by pentoport | Oct 13, 2026 | Commentary
October 13, 2026 There are credible reasons for investors to begin reducing risk in their portfolios. 1. The Fed just started the process of pricking the equity, credit, and real estate bubbles by raising the FFR and reducing the pace of balance sheet expansion. While...
by pentoport | Sep 3, 2026 | Commentary
There are 7 reasons to believe long-term interest rates are headed much higher. Of course, there are the obvious conditions of insolvency and inflation. After all, any nation that has $40 trillion in debt (123% of GDP and 720% of revenue), $2 trillion annual deficits,...
by pentoport | Aug 24, 2026 | Commentary
The United States government just posted a $432.3 billion deficit for July, the largest monthly shortfall since March of 2021. That single burst of red ink pushed the year‑to‑date deficit to $1.8 trillion, with two months still remaining in fiscal 2026. At this pace,...
by pentoport | Aug 13, 2026 | Commentary
Recession or Depression? The Ultimate Keynesian Reckoning is Coming The United States government now carries nearly $40 trillion in gross national debt—the largest sum any government in the history of the world has ever owed, and one now compounding faster than the...
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...
