"The Lazy Tax"

"A parasite on a parasite."

"Energy availability determines where GDP growth is going to be."

Adam Rozencwajg

S&P 500 Snapshot: Index Closes Above 5000 for First Time Ever

Just four years ago, the $SPX touched 2191 during the Covid panic.

Here’s how the S&P 500 has done since the first rate hike on March 17, 2022:

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Seems like the market is mocking Jay Powell.

Here’s since history began on March 9, 2009:

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Janet Yellen strikes again

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Again, I’d love see her (or Krugman, Wolfers et al.) wander around a supermarket and say the goofy things she does. Yellen’s comments lately are a rich source of material.

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"You’ve got a Treasury in the form of Janet Yellen who has one single job this year. It’s not about funding the US government, it’s about getting Joe Biden elected"

- Julian Brigden with Grant Williams

"Capitalism without bankruptcy is like Christianity without hell."

Frank Borman