Last week, we told you that President Trump was monetizing access to the US consumer market. He did that again by resetting the US trade relationship with Japan. Japan has had trade barriers up for US goods for a long time, and are now potentially contesting the terms of the announced agreement. The terms may … Read more
The consumer price index rises for the second straight month, but that’s primarily due to shelter prices which have been rising since 2020. Fiat economists are now saying we’ll see tariff-based inflation starting in October. They might be right, but we’re noticing the constant shifting of the goalposts in their doom predictions. Nvidia wins approval … Read more
Small government activists finally get a win as the Supreme Court allows for DOGE-inspired reductions in the Federal Government workforce. Not only is the bureaucracy expensive; but also, uses overregulation to make the lives of ordinary Americans and small businesses difficult. The new tax bill phases out EV tax credits which is sensible for Americans … Read more
Overview: Today, we got the June Consumer Price Index (CPI) report which showed an overall increase of 2.7% for the last year and up 0.3% for the month (annualizes to 3.7%). The annual number is up 0.3% from May and 0.1% above expectations. The monthly is up 0.2% and consistent with expectations. The Core CPI … Read more
Google signs an agreement to buy fusion energy. It’s even more efficient than the fission reactors which are our best current and future source of power. The technology isn’t ready yet, but investment in the sector is increasing as we get closer to harnessing this new energy source. It still doesn’t change our thesis on … Read more
We have a lot of technology-related news this week. Hewlett Packard Enterprise partners with Nvidia to make high-end AI servers and further cement Nvidia’s position as the entrenched market leader. Peter Thiel invests $200MM in Polymarket. These prediction markets/betting platforms not only provide people an opportunity to bet on economic or political events; but also, … Read more
The Fed didn’t cut rates as expected, but the new dot plot and some hawkish comments by Chairman Powell caused the market concern. We explain the multiple reasons why DKI isn’t worried about Fed projections. The GENIUS act is heading towards approval and Americans are about to be introduced to the benefits of stablecoins. They … Read more
Lots of tariff-related non-news this week. The CPI was up by 0.1% which was far from the disaster predicted by fiat economists. Energy has been a tailwind and may become a headwind. Shelter may become a tailwind. Either way, prices of goods are not rising as feared. The press report on the jobs report is … Read more
Overview: Today, we got the May Consumer Price Index (CPI) report which showed an overall increase of 2.4% for the last year and up 0.1% for the month. The annual number is up 0.1% from April and in line with expectations. The monthly is down 0.1% and below expectations. The Core CPI which excludes food … Read more
