Even The Eternal Optimists Now See A Global Recession

Major multilateral financial institutions and central banks have the worst forecasting track records in the financial world. The Federal Reserve, ECB, and the IMF are among the worst, but other government-backed institutions aren’t much better. There are reasons for this. Governments will never admit a recession is coming even when it’s staring them in the…

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A New Church Committee? Not Exactly, But Close Enough.

One of the most famous Congressional committee investigations in history was conducted over the course of 1975-1976 under the chairmanship of Senator Frank Church (D-ID). It was formally called the Select Committee to Study Governmental Operations with Respect to Intelligence Activities. But it was known informally as the Church Committee. It was genuinely bipartisan (something…

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The Counterrevolution Has Begun!

The past two years have been hard for Americans who believe in traditional values. If you consider George Washington to be a great military leader and president, there’s someone ready to accuse him of white privilege. If you consider Teddy Roosevelt a model president, builder of the Panama Canal, and founder of the National Park…

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Stupid Science Brings Forth Stupid Inventions

We’ve written frequently about the false science of climate change and the extreme climate alarmism embraced by global elites and their flunky pseudo-scientist collaborators. For the record, let’s look at some of the lies and misrepresentations used by the climate alarmists. The planet did undergo a mild warming spell from 1985 to 1999 (not unusual)…

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The Real Face Of Chinese-Style “Capitalism” Is Revealed

Since the mid-1990s, liberals and many free-market conservatives have maintained the view that China’s human rights abuses should be ignored because the Chinese economy was evolving in the direction of U.S.-style capitalism. The view was that the Chinese just “needed time” to catch up, but sooner than later they would be “just like us.” This…

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China Reopening: Much Less Than Meets The Eye.

The China reopening story is the most powerful market narrative going on today. At least for now, it’s more powerful than any Fed analysis, the prospect of a recession, and even lower energy prices in terms of what’s driving investor behavior. Of course, the key word is “narrative.” It’s a powerful story but that does…

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