by pentoport | Jul 17, 2026 | Commentary
July 15, 2026 Let us begin not with a headline, but with an arithmetic problem so simple and so damning that it is astonishing it does not dominate every financial broadcast in this country. The United States government now carries $40 trillion in national debt. Not...
by pentoport | Jul 9, 2026 | Commentary
July 10th, 2026 The NFP report for June came in at a disappointing 57k net new jobs created. That was less than the downwardly revised 129,000 jobs added in May and worse than the 115,000 Dow Jones consensus forecast. Revisions slashed 74k jobs from the original May...
by pentoport | Jul 2, 2026 | Commentary
July 2, 2026 The wealth gap in America has now stretched to grotesque proportions, reaching levels that would have been unimaginable even a decade ago. The top 1% of households control 32% of the nation’s net worth, or more than $43 trillion in assets. That means a...
by pentoport | Jun 18, 2026 | Commentary
June 18, 2026 The Fed, under its new Chairman Kevin Warsh, said last Thursday that it will be purchasing $10 billion per month of Treasuries to ensure the banking system has ample reserves. He reasserted the proclivity for balance sheet growth at his first FOMC...
by pentoport | May 28, 2026 | Commentary
May 28, 2026 The United States has now crossed a line that no developed economy in world history has ever crossed and survived intact. In just the past decade, our national debt has doubled. Not grown modestly. Not increased in line with GDP. Doubled. And that is...
by pentoport | May 14, 2026 | Commentary
May 14, 2026 The Mirage of Employment Let us begin with a number that the financial media has chosen, with characteristic cowardice, to bury beneath triumphant headlines about a resilient labor market: 55,000. That is the average monthly job growth in the United...
