Overview: Last year, a message board on Reddit called Wall Street Bets succeeded in driving up the prices of GameStop (ticker: GME) and AMC Entertainment (ticker: AMC) by huge amounts. The efforts caused billions of dollars of losses at hedge fund, Melvin Capital, enabled some large insider sales, and resulted in the bizarre occurrence of … Read more
Overview: After months of teasing, last week, the Federal Reserve announced an increase in the Fed Funds rate of 25 basis points (.25 percent) from the current zero (approximately). While this was the smallest possible increase, the Fed indicated it was expecting to raise rates another six times this year and potentially, another 3-4 raises … Read more
We published a piece in the newspaper that deals with issues so important, we wanted to re-emphasize them here. For our non-U.S. subscribers, please note that while certain discussion of U.S. policy won’t apply to you, key points on energy and food inflation will affect you as well. Link to the original article is here. … Read more
Preparing for Recession/Stagflation: In November, we prepared subscribers for coming inflation and noted that the current CPI number was not accurate. We wrote: “Those huge increases in energy, housing, and food prices indicate that the relatively benign CPI number is underestimating the issue.” In February, we openly said that the recent GDP number of 6.9 … Read more
This morning, the U.S. Bureau of Labor Statistics announced last month’s Consumer Price Index (CPI) was up 7.9%. As we’ve pointed out multiple times in multiple forums, this number is complete nonsense. The increase in shelter (housing) prices was listed at 4.7%. As we’ve noted in the past, this is due to a change made … Read more
We’re pleased to present a guest post from Nick Giambruno of International Man. We wanted to highlight Nick’s fantastic work for two reasons. First, like us, he sees Bitcoin as a solution to a lot of problems that exist in the current banking system. Second, Nick believes that “the politicization of money is an urgent … Read more
We’d like to thank Erik, the team at Invested.dk, and their fantastic investor community for a great interview last week on #inflation, #interestrates, $GLD, $SLV, #oil, and #Bitcoin. It’s always a pleasure to speak with them!
Hi All, The situation in Ukraine / Russia has everyone’s attention right now. What’s the future for Ukraine? Will sanctions work? What does this mean for the U.S. / Russian cold war? How does this affect U.S. foreign policy? We’ll be unraveling all of that for you this Wednesday at 1PM Eastern time with Heather … Read more
