Archive

Search By DateSearch By Keyword

Date

2022April

GDP Tanks; Philly Fed Warned Us

Posted April 29, 2022

  In Q1 of 2022, US GDP contracted 1.4%.   Its a sharp contraction after 2021 Q4 posted a 6.9% increase.   The leading indicator, Philly Fed Index, warned us last week.   Happy Friday!   First coffee, then...

Nothing’s Going to Change at Twitter

Posted April 28, 2022

While good theater, the “public square” will remain just that: square. Elon Musk’s valiant attempt to free speech won’t move the needle. European regulators are already licking their “hate speech” chops. Bright, sunny,...

Beware the Bearish Bots

Posted April 27, 2022

The markets took a bath yesterday, erasing the Mondays gains and then some. The Dow was down over 800 points (-2.38%); the Nazzie was down over 500 (-3.95%). Weve...

Expatriation is the New Black

Posted April 26, 2022

US citizenship renunciation is expected to hit a record this year. Thats partly because of the pandemic backlog when no one could renounce. Taxes are just one reason people...

BTFD is Suicidal For Your Portfolio

Posted April 25, 2022

The Dow was down nearly 1,000 points on Friday. Powell announced the Fed might hike 50 bps in May. Investors now look for 75 bp hikes, weighing heavily on...

Happy Rude Year!

Posted April 22, 2022

I took over the Rude 366 days ago. Its been a crazy political and economic year. Thank you for your fantastic support and encouragement!Happy Friday, as well!Its been a...

The Euro and Yen Make the Dollar Look Great

Posted April 19, 2022

If you think the Feds policy is foolish, try Europes! ECB head Christine Lagarde will keep rates low for as long as needed. The ECB and Bank of Japan...

Rise, and Rise Again

Posted April 14, 2022

This weekend is Easter weekend. Its time for a bit of resurrection of our own. Theres no Rude this Good Friday or Easter Monday.Its a fine Thursday here in...

Not All That Glitters is Good Real Estate

Posted April 13, 2022

The Mine is Bigger Than Yours Era is probably over. Commercial real estate will almost certainly collapse once the stimmy runs out. WFH may kill off the WEFs Great...

Ah, French Whine

Posted April 12, 2022

Marine Le Pen will challenge incumbent Emmanuel Macron for the French Presidency. The first round wasnt as tight as many thought it would be. After the other candidates lost,...

Revisiting the Covidiocy

Posted April 11, 2022

I took the AstraZeneca vaccine three months ago. Life in Italy is impossible without a green card. But Dr. Fauci now says youre on your own.Good morning on this...

How to Split the Western Alliance in One Easy Step

Posted April 08, 2022

Hungary votes in a landslide to re-elect Viktor Orban. The EU doesnt like him, so they sanction the Hungarian people. Hungary turns around and agrees to pay for their...

European Inflation is Insane

Posted April 06, 2022

Europes colossal energy price increase is unsustainable. Energy prices have nearly doubled in Italy. Political consequences are coming.By the time you read this, I will have landed in Turin.Were...

The Adults in the Room are Idiots

Posted April 05, 2022

Biden wants more Canadian oil but wont pipe it through. Harris shows what she thinks of laypeople on a radio show. Its impossible to be confident with these two...

Monthly Asset Class Report

Posted April 04, 2022

Large caps rally hard for the suckers. Real estate was up as well, but bonds took a bath. Monero and Ether lead the way for cryptosGreetings from the Eternal...

Will They Cancel Zorro Next?

Posted April 01, 2022

Zurich Insurance drops its famous Z logo. Its the old cancel ourselves before they do maneuver. The city of Zurich has no plans to rename itself Urich in honor...