Sitemap - 2023 - A Havenstein Moment.

Year-end 2023 Comments

Word Salad

It's the most wonderful time of the year.

"The best century we've ever had"

Tom Bodrovics, Tom Luongo, Dave Collum, and Me

My full interview with Demetri Kofinas

American Horror Story Season 13: Fed Cult

Bright, Shiny Objects

Suzanne Researched This

Hidden Forces with Demetri Kofinas

Debaser

Tyranny, Glitches, Cults, and Wall Street

Schrödinger's Housing Prices

Slaying dragons.

Ron Paul's "What If" Speech

My definitely wide-ranging chat with Tom Bodrovics of Palisades Gold Radio.

Quantitative Teasing

The deflationary nightmare, any day now, it's coming...

Conspiracy theories, drugs, and computer games.

It was considered unthinkable that this would not continue.

Evil, or stupid?

"The Godfather of Fintwit" with Zach Abraham

There's no free lunch.

Wake up in the morning, where's my little China gold?

"They will have to monetize"

The Prairie Traveler

A Residue of Problems

"Mind-bendingly nuts."

The numbers don’t pencil any more

Rate Cut Cycles: Pivoting Prices Lower

Frances Farmer will have her revenge on Malaysia.

Almost irresponsible.

Long-Term Crummy Models

Econ Majors Guessing The Future.

"People hate inflation. Hate it." - Jerome Powell

Chatting with Michael Gayed

Inflation is not a partisan issue, it's a class issue.

Tom Luongo Episode #153 - The True Costs of Inflation

"It was the zero-percent era that made a 5%-plus rate dangerous"

"Housing has become a casino."

"What did we get for this $30 trillion of debt?"

They shot the satellites down

One in Twenty

Coffee and a Mike

Double-digit inflation as a policy-goal.

More High Strangeness

Annotated interview with Natalie Brunell

The Hollow Men

'Homes are meant to be a place to live, where you spend your time and raise a family'

Wars are expensive.

'The purpose of homeownership has been lost'

Marty Bent and Dave Collum

The Road to Nauru

Mind the bid-ask gap.

Stay Alive 'til '25

“Unlike economics, accounting is actually an incredibly useful tool.”

Don't be over-levered.

American Dream for rent.

'Get out before the rush comes in'

The Cantillon Effect

Every day is billionaire bailout day!

A world with no [derivative] losses.

Can Jay end the Fed Put?

Gouge Away

My first speaking part, with Grant Williams and Stephanie Pomboy.

Look who's talking...

There has been no "QT."

The Emperor has no clothes.

The Calm Before the Storm

Enough

Big Tech is Fascist.

Troglodyte value managers of the world, unite and take over.

No bailouts for Barry Sternlicht.

How we got here.

The plural of anecdote is data.

Where's our Hoover Dam?

There's nothing "capitalist" about the Federal Reserve.

Sisu

Why is the Fed still buying bonds?

Rossiya Rossiya Rossiya!

The evil of the Fed is that we've placed everything in the hands of a class of people who can always inflict what they can never suffer.

Apes Together Strong

Why did the Fed go insane with the MBS purchases?

A short rant on Gavin Newsom.

When they started buying mortgage-backed securities, that was a terrible mistake.

The Cantillon Effect is Strangling America.

Stan Druckenmiller, or Noah Smith?

Heck of a job!

I loved "The Big Short"

Noted

MERS

There are not enough people to repossess all the motorcycles.

A world of make-believe.

Sturm und Drang

Trainspotting.

Unwinding insane monetary policy can be painful.

The Consequences of an Unaccountable Federal Reserve

This is not 1931

Having been robbed, the Germans became a nation of robbers.

The Real Anti-Science

The Philly Freeze

Some interesting NFIB Charts

It hides in plain sight.

Record Bearishness!!

How the Federal Reserve Broke the American Economy.

100%

Monetary policy for rich people.

Mark to bonus.

Subprime America

I think the Fed screwed up by allowing zero interest rates to go on too long

The Fed As Drug Dealer

Join me on Notes

Jamie Dimon is not here to save us.

Free speech is life itself.

Be careful what you wish for.

Banks and stuff.

The lowest cost of capital in human history.

Flashback: Hasn't Janet Yellen done enough damage?

The models are wrong.

It’s 1929 for Goldbugs...wait.

We are all frogs boiling slowly in a fiat pot.

The FDIC was left holding the bag.

Timing is everything

Fiat Keynesian Fiesta!

Just fyi.

Look - you worked at the Fed, surely they can't be this stupid?

The war on dissent.

Value Acceptance

How we doin', Seattle?

Misinformation, Disinformation, and Malinformation

"Moderately - just a tad bit bullish, but mostly neutral." <--- actual quote

Privatizing profits and socializing losses!

Everything is awesome!

Bank 'Oversight'

It's all good.

Who was the last Fed chair to run an actual bank?

Deutsche Bank is fine!

Feels like a Friday

If you're first out the door, that's not called panicking.

'The central bank will have absolute control.'

Money as a means of social control.

Just 42 days until the next Fed Decision!!

Wall Street is not main street.

Inside Job

One more day...

Jim Bullard is a menace to society.

I didn't expect a leopard to eat my face.

The Age of Easy Money

As if UBS is any less of a dumpster fire...

True stories could fuel hesitancy...

"If you debase the currency, equities go up."

Sometimes they want to take it down

An announcement, amigos.

Can't stop, won't stop!

The "total and utter incompetence” of U.S. authorities.

SVB 'had no risk management whatsoever'

Screaming Red Flags

Credit Suisse is FINE!

Wait - so it WAS a bailout!

I have come to bury QT, not praise it.

The name of the game is 'bailout.'

It's not a "bailout!!" It's a backstop.

Bill Ackman personifies everything wrong with our financial system.

Bill Ackman Redux

Long and variable lags

The Reichsbank will have its revenge on the ECB.

High Strangeness

Nevertheless, he persisted.

Yes, I'm "permanently suspended" from Twitter again.

Random Memories of 9/11