ENB Pub Note: Michael and Stu covered this on the ENB podcast several days earlier: Daily Energy Standup Episode #57 – Newsom adds new line to stand up comedy energy tour, Iran and Russia open banking […]
​By Alex Epstein I can summarize the economic portion of Biden’s State of the Union speech in one word: evasion. President Biden is evading responsibility for the consequences of the anti-freedom, anti-development, anti-fossil-fuel policies he […]
Authored by Mike Shedlock via MishTalk.com, Consumer spending hit a brick wall in the US, EU, UK and Australia. Guess what that means… Is the global consumer starting to capitulate? Not Just EU What About […]
Via SchiffGold.com, We saw a big rotation into risk assets after last week’s Federal Reserve meeting. Then we had another big shock to the markets when the non-farm payroll report came out much stronger than […]
Late last week, when looking at the most recent Senior Loan Officer Opinion Survey held by the Fed, we noted that the surge in revolving credit has not gone unnoticed by lenders: the on bank […]
During the Covid-19 pandemic, consumers saved an unprecedented amount of cash thanks to government stimulus and draconian lockdowns. As we’ve been detailing over the past year and a half, those savings could soon be exhausted. […]
All of a sudden the stock market “geniuses” that were minted during the Covid stimulus days don’t look so brilliant. And all it took was for the free money to run out…imagine that. That was […]
Via SchiffGold.com, With the Federal Reserve delivering a smaller 25 basis point rate hike at its February meeting, there is a perception that the central bank is nearing victory in the inflation fight. But as […]
Authored by Mike Shedlock via MishTalk.com, At the current pace, interest on US government debt will soon hit one trillion dollars… Annualized intertest on US national debt from the BEA, chart by Mish Note that […]
Authored by Daniel Lacalle, There are many excuses often used to explain inflation. However, the fact is that there is no such thing as “cost push inflation” or “commodity inflation.” Inflation is not an increase […]
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