The U.S. Won’t Quit Until We Start World War III

We’ve written frequently in the past about the risks of escalation in the War in Ukraine. Of course, all wars carry such risks, and often the escalation plays out exactly as feared. World War II began with the conventional weapons of the time (infantry, ships, aircraft, artillery, etc.) but eventually escalated to fire-bombing major cities…

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Ready for Another Impeachment?

As we all know, Trump was impeached twice. Now his political enemies are using lawfare against him in order to derail any chances of him winning the 2024 election. Around 75 million Americans voted for Trump in 2020 (potentially more, depending on the level of election fraud). With those kinds of numbers, it’s easy to…

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Paper Tiger

The story of China’s explosive growth from 1978 to 2008 is well-known. China’s GDP surged from less than $150 billion in 1978 to over $3 trillion by 2008. China’s average annual growth rate exceeded 10% from 1978 to 2005. During this period, over 600 million people escaped poverty to obtain at least a stable if…

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The Dream Is Dead

The global desire to move away from the dollar as a medium of exchange for international trade in goods and services has gone from a discussion point to a novelty to a looming reality in a remarkably short period of time. It’s impossible to check headlines without seeing a new story about major trading partners…

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Where’s the Recession?

No sooner had the BRICS Summit in South Africa ended on Aug. 24 that Federal Reserve Chair Jay Powell took the podium at the Fed’s annual retreat in Jackson Hole, Wyoming, on Aug. 25. What did Powell say, and what are the implications for investors and global markets? Let’s review… Subject to the usual qualifiers…

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