The FED speaks: THE 25-BASIS-POINT HIKE IS NOT THE STORY The Federal Reserve has raised interest rates by 0.25 percentage point, taking the federal-funds target range to 3.75%–4.00%. The immediate effect is largely psychological. Markets react to the headline, algorithms react to the headline, commentators react to the headline, then
US GDP reportedly grew by 1.5% in the second quarter. Cause for celebration? Not necessarily. The figure comes from the government, and whether it accurately reflects economic reality is open to debate. Personally, I have my doubts. Economists generally regard annual GDP growth of 2% to 3% as healthy. At
“What we are living through is not a bull market in gold and silver. It is a bear market in trust — in currencies, in institutions, in paper promises, and in the systems that have been pricing these metals for the last fifty years.” WHAT’S ACTUALLY HAPPENING When the price
The panic by the Trump administration over the growth and expansion of the BRIC’s system I believe, is justified from an American viewpoint. I do not believe that the tariff of 10% on BRIC’s aligned nations will stop the process at all. When we look at why an alternate non-dollar
Everyone has an opinion. Thank goodness. This is how markets are made. If we are fortunate, or trained, or have a system, or are sufficiently experienced, we hope to get more than half of the calls correct. Reading the economic tarot cards becomes more difficult as the markets become more
What a fascinating world we’re living in. Who does one believe? Can we believe the economics we were taught or were we just being corralled into the same think tank? I like the idea of tariffs at a low base, worldwide. Ridiculous numbers are just a disincentive to doing business
Maybe that is how tariffs work. I am not so convinced. This is a grand manipulation by Trump to reverse the ever expanding debt, to bring jobs back onshore to the US. To bring any country which has trade with the US and to get them at the table for
I cannot think of any country that does not need a clean-out such as this. In my opinion, this is the tiny portion of the iceberg above the water line. No wonder those sucking from the endless teat are so dedicated to fighting against DOGE. The hard working taxpayers are
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