Latest
The Fed Flunks Monetary Policy – Ep 701
Worse than expected inflation report furthers transitory fantasy. Fed failing its mandates. IRS abates my excessive $1.4M penalty. US using Covid to keep citizens from getting passports.
Surging Inflation Is Anything but Transitory – Ep 700
Consumer prices on the rise and going higher. Markets figuring out the Fed can’t fix Inflation. Trump calls Bitcoin a scam. Michael Saylor goes on damage control with Hannity. Biden’s administration wages class warfare against rich with IRS leak.
Financial Media Downplays Inflation Risk – Ep 699
Inflation is on the rise and so is denial about it. Oil prices reach their highest levels since Covid began. Broken bond market and rising stock market are not evidence of low inflation. Janet Yellen admits higher inflation is coming, but says it’s a good thing. Global minimum tax is
The U.S Dollar Is a Meme Currency – Ep 698
Contradictory jobs reports creating market volatility. Russia begins dumping dollars and buying other currencies and gold. AMC buyers think they’re sticking it to the man as they hand their money to institutions. Bitcoin 2021 kicks off in Miami. Ron Paul does not believe in Bitcoin. Gold has never been easier
Americans Lost Every War – Ep 697
Falling Dollar elevating Yuan. China increases its child limit. Ray Dalio didn’t endorse Bitcoin; he condemned treasury bonds. American soldiers died protecting our freedoms, but our freedoms didn’t survive the wars. Truth in advertising should apply to legislation.
Traders Begin to Realize Higher Inflation Is Bullish for Gold – Ep 696
The Great Rotation is underway. Gold closes the month with its highest monthly close since August 2020. Headline PCE has biggest rise in 13 years. Core CPE has biggest rise in 25 years. Rent rises 5.4%. Food rises 28%. Traders waking up to reality that inflation is bearish for the
Inflation Tax Already Destroying Purchasing Power – Ep 695
Gold close to breakout and dollar close to break down. Fed admits unpleasant inflation is a possibility. Major disappointment in home buyer data. Surplus of money is pricing Americans out of the home and automobile market. Government begins blaming companies for higher prices instead of inflation. Don’t let your money
INFLATION CRASHES THE PARTY
It’s dawning on many investors that our post-Covid financial problems may not be as easily solved as Washington claims. The latest clue that trouble is brewing has come from the sudden and dramatic arrival of inflation. On May 12, it was revealed that the Consumer Price Index (CPI) had risen 4.2%
Bitcoin Is Nothing Like Gold – Ep 694
Rotation continues from momentum to value as Bitcoin investors turn to gold. China is the excuse, not the reason for the Bitcoin bubble bursting. This Crypto Winter may be the longest and most brutal of all. Dave Portnoy shills Safemoon gimmick. Coinbase may be the biggest failure vs. expectations of
Peter's Blog
INFLATION CRASHES THE PARTY
It’s dawning on many investors that our post-Covid financial problems may not be as easily solved as Washington claims. The latest clue that trouble is
YOU WANNA BUY A BRIDGE?
Recently, a piece of collage art entitled “Everydays: The First 5000 Days,” by an artist known as Beeple, sold at a Christie’s auction for $69 million. The Wall Street
Springtime for GameStop
The central idea in the classic Mel Brooks comedy “The Producers” is that unscrupulous Broadway impresarios could succeed fabulously by creating a play so uniquely
