Between Banking (and “special treatment for the rich”) along with one war hot, one brewing, a former president facing a possible perp-walk, and rampant inflation in hard assets, it’s a hard weekend not to have the jitters. Sorry to say: We can’t alleviate too many. But, our steely-eyed view of things will remind you that … Read More
The temps dropped in East Texas overnight. The leading edge of expressed “bitterness” in the coming weeks and even months. A period with more of an Angostura bent than most. Tomorrow night, we’ll kiss freezing out here, but that should be the last of Nature’s winter. Man’s winter will be measured in years. In Economic … Read More
The curse of George Ure is ALWAYS being too early. I booked a small loss Wednesday because of misjudging the start of what may be the beginning of the stock market shaking off the recent banking mania. Although, in fairness, Arnold’s “I’ll be back…” line is likely to be apropos. The future is always clear … Read More
I was wrong when I thought my book Packing to Die: Suitcase between your ears” was done. It turns out that upon reflection, there is still a chapter missing. Maybe even a missing “next book.” Which we will rectify today with an additional chapter that will be added to the book (on Kindle) in the … Read More
There’s too much going on to mess with flowery language today. We have a ton to cover before the next leg down. But we need, like the Air Force 2025 study did, circa 1996, to consider the long-term historical “Where’ve we been?” and “Where we are going?” kind of questions. Bank runs and Crypto’s role … Read More
Surely, you remember the position of Germany in the Weimar Republic debacle following imposition of reparations on the Kaiser’s former Germanic republic. It’s a period of many lessons, not the least of which is: Reparations exacted from unwilling people tend to blow up. Reparations often blow in a hyperinflationary manner. (Money has to come from … Read More
Here’s what half a century of news reporting (and management geeking) teaches pretty clearly. When the first line of a press release begins: “To support American businesses and households, the Federal Reserve Board on Sunday announced it will make available additional funding to eligible depository institutions to help assure banks have the ability to meet … Read More
As you may have guessed, I got up super early Sunday because I forgot that this was “daylight time weekend.” After writing up the outdoor/yardwork and gardening adventures of Saturday, I decided it might be a good idea to “re-synch with the time change.” After a high protein breakfast (two egg tomato and cheese omelet … Read More
Someone stole an hour of our lives overnight. Running the clock forward with Daylight time which is so scammy… We don’t have a “measure, cut, join, finish” project to revel in today. Because the weather was perfect Saturday to take on the greenhouse rework. See, over the winter it grew and grew and turned into … Read More
While musing on the tragedy of Silicon Valley Bank, we were reminded by our consigliere today that indeed, the Media is the Message. As this clip on YouTube shows the problems of SPB; not SVB – but close enough… Sort of the same plot, don’tcha think? South Park Bank musta been channeling the future. Well, back … Read More
Silicon Valley Bank is likely not to be the only bank in this period to go down. Because in our work in long wave economics, for more than 20-years, the severity of economic recessions (and “depressions”) the number of failing banks in a period is a good (early) indicator as to severity. For example, in … Read More
I wrote in this morning’s column thusly: “What we MIGHT infer from such tea leaves is a decline today (to the lower trend level) and then a half-assed rally Monday. “ Bingo! What we see evolving now with about 90-minutes to the close sure looks like we have punctured the lower side of BOTH the … Read More
The End of the World is not yet at hand. Yet, if you pay close attention, you can “almost hear it” at times. Let’s start with the market knock-down Thursday which will continue into this morning according to futures prices. Our Aggregate Index approach to markets shows pretty clearly the decisive area we’ve now entered: … Read More