History Shows Tariffs Deepened the Great Depression
"This did not come as a surprise to students of economic history. We have studied the Tariff regime in the 1930s, which more or less had the exact same results. They may not have caused the Great Depression, but they certainly made it much worse..."
Seeing Problems as Opportunities Gives You the Edge
"The person who approaches a problem like an opportunity has an advantage that the person who sees an obstacle will never understand." -@shaneparrish
Extended‑range EVs Have Roots a Century Old
The extended range EVs are not new; a more recent list beyond the BMW i3 would include: GM EV1 hybrid Renault Kangoo Chevrolet Volt Opel/Vauxhall Ampera Fisker Karma Cadillac ELR It's a surprisingly old yet effective technology that dates back a century; modern versions started in 1990s.
World Bank Reconsiders Free‑Market Absolutism in New Report
This week in "Nobody Knows Anything" "In a new report, the World Bank thinks better of its old free-market absolutism."
Hamptons Home Prices Hit Record, Surge over 30%
Lots of bonus cash, too little supply: "The median sales price for the Hamptons surged 18.3% annually to $2.4M, highest on record, Average sales price also surged 31% to $4.3M, the highest on record -@jonathanmiller
Airline Fares Signal Upcoming CPI Inflation Rise
Not an encouraging sign... this is a solid indicator of future airline prices and CPI inflation. via "Airlines for America" website https://t.co/zXUKyVcVvd
Tax‑Smart Strategies Outperform Pure Stock‑Picking Returns
If you are solely focused on generating better returns through stock picking and/or market timing, you are leaving a TON OF MONEY on the table. Get smarter about the many ways you can substantially improve your net, after-tax, total returns...
NFP 178k: Overhyped Amid Low Expectations
I am aghast listening to people on TV discuss the NFP report of 178k as "Blowout numbers." This is an okay number, not as bad as some recent data points, not as good as others. Call it the soft prejudice of...
Prior Innocence Shouldn't Grant Leniency to Fraudsters
Should Fraudsters get time off because they did not commit a crime before or were never caught previously?
Cliff's Volatility Laundering Sparked Inevitable Market Shifts
Once Cliff coined (or amplified?) the phrase "Volatility Laundering," everything else became only a matter of time...
Oversold S&P Poised for Rebound After Four‑week Slide
The S&P 500 has been down 4 weeks in a row, and six of the last 12 weeks. As of Friday, we were off ~6.8% from recent highs, with the Nasdaq off ~8.2%. This looks less a case of TACO, and more...
Friday's Must-Read: Finance Turmoil, Political
10 Friday AM Reads -Finance Bros to Tech Bros: Don't Mess With My Bloomberg Terminal -Bond Traders No Longer Price In Any Chance of Fed Cut in 2026 -Demand destruction has begun -Trump Wants Powell Out. Powell Is Digging In -Concierge Nation: Welcome to White-Glove...
Gold and Silver Fall Amid War, High Oil Prices
We are in the midst of a hot war in the Middle East, with Oil prices kissing $120, a cooling (pre-war) labor market, and the odds of a recession ticking up from modest levels. And despite all of this geopolitical economic...
AI Chat Apps Top Charts, Then a Must‑have Joins
"On any given day, the most downloaded apps in the world are ChatGPT, Claude and Gemini. But one day not long ago, the AI tools of our time were suddenly joined at the top of the app charts by another product...
Crypto Claims Legitimacy While Ignoring Terror Financing
I am always perplexed by 1) what the crypto industry SAYS about its desire for legitimacy and then 2) what it DOES in direct contradiction to that: "WSJ reported that crypto exchange shut down internal investigation into transactions funding terror groups..."