The Debt Ceiling – Nonsense, Misdirection, and Lies

This post originally appeared on May 23, 2023. Introduction: For those of you who don’t follow the daily hyperventilating financial press, the big news during the last few weeks has been the potential debt default by the US government that will roil financial markets, make international trade uncertain, and cause a worldwide recession or worse. … Read more

The Reserve Currency Status is Going to Be a Problem

This post originally appeared on April 24, 2023. Introduction: DKI has been writing about the danger to the dollar as the world’s reserve currency for over a year and on more than a dozen occasions. From a piece we published earlier this month: Most notably, I gave an hour-long lecture at the Institute for World … Read more

The Cause of Inflation

This post originally appeared on April 12, 2023. DKI has written constantly about inflation since November of 2021 when we warned that it was going to be a bigger and more persistent problem than most people thought. We also provided practical specific ideas for how to protect your portfolio. By January of 2022, we were … Read more

Market Reaction to Friday’s PCE Report May Have Been Wrong

This post originally appeared on April 2, 2023 PCE Rockets Market: On Friday, we got the new PCE report. That stands for Personal Consumption Expenditures and it’s the preferred measure of inflation for the Federal Reserve. While it doesn’t get the same attention as the Consumer Price Index (CPI), it’s probably more important in determining … Read more