ALWAYS CONSULT YOUR INVESTMENT PROFESSIONAL BEFORE MAKING ANY INVESTMENT DECISION
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June 13, 2021 | State Budgets Shout ‘TOGA!!!!’
Flush with stimulus, the states are in a spending mood that can be summed up in a single word: TOGA!!!!! Take Oklahoma. Their latest budget reflects an annual increase of nearly 18%, according to report from the Associated Press. It includes bigger earmarks for education, corporate and personal tax cuts, credits for school choice and […]
June 8, 2021 | Bitcoin in a Downward Spiral
Gold showing why it’s dependable
June 6, 2021 | Enjoy Inflation While It Lasts
If we’d known the pandemic would trigger the most reckless monetary blowout in history, could anyone have imagined that the U.S. dollar a year later would have fallen by just 14%? That doesn’t even qualify as a bear market, just a middling correction of a powerful bull run begun in 2008, a year ahead of […]
June 1, 2021 | Gold Really Sucks. Here’s Why…
Sucks? Yeah, sure. Maybe in the eyes of crypto fanatics and the quacks who re-invent monetary policy every month. In actuality, few things in the material world suck less than gold. Sorry to resort to headline flim-flammery to get your attention, but it was time to upgrade our enthusiastic endorsement of gold — and silver! — to […]
May 25, 2021 | Gold Bullion, Gold Miners, Bitcoin, Deflation, Inflation
Real Estate, Treasuries, Consumer Confidence
May 23, 2021 | Why Tax-Free Munis Are Still a Buy
Investors who feared muni-bond defaults when the pandemic first hit created unusual opportunity for those willing to buck the tide. One of the winners was Doug Behnfield, a Boulder-based financial adviser at Morgan Stanley whose ideas have been featured here many times over the years. Doug is not only one of the savviest […]
May 16, 2021 | Greasing the Slide Toward Deflation
With home prices pumped to record levels, we are hearing more and more about Uncle Sam’s plan to avoid sticking it to taxpayers when the next crash hits. Although it’s always wise to have a plan to deal with catastrophe, especially one that is inevitable, there are reasons to doubt that a mortgage market valued […]
May 9, 2021 | When Bulls Turn Certain
We went out on a limb here last week with speculation that, just maybe, the bull market was topping. Alas, Friday ended with a short-covering orgy that bloodied bears, leaving the boldest of them festooned on the ropes. My hunch had been rooted in technical factors, including an ominous head-and-shoulders pattern that has been evolving […]
May 4, 2021 | NASDAQ Drop Warning Came Sunday
Strong manipulation keeping oil prices high
May 2, 2021 | Here’s One Fraud We Can Eliminate
First, let me titillate permabears with a ray of hope: A potentially important top may have formed last week in, respectively, the E-Mini S&Ps and in IWM, a proxy for the Russell 2000. The former stalled inches from a ‘Hidden Pivot’ resistance at 4222.82, while the latter turned down precisely on schedule after tracing […]
April 25, 2021 | Tax-Hike Talk Just an Annoyance
Headline writers hyperventilated last week over the prospect of higher capital gains taxes while the stock market took it in stride. Biden wants to double the levy on long-term investments to 39.6%, ending a felicitous run at 20% that was enacted 40 years ago under President Reagan. The Wealthy Will Fight Him to the Death, proclaimed […]
April 20, 2021 | Stock Market Exhibiting Unusual Behavior
Is this a “sell in May go away” year?
April 18, 2021 | A Simple Explanation for Bitcoin’s Plunge
Bitcoin mania hit an air pocket on Sunday with a so-far $11,500 plunge from last week’s record-high $64,858. Groping for an explanation, Bloomberg and other mainstream sources attributed the drop to speculation that the U.S. Treasury might crack down on digital-money laundering. Yeah, sure. This tired story has been marking time for a decade, ever […]
April 11, 2021 | A Contrarian Bet Against Inflation
The inflation trade is struggling for loft, a potential victim of its own, wild popularity. “We don’t have strong reflation-trade momentum at the moment because people are waiting for more data,” said Daniel Tenengauzer, markets strategy chief at Bank of New York Mellon. By his logic, all that it would take to stoke inflation would […]
April 6, 2021 | The Argument for Deflation
Gold your friend if hedge funds get wiped out
April 4, 2021 | Biden’s $2.2 Trillion Trojan Horse
Biden’s $2.2 trillion ‘infrastructure’ plan is quite ambitious as far as Government boondoggles go. But what if it’s just the Democrats’ opening bid? “We can do $10 trillion!” exhorted Alexandria Octavio-Cortez in a remark that is unlikely to be challenged by fellow Democrats or the New York Times. Even $10 trillion would be chump change, however, […]
March 28, 2021 | The Myth of American Affluence
The technological wizardry that has given us smart phones, desktop computers, electric cars and flat-screen TVs has masked a pernicious decline in America’s standard of living since the 1950s. One area where this is painfully obvious is the deterioration of customer service. Recall the scene in Back to the Future when a car pulls into a filling […]
March 23, 2021 | Are Stock Markets Topping Out?
Would one year income tax holiday cure recession? Watch Rick’s Deflation Crisis Webinar.
March 21, 2021 | Just How Smart IS the Smart Money?
I’ve avoided the pandemic, politics and economic doomsday as topics recently because there’s only so much one can say about them. This is especially true of the coming bear market. Coming exactly when, you might ask? Of course, even the very best of us gurus is unlikely to produce the correct answer, other than in […]
March 14, 2021 | Making Up for Lost Time
The rabid mania that has seized the world of investables has gotten so much ink lately that I thought I’d explore an equally curious phenomenon with a far greater impact on our daily lives. Have you noticed how time seems to have taken wing during the pandemic? One Friday follows the last so quickly that, […]
March 11, 2021 | Hyperinflation or Deflation Around The Corner?
What is Powering the Dow Higher? Sign up for Rick’s Deflation Crisis Webinar.
March 7, 2021 | Why This Top Is So Hard to Short
No one said it would be easy to get short at the top. This bull market is proving especially challenging to fade because the herd knows how grotesquely overvalued stocks are. With so many traders eager to bet the ‘don’t’ line, the broad averages have started to behave like El Diablo (see photo above). […]
February 28, 2021 | Why Weimar-Style Inflation Is Nearly Impossible
The global credit-blowout has stoked fears of a money-printing catastrophe like the one that wrecked Germany’s economy a hundred years ago, planting the seeds of World War II. However, even a cursory look at the Weimar hyperinflation of 1921-23 reveals why it is extremely unlikely to happen again, especially on a global scale. It was […]
February 25, 2021 | Even with Bells Ringing, This Top Will Be Tough to Short
They don’t ring a bell at the top of bull markets, as the saying goes, but perhaps this time it will be different. Indeed, everysentient guru and talking head who is not shilling for Wall Street is properly bearish, and even the chimpanzees who make their living rotating Other People’s Money into flavor-of-the-month investment themes […]