Well, folks, I’d say things look dead ahead. There is absolutely nothing going on with the economic calendar except for the continuous flood of Powell-Bux from QE4. Trade accordingly!

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Well, folks, I’d say things look dead ahead. There is absolutely nothing going on with the economic calendar except for the continuous flood of Powell-Bux from QE4. Trade accordingly!

When I was a young lad, I had the privilege of going out to Bob’s Big Boy twice a year for a sundae. Once at the start of the school year, and once at the end of the school year. It was my mom’s treat for me, and I suppose gave her an opportunity to talk to me about what I was looking forward to in the new school year or, as the case may be, what I liked about the year that had just finished. It is among my favorite childhood memories.
We weren’t poor, but we certainly didn’t eat out much. Almost all of our meals – – nearly 100% – – were home-cooked, and quite good. Of course, as a child, passing by the brightly-lit fast food joints was a little intoxicating to me, since the allure of free little toys and ostensibly delicious food was made plain to me by the commercials I saw.
(more…)A little over a week ago, I did a post called Liquid Assets which was an attempt on my part to create a metaphor for what is happening with the trillions of dollars of new “money” being conjured up by Jerome Powell and dumped (virtually exclusively) on the rich.
I do not have an economics background, but I think about economic and social matters constantly. If you saw me sitting in the car at a red light, I’d be staring off into space, almost certainly thinking about these topics. Sometimes I think I’m too dim to grasp the subject matter, and other times I think that it’s just so complex, that it’s just damned hard to reason one’s way through it. Whatever the reality, I can’t leave it alone.
(more…)