Reports

In yesterday’s analysis, I compared Janet Yellen to an athlete running the high-hurdles at a track meet. Her finish line is a rate hike on December 13. The hurdles are inflation data, the Trump tax cut, and a government shutdown on December 8. She has to clear all three hurdles ...

I managed a track and field in team in high school. I was not the team coach, I was a student-manager who helped out with equipment, scheduling, training and other logistics. Back in the days before internet I was the kid in the locker room phoning in athlete times and ...

I’ve often compared the causes of financial crises to snowflakes that can trigger an avalanche. A massive amount of snow can accumulate before that one final snowflake comes along to start the chain reaction. The climbers and skiers at risk can never know when an avalanche will start or which ...

$374,477 of investor money just vanished. Investors will never recoup their losses. And even worse, the people responsible will never face the consequences. Here’s the story… From November 6th through 8th, an Ethereum-based cryptocurrency called Confido raised $374,477 in an initial coin offering (ICO). [And ICO is the process that ...

Two conflicting visions of the economy. One good. One bad. Which is right? Which is wrong? Today we follow the cut and thrust of debate… weigh evidence… and cast a wry squint into the future… Says litigant No. 1: The U.S. economy has posted consecutive quarters of 3% real GDP ...

“I don’t know how to tell you this, brother. But your engine is completely toast!” That was the cheery diagnosis I received from my new out-of-town mechanic. This, after my 18-year-old son broke down on his way to my brother’s wedding this weekend. I’m thankful everyone is now safe and ...

Happy Black Friday! I hope you were able to enjoy Thanksgiving with special loved ones this year. Yesterday, I took our crew over to the in-laws house and met up with extended family. We wound up with 14 kids and just 10 adults at the house. So as you can ...

In the age of the smartphone, distracted driving has become a massive problem. A whopping 94% of teenage drivers acknowledge the dangers of texting while driving, according to a recent AAA poll. But 35% of these same teens say they do it anyway. Our smartphone distractions have gotten so bad ...

Yesterday I hinted at a brand-new blockchain network powered by some of the biggest names around. Today I’m bringing you an insider’s look at this brand-new version of the popular network. Introducing the Linux Foundation’s Hyperledger project. It’s biggest innovation in blockchain tech I’ve ever seen. Pulling Back the Curtain ...

The Wall Street Journal published a superb example of hopium recently in a sunny-side-up story entitled “U. S. Manufacturing Rides Rising Tide, Buoyed by Global Growth, Optimism.” Indeed, this lazy cheerleading excuse for journalism captured the sum and substance of why the punters keep buying the dips despite troubles gathering ...