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Today we explore the new technology AI and laugh at its many failures before it has a chance to laugh at me.
Gold, inflation expectations, GDP, falling prices, California's exploding budget deficit, and geopolitical events are all giving us clues to where the economic road might lead. Yet we ask what are the events trying to tell us.
We explore the exciting election in Argentina and the hope that represents Javier Milei.
This week we discuss the life of Henry Kissinger, the downfall of Twitter, and how to avoid investing propaganda. Biden does a logical thing for a change, while defense stocks benefit from the conflict in the Middle East, and bonds are everybody's new best friend, while C Thomas is left to sit out in the rain as the market continues its Babel-like ascent into the heavens.
We interrupt our regularly scheduled podcast to bring you a reflection and a remembrance of the wise old sage Charlie Munger, who passed away today at 99 years old. RIP sir.
We look back at data that shows Germany's budget is in trouble as are non profitable biotech and EV, and the American shopper is in even bigger trouble. Meanwhile Egypt and India are bypassing the US dollar, Hedge funds are bypassing using ESG for their marketing after poor performance, and companies are going woke and going broke.
A warning, a haunting warning, of the underlying troubles and possible causes of stock market turmoil.
We discuss the layoffs including the persistent media layoffs, an update on the NordStream pipeline fiasco, more bad news for the green energy movement, and speaking of movements we discuss Disney.
Faced with a two party system that sees spending as a birthright, America has a choice....
According to Danny Moses from the Big Short movie fame, a Friday Night dirty is when news is reported on Friday night so the markets forget about it by Monday. We have two to review this week. We also review why Democrats need to balance the budget and why EV cars continue to be a loser. Speaking of losers, WeWork filed for bankruptcy but don't count their billionaire ex-CEO among them, he is still a billionaire after leaving the company a poop sandwich and flying the coop before the outhouse got turned upside down.
From the publisher's feed