Recent and Upcoming Media Appearances

It’s been a busy few weeks for speaking engagements.  For those of you who aren’t tired of the sound of my voice, here are links to some recent and upcoming events.  Everything being discussed is fully explored first in the premium posts on this site, but everyone learns differently.  I like to read.  However, most … Read more

Fed Raises Another 75bp – Still no “Pivot”

We’ve spent the better part of the last few weeks hearing from the “pivot” people.  These are the market participants who have been advocating for, hoping and praying for, and betting on a Federal Reserve pivot.  An astute reader recently pointed out that the definition of the Fed pivot has shifted from reducing interest rates … Read more

Financial News Outlets Finally Seeing Our Point on Losses at the Fed

Two months ago, we noted that the Federal Reserve held about $9 trillion of assets that are primarily treasury bonds and mortgage backed securities (that the Fed is not allowed to hold).  We wrote that these assets decline in value when interest rates rise, and that if the Fed accelerated the pace of quantitative tightening, … Read more

Squirrels 2 – Central Bankers 0

A squirrel stored 300 pounds of acorns inside a transmitting antenna.  At this point, is there anyone who thinks our debt/money printing/currency debasement regime is superior to a small rodent who saves during the summer so it has food (income) during the winter? The squirrel stocked about 150 kilos of acorns inside the transmitting antenna. … Read more