Democrats presented the last election as a referendum on democracy. Apparently, if you voted Republican, you were a murderer of democracy. No defense of such a claim is possible. Feckless Republicans, news media and other spokespersons failed to address the…
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…
Four assets are tracked weekly on this site. Surprising strength in stocks occurred last week (and for the month of October). Talking heads will provide ample reasons why this happened (in their opinion). Some may even have some validity. Despite…
The mid-term elections are upon us. Democrats are in panic mode. Their fear is palpable while Republicans are joyous with the prospects of gaining control of the House and (likely) the Senate. But the idiots in Washington are not rarely…
An anomaly occurred last week in markets. Bond and stock performance diverged rather dramatically. This divergence is strange market performance, often seen when investors perceive runaway inflation ahead. This article explains why this divergence may be an early sign that…