Dear Fellow Expat: Two weeks ago, I wrote my most important column of the year. I didn't think much about it then. I suggested that oil stocks might sell off due to overbought conditions. And then… it happened today. Everyone is clinging to the Fed speeches this week. What will they say about interest rates? […]
Archives for September 2023
September 2023 - Money Morning - Only the News You Can Profit From
Here's What Happens When I Ask Hard Questions
Dear Fellow Expat: For the last two hours, I'd sat with a friend at the Baha Mar cigar bar in the Bahamas. We'd attended – as media – the FTX SALT Conference, a posh cryptocurrency event that would reinforce the pomp and false truths about Sam Bankman-Fried months before his implosion. Across the patio, a […]
Other Peoples' Kids, Icebreaker Stocks, and the Comedy of the Fed
Dear Fellow Expat: You know what I really like? Other people's kids. My daughter's schoolmate had a birthday party. The theme was dinosaurs. There was a dino cake, a dino waterslide, and many other toys and treats – all things Paleo era. Of course, I was cornered by a mystery eight-year-old who insisted I learn […]
S#*t Your Realtor Says
Dear Fellow Expat: The biggest house in my neighborhood is owned by a realtor. Custom-built, resembling the Canton Football Hall of fame, and enough lights to be seen from space. I'm sure he's a nice guy. He drives a neon jeep with his nickname on the side of it (that's one way to write off […]
It's Two O'clock Somewhere
Dear Fellow Expat: In the Florida Republic, Two O'clock quickly becomes Five O'clock as the season returns. The humidity is still somewhere between "melting" and "soaking". But that will soon pass – as October gives way to somewhat more reasonable temperatures. The snowbirds are starting to fill up the bars. It's competitive at 3 p.m. […]
She's the One
We were driving up Interstate 83 when the love kicked in.
It was St. Patrick's Day weekend.
We were a mile from the Timonium Road exit… on the way to the An Poitin Stil, a bar my father opened in the late 1990s.
The sky was grey.
The car (a blue Honda Civic) was terrible.
But on the radio… was the song "Juicy" by the hip-hop artist Notorious B.I.G.
I Think We Are Married Last Time I Checked
Dear Fellow Expat: "My name is Bob. I engaged in corruption for the duration of my political career. I took money from people who wanted me to use my power to help them make an absurd amount of money. I was wrong. I should not have done this… However, power corrupts, and absolute power corrupts […]
Will The Fed Bankrupt the Tooth Fairy?
Dear Fellow Expat: Imagine for a moment that we become a cashless society. That payments are done by a Central Bank Digital Currency (CBDC). No more dollar bills… no more quarters, nickels, or dimes. All… on your phone. Forget the government tracking… the invasion of privacy… the central bank's ability to see everything you buy… […]
Postcards: Tell Your Wife These Three Little Words
Dear Fellow Expat: I think today is the day… I'm going to tell her. It's been coming for a long time. Those three little words that will drive our future. Three sobering terms bind our fiscal and emotional bonds. "Higher for longer." Yes, my love, the Federal Reserve will keep interest rates higher for longer. […]
Postcards: Captured by Vines... and Regulation
Dear Fellow Expat: Dear Fellow Expat: I'm fighting a losing battle. Yesterday, I paid a landscaping company to carve out about a 60-foot by 100-foot area of land in my backyard. Rip out the soil. I'm putting in some fences. I'm putting stones in the path. I'm looking to build a garden surrounded by mango […]