The Rapid Jobs Wind-down is Cracking the Market’s Overhang for a Big Avalanche
It should be no surprise that the non-government jobs reports we now rely on—so that we’re seeing those reports show up at the top…
-
-
Supreme Court Examines Trump’s Tariff Turmoil
The Supreme Court, exhibiting skepticism about the legality of Trump’s tariffs, showed that even they understand that the tariffs 1) are a tax and…
-
The AI Bubble in Stocks Just Delivered a Second Major Foreshock
Stocks are cracking up. There are numerous stories today about falling stocks, especially AI stocks, and a badly failing economy. I’m going to hold…
-
Bank Emergency … or Not?
Two red lights flashed on Friday in the world of central banks—one at the US Federal Reserve and one at the Reserve Bank of…
-
THE DEEPER DIVE: In Trump v Xi, Who Was the Biggest Loser?
Xi with one arm behind his back in a tug-o-war with Trump. As I was listening to Trump’s usual extravagant bragging about the great…
-
Is This When the AI Bubble Pops?
Today looked a lot like the start of the long avalanche in stocks that became known as the dot-com bust. Yesterday, I wrote the…
-
Prevaricating Powell Makes the Blunder of the Century
The only thing remarkable about the Powell Presser after the Fed decided predictably to lower interest rates one more time was his naive claim…
-
It PAYS to be President
I’m sure we all remember how President Biden-his-time used his son Hunter as his agent to scout for deals to be made in foreign,…
-
Tariffs, Inch by Inch
In my weekend Deeper Dive, I showed where the government’s inflation data on Friday fell far short of the truth; so, you are right…
-
THE DEEPER DIVE: Inflation Has Become a Hidden Menace
I’ve warned that the inflation numbers put out for CPI by the Bureau of Lying Statistics were going to become an aberration that fails…