A few years ago, even a few months ago, such a plan would have been unthinkable. Today, it is merely fanciful. And tomorrow . . . ?
Indeed, all the conditions for the same Smoot-Hawley pattern of protectionist tariffs, global trade war, economic collapse and, eventually, all-out war, are now in place.
Each day that goes by brings us one day closer to the “end game.” One would have to be genuinely silly to try and put a date on that event, but you all know it’s coming. The US dollar’s days as the world reserve is going to come to an end.
...now that we are living in an era where India and China are being positioned as "rivals" of the American hegemon, it certainly makes sense that we will see the key tenets of Pax Americana challenged.
If you can’t say anything else, the last year and a half has been entertaining, hasn’t it! I can’t wait for the results of the investigations, not to mention the mid terms. This ought to be a lot of fun.
...it's that time of year when confabulators are conferring and conclaves are conspiring. Keep your wits about you and stay tuned to for more information on all of these events when, if, and as they transpire.
Logic says this had to end. History says it’s got to end. And yet they keep finding rabbits. I’ll be the first to admit, that I NEVER thought they could kick the cans down the road as far as they have. Yet, here we are.
...it seems that there is an alternate inscription that could be written above the gates of the Iranian sanction regime. Not "Abandon all hope ye who enter here" but "Where there's a will, there's a way."
I’m not against junk, it has its place. If you’re one that collects change in a jar or coffee can and then cashes them in ever 6 or 8 months, do yourself a favor and take 20 minutes and see if you’ve got any Pre 1970 and especially pre 1965 coins. If you do, you just hit a little jackpot.
I think that solar has been suppressed, because energy is power. THEY don’t want you to have any power, they want it for themselves. When someone has the power to flip a switch and shut off your electricity, or your water, you’re not very independent are you?
And so it boils down to this: The EU and its leading nations have some soul searching to do. Are they going to roll over and do what they're told, like Uncle Sam's dependable lapdog, or are they going to defy their erstwhile master and refuse to comply with a new round of Iranian sanctions?
The Japanese government is too busy buying US missile defense systems and building their own cruise missiles to worry about whether or not they get their way on the constitutional debate.
Rates are rising. We just hit 3% on the ten years. If rates bust through that and get out of hand, servicing the debt loads at the corporate level is going to get ugly. There’s more than a good reason to think that the stock market could truly roll over.
Given Washington’s permanent war policy, its long history of breaching agreements reached, its hostility toward all sovereign independent countries, it takes a giant leap of faith to believe it’ll turn a page on North Korea for peace on the peninsula.
We had a market that had run up for 9 years. We had valuations at nosebleed levels. We had people that didn’t sell in 2017 so they wouldn’t have to pay taxes on it in 2018. Some decided it was time to book profits. We had a lot of reasons for a correction to hit. And, hit it did.