I took many questions from yesterday's piece on global liquidity. That's good. It means that people are thinking. They're questioning. They're challenging the status quo but also the author. That's how it should be. The markets don't care about valuations right now. Earnings reports are coming in, and regional banking stocks are getting stronger – […]
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U.S. Economy
The Teenage Mutant Ninja Turtles Are Your First Warning
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There are a handful of arcade games that sucked quarters out of my pocket at a pace that would make the best con man blush. Double Dragon… NFL Blitz… Marvel Vs. Capcom… The Simpsons… and… of course… Contra. But one game rises above all others. This game was legitimately designed to take money from children. […]
This Scary Chart Reveals the Biggest Government Lie Right Now
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postcards from the florida republic: An independent and profitable state of mind. It’s almost time to call it a week. Grab yourself a drink. Have a steak. Enjoy the meal that you want to have – and ignore all the nonsensical do-gooder hypocrites nattering on about bugs and blackouts. But before you head out, I […]
Opting Out of a "Woke" Economy (And Putting Your Money First)
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Postcards from the florida republic: An independent and profitable state of mind. Behind the airport bar beside Gate 15 at the Memphis International Airport, you’ll see a skinny man with shaggy grey hair. He tucks his NBA Memphis Grizzlies tee shirt into a pair of Lee jeans. His belt is extra tight. The bartender said […]
“The System Is Broken” Say the Bureaucrats That Broke It
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The National Economic Council issued a riveting paper this week telling the world that they are doing a good job and that their ideas are terrific for the nation. Hey, I guess it worked for leaders of the Soviet Union, at least for a little while. The National Economic Council, headed by climate zealot and […]
What I Asked Steve Forbes Today
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Postcards from the florida republic: An independent and profitable state of mind. This morning, I directed a panel of global economists and political activists whose passions are economic freedom and human progress. The panel consisted of Steve Forbes, Austrian economist Dr. Barbara Kolm, and Preity Üpala, a former investment banker turned Hollywood actress and entrepreneur. […]
There Are 209,000 Things Wrong with the June Jobs Report - and That's Just for Starters
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Postcards from the florida republic : An independent and profitable state of mind. Six months ago, I sat in a small pub in the West Village in Manhattan with a friend from college. We've been friends for 20 years, and our banter wasn't much different than it had been in 2003. Old bits. Insider jokes. […]
Watch Out: The Lawyers and Lizards Just Might Win This Thing
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Postcards from the florida republic: An independent and profitable state of mind. The United States is not a serious nation. If it were a business, you shouldn't invest. Last Friday, while you were buying hot dogs and hamburgers, preparing for a holiday to celebrate our independence, we experienced another bout of dirigisme – and a bid to choke […]
We Just Got Our First Early Warning of the Biggest Crisis of the 2020s
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Postcards from the florida republic: An independent and profitable state of mind. I respect your time – I wouldn’t send you two daily emails unless the second one is urgent. Technically… we could wait until tomorrow for this message. But, if I’d held off, by the time it reached you, the damage would have already […]
Week Ahead: Oil Cuts, Jobless Claims, and Consumer Packaged Goods Earnings
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Good Morning, It’s Alex Kagin here. Today I’m running through the most important things happening in the market this week and what we can look forward to now with a signed agreement to raise the debt ceiling. And in case you missed it over the weekend, OPEC+ agreed to some pretty big cuts. Saudi Arabia […]
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