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...
by pentoport | May 7, 2026 | Commentary
May 6, 2026 The Inflation Inferno The evidence of an inflation wildfire scorching its way through the American economy is no longer a matter of debate—it is a matter of documented, irrefutable fact. The ISM Manufacturing Prices Paid Index surged to 84.6 in April, up...
by pentoport | May 1, 2026 | Commentary
The Bond Bubble’s Reckoning Few Americans grasp what the Federal Reserve truly does. Its “credit creation” isn’t mystical; it’s the manufacture of liquidity for Wall Street through electronic fiat conjured from nothing but faith in government restraint — faith that...
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...
