Archive for January 2023
Consequences of Debt Excesses and Irresponsible Currency Creation
Debt has consequences. As does currency creation to temporarily mask the economic effects of excessive debt. While an entire book could be written on how the consequences of debt and high levels of currency creation will manifest in the months and years ahead, in this issue of “Portfolio Watch,” I will examine two…
Read MoreAre the Saudis Ready to Ditch the Dollar?
For several years now, I have been writing about the ultimate consequences of the considerable devaluation of the US Dollar. Over the past couple of years or so, every American has felt the effects of this dollar devaluation first-hand as consumer price inflation has driven the price of nearly every necessity higher. But…
Read MoreDepression Parallels?
Depression parallels? Not a comfortable topic to discuss, to be sure. But as my now oft-quoted history professor used to say, “those who don’t study history are doomed to repeat it.” The older I get and the more experience I acquire, the smarter my history professor becomes. Which brings me to this…
Read MoreWelcome to 2023 and the US Dollar Losing Favor
This week, I want to highlight some of the currency shifts that are taking place presently. Not surprisingly, the Chinese Yuan is gaining favor around the world at the expense of the US Dollar. This from Alex Kimani (Source: https://oilprice.com/Energy/Energy-General/Why-We-Shouldnt-Underestimate-Chinas-Petro-Yuan-Ambitions.html): The de-dollarization of the global oil industry is in a treacherous mission creep phase.…
Read MoreHappy New Year – New Taxes Await
Happy New Year! And, with the new year comes higher taxes, thanks to the Washington politicians. While I fully expect another difficult year for the economy and investing, the consumer spending-dependent US economy will have to withstand higher taxes in addition to record debt levels and inflation. This from “Zero Hedge” (Source: https://www.zerohedge.com/political/heres-list-biden-tax-hikes-which-take-effect-jan-1):…
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