By Bradley J. Steiner, American Combato The NY Daily News online carried a story back in December (Christmas Eve, in fact) about a man who, in a bar fight, punched another. It was an imbecilic, meaningless argument, of course. The serious, civilized, intellectual discussions take place in settings other than neighborhood taverns. In any case,...
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AUGUST TRADE DEFICIT SETS RECORD
Remember the Trade War during the Trump administration. Remember how we kept reporting what bullshit it was when the business media Presstitutes kept peddling the crap that nearly every time the markets fell or rose it was related to the “trade war” between the U.S. and China. And, remember how we said that there was...
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HERD IMMUNITY HERESY: LIES AND DAMN LIES
What’s the deal with herd immunity, in terms of the COVID War? Is it real? Is herd immunity an attainable goal? Is it an alternative to vaccination, or an adjunct? Can it be achieved when a certain percentage of the population has been vaccinated? Or is herd immunity a nebulous concept, even a myth? When...
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CENTRAL BANKS: “WORST NIGHTMARE” COMING?
Central banks are beginning to face the very real prospect of national economies shaped by slowing growth and rising prices, a fiscal disease which we term, Dragflation, which we reported on last week in articles “ANALYSTS WRONG. NOT STAGFLATION, IT WILL BE DRAGFLATION” and “Spotlight: Inflation Spreads” (5 Oct 2021). To head off the emergency,...
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THE CRYPTO “AGE OF UTILITY” HAS JUST BEGUN
Back in February we noted that 2021 would likely see exponential growth in cryptocurrency adoption. (See “CRYPTO SANITY,” 16 Feb 2021) That happened, with crypto users and investors more than doubling in the space of six months. The year has also marked a sea change in the attitude of traditional institutions toward cryptos. Speaking at...
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DISTORTIONS IN THE MARKETS WILL BECOME EVEN MORE EXTREME
By Gregory Mannarino Traderschoice.net Despite the current economic freefall, the S&P 500 is now only 3 percent off from a new record high. Just last week we got the worst miss regarding job creation ever for the previous month. Crude oil, which is the LIFEBLOOD OF THE MILITARY INDUSTRIAL COMPLEX is surging. Debts and deficits...
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U.S MARKET OVERVIEW
October started off with a market bang, as U.S. equities posted their biggest weekly gains since June. The word on The Street is that with expectation of the Delta variant waning and the piling on of more government debt following the U.S. Senate’s stopgap deal to avoid a government default… that happy economic days are...
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POWELL ACCIDENTALLY BOOSTS CRYPTO
Cryptocurrencies’ prices bumped up Friday after Jerome Powell, chair of the U.S. Federal Reserve, said in testimony before the House Financial Services Committee that the Fed has no plans to ban them. Bitcoin jumped 10.8 percent to rise above $48,000 on Powell’s comment; Ether also shot up 10.8 percent. Crypto enthusiasts have long been nervous...