Do Hikes Produce a “Sentiment Recession?”

The Fed hiked 75 bps again. The markets rallied big yesterday. But technically, we’re still in No Man’s Land. Happy Thursday! My goodness, I need to stop partying in the Big Apple. Besides dealing with the rats, it’s probably not optimum for my liver. Two nights ago, we went to Fraunce’s Tavern. That’s the ancient...

What is the Cantillon Effect?

Happy Hump Day! Last night, I drank a few drops of something cheerful with my new Irish friend Simon, who’s training the same bankers I am. He reminded me that I haven’t talked about Richard Cantillon, that great Irish-French economist. Cantillon was an Irish-French economist and author of Essay on the Nature of Trade in...

Gold Note No. 40

When does the gold price get a break? Gold investors are asking this question as the gold price continues not showing signs of a bottom. With Fed tightening in full force and another rate hike being announced at the July FOMC meeting, that break in gold’s downward trend could be coming soon. In today’s gold note, Jim details what could mark the start of a new gold rally.

More Evidence the EU’s Russia Policy is a Disaster

Reduced output and runaway inflation are the new normal in Europe. Russia has already reduced gas flows and will cut off Europe before it’s ready. As a result, Europe will return to coal-fired plants.  Oh, the irony. Happy Tuesday! As I walked around the streets of the Big Apple, I thought, “Oh, rats!” Credit: Sean...