by | Dec 2, 2022 | Uncategorized
The Fed isn’t backing down. During his last scheduled talk before the Fed’s next policy meeting, Jerome Powell vowed to defeat inflation: “I can assure you that my colleagues and I are strongly committed to this project and we will keep at it until the job is...
by | Dec 2, 2022 | Uncategorized
The audience shimmered with expectation as Fed Chief Powell began to speak. If Powell announced a Fed pivot, bears would head for cover and bulls would run free. And the stock market would jump back on track to reach record highs. But Powell dashed all hopes of a...
by | Dec 2, 2022 | Uncategorized
The message was clear: Russian oil was no longer welcome in America. “This package is about bringing every tool of economic pressure to bear on Vladimir Putin and his oligarch cronies,” said Democrat Sen. Ron Wyden after Congress passed the ban on Russian energy...
by | Dec 2, 2022 | Uncategorized
Once upon a time, the US dollar was “sound money” — its value was pegged to a fixed weight of gold, not debt as it is today. Back then, the government wasn’t able to “print” unlimited “dollars” out of thin air. They had to buy gold equivalent to around 25% of what...
by | Dec 2, 2022 | Uncategorized
If investors always try to “follow the Smart Money,” like hedge funds and renowned, sophisticated investors, then one question comes to mind: Who, or what, does the Smart Money follow? The answer is the “Smartest Money” — central banks. Every day, we read about how...
by | Jul 21, 2022 | Uncategorized
The dollar remains the world’s reserve currency, but Russia and China are signaling a significant shift away from the greenback. Now the Bank of Israel seems to show these efforts are somewhat successful as it’s reducing its exposure to the dollar (and the euro). In...
