Anemic Labor Market and the End of Passive Money Flows

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...

Stagflation Sojourn

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...

A Most Abhorrent Institution

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...