Silent Tax — Inflation Acts Like A Tax
Inflation acts like a tax. It will have an effect on growth and erode buying power. In a scenario like this, things like gold tend to do well…
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Preparing for Take Off — The Inflation Versus Deflation Narrative.
This week, the European Central Bank said it will keep rates low until it sees inflation near its 2% target. As they said, this ‘may also imply a transitory period in which inflation is moderately…
The US Unemployment Rate is Much Higher than Expected
Turns out the real unemployment rate in the US is likely higher than expected…way higher. I mean, this isn’t a huge surprise.
Sic Transit Gloria Trumpi: So the Glory Trump, Part II
‘TRUMP WORST PRESIDENT EVER’, one banner read… While another said, ‘TRUMP YOU PATHETIC LOSER GO BACK TO MOSCOW’. What kind of way is that to treat an aging patriot?
River of No Return
You’ll recall from yesterday’s Diary that there are only two important things a president has to do: He has to protect the American people…and their property. Like two banks of a river, they can never be entirely separated.
Presidential Monkey Business
Birds gotta fly. Fish gotta swim. And a degenerate empire has to find its way down from the peak, one stumble at a time. Each president has to take the fall assigned to him.
Note to Heaven — Get Out of the Way!
As foretold, more stimulus is on the way. Biden says the feds have a ‘moral obligation’ to provide money they don’t have to people who don’t need it.
Recessions Kill Too… Lockdowns Cost More Lives Than They Save
Lockdowns may cost more lives than they save. This is important when weighing the total effect of a public health policy across all of the population.
The Risk of Change is Nothing New
Financially speaking, it’s been a crazy year. We’ve seen massive government stimulus…a stock market crash and rising unemployment. And at the same time, pretty much almost everywhere you look things are looking up…
Depressing Stimulus
Since the US stepped up its stimulus efforts in 2008, the rate of wealth creation has been cut in half. So, Mr Biden…more stimulus? Sure, why not.