Monty Pelerin’s Market Posts
This past week there was little movement in the tracked securities. The changes do not appear meaningful in the sense that they are anything more than random noise. Here are the results: Week Ended 11/18/2022 CLOSING PRICES ASSETS 7/26/2022…
Last weekend, someone won the largest lottery in history. But that statement is correct only if you limit “lottery” to Powerball tickets. Broadly speaking, the stock market is the largest lottery. That government runs both should be concerning. Evidence shows…
The week ended November 4 was especially exciting. Chairman Powell announced another 0.75 basis point increase last Wednesday, expected by markets. Interestingly, markets appeared to ignore his announcement with an initially powerful move upward. Powell’s post presser drove them down…
Is Chairman Powell truly serious about stopping inflation? Is he the man for the moment or merely a modern day version of the Man of La Mancha, tilting at windmills? Something clearly seems strange. Chairman Jerome Powell is a veteran of…
A summary of Chapter One of my free book “Wealth If You Want It” appeared on Munknee.com. This website is excellent for new and seasoned investors. I highly recommend you visit it and look around. You will find many articles…
“Wealth If You Want It” exposes some things government might prefer to stay hidden. Here are a few teasers: Government is bankrupt in the sense that it cannot honor its obligations, at least with dollars that have any relationship to…