The universal opinion now is that the bond bear market ended months ago, and bonds are an amazingly cheap investment, protected by the pristine reputation of the U.S. of A.

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The universal opinion now is that the bond bear market ended months ago, and bonds are an amazingly cheap investment, protected by the pristine reputation of the U.S. of A.

The ratio of the S&P 500 to the Federal Reserve’s balance sheet doesn’t matter until 2008. Since then, the market has often returned something similar to the reserve growth. The slope of that ratio line is less than 1 percent annualized.

I got two letters from the IRS today. This would normally be concerning, but I’m not, because I know exactly what’s inside them. The reason? Because I get the same two letters every single month, like clockwork.

The IRS and the Federal Reserve are vying for the organizations Americans would most like to hit with nuclear weapons.

Hey, I guess New York beats us! My hand to God, I think Gavin Newsom should wax my family’s cars, considering how much cash we send for him to waste on the Homeless Industrial Complex.
