Reports

Like a squall out of a clear sky… Janet Yellen sent investors under the awnings Tuesday: “It may be that interest rates will have to rise somewhat to make sure that our economy doesn’t overheat.” In reminder: Falling rates generally equal rising stocks. Rising rates generally equal falling stocks. Ms. ...

Another reader has washed us out of his hair — K. Miller, a doctor of medicine. This learned physician has endured our “right wing rantings and ravings” long enough. He will endure them no longer. That is because we have trespassed all boundaries of respectable opinion. And our atrocities weigh ...

What do you think is America’s most serious geopolitical challenge — China, Russia, Iran, maybe North Korea? None of the above, apparently. According to President Biden’s Director of National Intelligence, Avril Haines, climate change needs to be “at the center” of countries’ national security and foreign policy. Well, Treasury Secretary ...

How much wealthier — or poorer — would you be today absent 50 years of government economic regulation? That is, how much wealthier or poorer would you be… had the United States government stood paws off these past 50 years? Your choices are these: A): 3.0 times wealthier B): 1.86 ...

What took Wall Street so long to figure out something I’ve been saying for months? Six months ago, even before the presidential election in November, I began warning my readers that Joe Biden was going to double the capital gains tax. It wasn’t a difficult prediction. Biden said so himself ...

The red flag came down on Wall Street today… and the green flag went running up the pole. Stocks had run negative the past two sessions, jittered by surging COVID cases globally. But today, recovery is back on its legs — evidently. The Dow Jones leapt 316 points. The S&P ...

Would a man trust a fox to mind his hens? Would he trust a dog to mind his dinner? Would he trust a thief to mind his store? Then why would he trust the government to mind his money? “Man needs more to be reminded than to be instructed,” argued ...

The decay of America’s middle class has been well documented and many commentators have explored the causes. This decay isn’t random; the income of the middle class isn’t going to suddenly increase at 15 times the growth rate of the income of the top 0.1%. The income of the top ...

The good news: this bull market will run for months and months. The bad news: stock gains will be lean. The lion has already taken his bites. This is the studied conclusion of crack financial journalist Mark Hulbert. He has ransacked market history and interrogated the data. Stock market rhythms ...

After a multi-month correction in gold, fear and frustration are apparent among gold investors. But today, I’d like to present a case for sticking with gold. Here it is in a nutshell: As long as politicians spend wildly and the Fed keeps monetary policy loose, the case for gold will ...