Please buy my product, and I’ll use the money to buy yours. Flurry of Circular Deals The Wall Street Journal asks Is the Flurry of Circular AI Deals a Win-Win—or Sign of a Bubble? If this reminds you of circular investment in the dot-com era, it’s because it should. The Journal […]
Every time the US government has faced an existential financial crisis in its history, it has chosen to change the rules rather than honor its promises in full—usually by replacing gold or silver with paper. From the War of 1812 when interest payments were missed, to the Lincoln’s Greenbacks, to […]
Millions of Americans are discovering that at some point the money runs out and the party is over. Vehicles are being repossessed at the fastest pace since the global financial crisis, foreclosure filings are up 18 percent compared to last year, and student loan delinquencies have soared into unprecedented territory. […]
The short answer is no. Alleged Threat – SNAP Benefits End November 1 SNAP stands for Supplemental Nutrition Assistance Program, widely known as food stamps. Politico reports At Least 25 States Plan to Cut Off Food Aid Benefits in November Millions of low-income Americans will lose access to food aid on […]
During a conference call with investors last week, JPMorgan CEO Jamie Dimon made a memorable response to a question from Wells Fargo analyst Mike Mayo about the collapse of a subprime auto lender called Tricolor that cost the bank $170 million. Tricolor went bankrupt due to allegations of fraud, including […]
It’s been nearly six years since the SARS-CoV-2 virus spread into the United States, ushering in the pandemic that would come to define the first quarter of this decade. Considering how recently it occurred and how much it affected every facet of American life, it is somewhat remarkable how absent the pandemic […]
A little more than a month ago on USAWatchdog, Biblical cycle timing expert, geopolitical and financial analyst Bo Polny said, “Silver, this time around, is not just going to go through $50 per ounce, it’s going to go through it like a hot knife through butter.” With more than a […]
Bessent mentioned seven price floor areas in a CNBC interview but did not name them. Price Floors Across a Range of Industries The discussion of price floors is in relation to the US trade war with China, especially rare earth metals. However, it’s not just rare earths. Treasury Secretary Scott […]
Big Banks Prepare for Compliance Based Currency by Greg Reese Read on Substack
Is the U.S. about to experience another banking crisis? Shares in banks, and particularly regional banks, imploded yesterday. At one point the regional bank index (KRE) was down 7%. The issues pertain to two recent bankruptcies in the subprime auto-lending and auto parts manufacturing industries: TriColor Holdings and FirstBrands. About […]