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. […]
Category
U.S. Economy
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 […]
Dogs That Are Fluent in Spanish for $200, Alex.
Dear Fellow Expat: Her tail wagged. Then, it wagged harder. Then she jumped on the table. Gracie, our nine-year-old (give or take) Chihuahua mix, couldn't contain her excitement. After a six-week delay, we finally got our new couch. But she wasn't thrilled about a new place to sleep during the afternoon. The two men assembling […]
This Is My Biggest Economic Fear
Dear Fellow Expat: Tucker Carlson will release an interview tonight with Argentine presidential candidate and front-runner Javier Milei. Follow the U.S. media focus on Milei, and you’ll see he’s labeled as “right-wing,” “radical”, and “libertarian.” The attacks on his economic plans are all-out nuclear assaults… largely because he’s exposing the endgame of problems still building […]
The Green Tragedy… and Red Momentum
Dear Fellow Expat: This morning’s CPI reading didn’t surprise anyone except for Paul Krugman. The embarrassing (but never embarrassed) economist has said over the last few months that inflation is falling. The same message goes for sycophants who are: Protecting their political asses. Doing all they can to deflect from the inflation they caused by […]
Free Insurance on a Burning House and Crushed SUV
Dear Fellow Expat, What would you do with $700 right now? Would you rent a hotel for two days in a nearby city? Maybe attend a special dinner with a friend or loved one? Pay down debt? Well, in my case, a bill arrived yesterday for six months of car insurance. We put up about […]
The Bad (Bond) News Bear...
In recent weeks, I’ve discussed America’s challenges ahead. It’s not a dollar crisis that awaits; rather, we face a duration bond crisis. China, facing pressure to stabilize the yuan, ordered banks to sell dollars and buy stocks. But they may need to dump U.S. Treasuries – and they have about $850 billion worth on the […]
Crab Cakes and Volatility…
Dear Fellow Expat, Greetings from Baltimore. If there’s ever a reason to depart from the Florida Republic, it’s for a crab cake, yellow mustard, and crackers. Provisions are well stocked in the Charm City. We enter a pivotal week for the markets. The Chinese central bank didn’t pump another 1 trillion Yuan into its economy, […]
Hemingway Was Right About America (Turns Out He Had Paul Krugman Figured Out, Too)
Dear Fellow Expat, Ernest Hemingway once wrote: "The first panacea for a mismanaged nation is inflation of the currency; the second is war." Imagine what Key West’s finest author would say about the United States today, as it barrels relentlessly through both conditions. You feel it. I feel it. We’re sending tens of billions of […]
Trying to Reason with Hurricane Season: Here's How to Spot a Volatility Cycle
Dear Fellow Expat, If you’d have told me that the state with the highest total of tropical storms to start the season was California, I’d have accused you of having too much Long Drink this weekend. But that’s the score. California 1 – Florida 0. I’m sure that California Governor Gavin Newsom is proud that […]