Latest Insights on PENN
The Fed’s $8,000/Year “Mortgage Tax”
June 28, 2022 Big Picture. Big Profits., Investment Opportunities, News, U.S. Economy
Inflation is caused by a mismatch between supply and demand. The Federal Reserve can’t increase the supply of goods and services. So, to control prices it must engineer “demand destruction.” That’s as nasty as it sounds. I’ve already explained how the Fed uses the “wealth effect” to make households with lots of stocks cut spending … and why that strategy won’t work with U.S. wealth concentrated in so few hands. I also explored how big changes in the U.S. and global economy since the 1970s will force the Fed to raise interest rates A LOT to bring inflation down. Today, we’re going to look at the impact of their demand destruction on U.S. households. 200% Gains on EVERY Penny
June 27, 2022 Big Picture. Big Profits., Cryptocurrency, News, U.S. Economy
Headlines this weekend were dominated by news of Russia’s sovereign debt default. They’re saying it’s the first time Russia has failed to pay back foreign investors in over 100 years — since its government was overthrown by Communist revolutionaries. It’s a wild story, and it’s almost true... Ignore the Crypto Haters — Here’s What Ian King Thinks
June 18, 2022 Cryptocurrency, Winning Investor Daily
Check out what Ian King has to say about this week’s crypto action. BP’s Hydrogen Hub, 456 Can Play This Squid Game & Great Stuff Gets Personal
June 15, 2022 Great Stuff
Forget The Fed, We’re Talking Hydrogen! Great Ones, I’m tired of all the economic data, inflation and Fed talk. So today we’re going to skip over the latest producer price index data, May retail sales and whatever it is the Fed is doing today. (Spoiler: It’s raising interest rates again. Surprise, surprise!) Instead, we’re going […] Consumer Sentiment Crashes, Ulta Splashes & DocuSign Faxes
June 13, 2022 Great Stuff
It’s Times Like These… Great Ones, I was all ready to come into today like a new day rising … a brand-new sky to hang the stars upon tonight. I figured that after last week’s barrage of bad news and Wall Street’s accompanying sell-off, the markets would even out a bit. After all, most of […]