Archive for June 2021
Retirement Delayed?
As I have suggested previously, the economic climate and the policy response to COVID (massive money creation) will change the perspective that many Americans have about retirement. An article published by the Foundation for Economic Education (Source: https://fee.org/articles/survey-1-in-3-americans-to-postpone-retirement-after-lockdowns/) last week reported on the results of a survey that found one in three American workers…
Read MoreGreatest Speculative Bubble of All Time and What Happened to Gold?
Does the name “Michael Burry” ring a bell with you? Mr. Burry is a physician by training but while in his medical residency training, he became obsessed with financial investing. He didn’t finish his residency, instead, he left the medical profession to start a hedge fund. He quickly developed a reputation for his…
Read MoreMore Inflation Evidence Last Week – No Surprise
As noted last week, the lead economic story remains inflation. As I discussed last week, whenever money is created literally out of thin air in enough quantity, inflation is the result. However, there is a time lag between the time money is created and the point at which inflation shows up. In my view,…
Read MoreFlashback to the 1970’s?
One of the most obvious economic stories remains inflation. As I discuss on the RLA Radio program this week with guest Karl Denninger, there is a time lag between money creation and the onset of inflation. Money creation began in earnest last year in response to COVID as stimulus packages were passed and helicopter money…
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