by pentoport | Jun 21, 2021 | Commentary
June 21, 2021 The Producer Price Index for the month of May was up 6.6% year over year. This was the greatest yearly increase since the Bureau of Labor Statistics began tracking the data. In addition, the Headline Consumer Price Index rose 5% year over year in May,...
by pentoport | Jun 14, 2021 | Commentary
June 14, 2021 Inflation is running white-hot right now, and the reason is clear. It is because the Treasury poured $6 trillion into the economy between March of 2020 to March of 2021. That amounts to nearly $50,000 per US family in the name of pandemic relief....
by pentoport | Jun 7, 2021 | Commentary
June 7, 2021 The U.S. central bank has metastasized from an institution that was originally designed to assist distressed banks, to one that believes its purview now includes perpetuating asset bubbles, fighting global warming and reconciling racial inequities....
by pentoport | May 10, 2021 | Commentary
May 10, 2021 The rates of growth and inflation are now surging in the U.S., but that shouldn’t be a surprise to anyone. What else would you expect when the Federal government has sent $6 trillion dollars in helicopter money to state and local governments,...
by pentoport | Apr 26, 2021 | Commentary
April 26, 2021 We all should be aware that the current Federal Reserve of the United States is not America’s first central bank. In fact, we’ve had a few others before this current disastrous iteration came into existence in 1913. We hope and believe it...
by pentoport | Mar 22, 2021 | Commentary
March 22nd 2021 In a recent interview, I referred to the Fed as a disgusting institution. I want to explain why I believe that to be the case, as I do not like to disparage anyone or any entity indiscriminately or capriciously—only when absolutely necessary. To be...
