I Do Not Envy This Man
I'm starting to feel sorry for Federal Reserve Chair Jerome Powell. This week, many of his allies offered serious contradictions to the Fed's plans for the economy. I want to talk about what this means for your money.
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News
May 2021
October 2020
In a Time of Fiscal Dominance, the Market Cares About Spending More Than Who Wins
On Aug. 10, TradeSmith Daily explained two terms every investor should know: Financial Repression and Fiscal Dominance. To briefly summarize them, financial repression is…
Read nowJanuary 2021
Inflation Expectations are Materializing in the Bond Market
If you want the most elegant case for why inflation is a risk in 2021, it might just be the trajectory of M1 over the course of the past year...
Read nowFebruary 2022
Inflation Is the Fed’s Own Problem, and It Is Too Slow with the Solution
The Fed greatly expanded its balance sheet – essentially printing money – for years through a process called quantitative easing (QE). It started in the aftermath of the housing bust and financial crisis 15 years ago. And while the economy recovered, the Fed never really stopped printing money for long.
Read nowOctober 2021
Intel Crosses the Rubicon
Intel appears to be “crossing the Rubicon” with its decisive effort to take on some of the world’s fastest-growing semiconductor manufacturers.
Read nowMarch 2020
Is $2 Trillion Worth of Stimulus a “Nuclear Bomb” — or a Mattress in a Volcano?
A $2 trillion emergency relief bill passed in the U.S. Senate by unanimous vote on Thursday. The bill is likely to pass in the House,…
Read nowMay 2021
Is Ark Innovation’s Cathie Wood Repeating Bill Ackman’s $4 Billion Mistake?
Every few years, a new money manager takes the investment world by storm. This manager rides a previous success or prediction into the headlines. Investors pour capital into his or her funds. Today, the “rock star” money manager under pressure is Cathie Wood, the CEO, Chief Investment Officer, and co-founder of Ark Invest.
Read nowOctober 2021
Is AT&T Ever Going to Escape Its Rocky Acquisition Past?
Let’s talk about AT&T, which faces a lot of scrutiny in the wake of this quarter’s earnings report.
Read nowSeptember 2020
Is Nikola the Theranos of Electric Vehicle Start-Ups?
You may remember Theranos, the blood-testing startup run by Elizabeth Holmes. Theranos was a fraud, but the company reached a multi-billion-dollar valuation by suckering some…
Read nowOctober 2021
Is The Fed’s Inflation Hourglass Running Out of Sand?
Next week, the central bank will meet for two days to discuss tapering its massive balance sheet and the timing of its next interest rate hike. So today, I want to offer a preview of what to expect.
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