to FDR's Gold Ban Presently - Do Bankers Know What's Coming? - China Begins Deleveraging. Is a Soft Landing Possible? - US Government Debt Officially Leaps Over $28 Trillion - Will We Hit the Proverbial Wall in June? - Blow Off Top in Housing? - You Never Should Have Opened That Super Mario Brothers Video Game