The market rallied significantly yesterday on the increase in Fed Funds by only .25%. This is a decline from the .5% that had been the norm. But Fed Head Jay Powell said that this level of increase would be appropriate for some time. But for how long. The market thinks…

The US dollar will continue much lower over the coming year and perhaps beyond. Here’s why: The US economy is weakening more that other major countries The Fed will ease sooner than other countries Inflation differentials are going against the dollar The US economy is leading the world into a…

We told you in 2021 that commodity prices would boom in 2022. And they did. That was one of the main reasons we predicted inflation would boom as well. Both predictions were outliers. Well, I’ve made a career being an outlier! Inflation moderated this year mainly because the price of…

There was a tsunami of money coming into city coffers as the Trump tax cut combined with $5 trillion of dollars of government largesse flooded into our bank accounts. Tax revenues skyrocketed to record highs. Governments were floating on air. But the situation is changing. And going to get worse. Cities…

Hawkish Fed Will Stay Tight Longer Than Market Expects Everything is all about inflation. The Fed is in the middle of a tightening cycle because of high inflation. The stock market is rallying due to ideas that the Fed will stop tightening at about 5–5.25% in 2Q2023. Bunk! Instead, the Fed will…

New Commodity Inflation Boosting Commodity Countries Inflation is easing. The global economy is slumping. Why would you buy Canada and Australia? There is a hidden increase in raw material prices that will boost inflation in the coming months. 2022 was a Big Bull in commodities but commodities like gold and…