by pentoport | Mar 20, 2026 | Commentary
March 20, 2026 Anemic Labor Market and the End of Passive Money Flows The weakening Labor Market is reducing the flow of passive dollars into the stock market. Both labor supply and labor demand are falling in tandem. On the supply side, immigration into the US has...
by pentoport | Mar 12, 2026 | Commentary
March 12, 2026 Stagflation is bad for most stocks in nominal terms and even worse in real terms. The alarming employment data coupled with a large spike in oil prices helped send stocks down for the worst weekly performance in nearly a year last week. However, this is...
by pentoport | Feb 20, 2026 | Commentary
February 20, 2026 The Federal Reserve is a most abhorrent institution. Its habitual money printing and interest rate repression serves to enrich banks just as it bankrupts the middle class. Want proof? Underneath the thin veil of consumer prosperity lies a pile of...
by pentoport | Jan 16, 2026 | Commentary
January 16, 2026 I fully support President Trump’s desire to fire Jerome Powell for gross incompetence. The irony here is that Trump wants him gone for not reducing rates quickly enough. Whereas, I think he should be canned for being the biggest money printer in...
by pentoport | Dec 11, 2025 | Commentary
December 11, 2025 The Federal Reserve’s final meeting of 2025 was a masterclass in obfuscation and monetary malfeasance. Chair Jerome Powell, with his trademark calm delivery, announced yet another 25-basis point cut, bringing the federal funds rate down to 3.5–3.75%....
