Traders are pricing stocks to levels that make sense only if sailing an open sea of glassy calm as far as the eye can see. Priced beyond perfection as though we are gliding through the economy of a gilded age, the market’s rosy optimism is causing both Bloomberg and Bill Maher (and others) to ask […]
The state’s new ‘Ethnic Studies Model Curriculum’ extends the left’s cultural dominance of California’s public education system, and seeks to destroy the ‘Christianity, capitalism and racism’ white settlers brought to America. The Department of Education in California – where else? – has approved a 900-page “Ethnic Studies Model Curriculum†designed to “decolonize†America. The program […]
This past week we got to observe Fed Chair Jerome Powell and the US stock market and the US bond market do everything I said they would do in their complicated shuffle of ships-and-icebergs: “I’m sure many helium-headed stock investors believe the lilly-livered Fed will turn tail and run from its goal of letting inflation […]
Chairman Powell of the People’s Bank of the USSA would have you believe inflation is no concern because the Federales are in control. The bond vigilantes, with their pistols shoved into his back, would have you believe Powell is their prisoner and is being hauled off to the stockade where his friends in stocks are […]
“Remember that the market is a forward-looking indicator. Ideally, it is pricing in the gains of the next six to 18 months.” (Seeking Alpha) Famous last words again and again. That sunny advice about today’s overpriced market was repeated again about a week ago. It is the same excuse that was routinely deployed at the […]
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