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1. This is what the all-time great investor, Jeremy Grantham, has to say about today's markets: "The long, long bull market since 2009 has finally matured into a fully-fledged epic bubble. Featuring extreme overvaluation, explosive price increases, frenzied behavior, I believe this event will be recorded as one of the great bubbles of financial [...]

1. The U.S. government spent a RECORD $886,587,000,000 in the first two months of fiscal 2021 (begins Oct. 1st). During the same period, the U.S. government ran a deficit of $429,337,000,000 which represents the second highest deficit the government has run in the first two months of a fiscal year. Modern Monetary Theory is [...]

1. MLB will destroy minor league baseball. MLB will change the most of the system. And it's all based on money. MLB revenue understandably plummeted during covid, but revenue and interest have declined for years. The game of baseball has lost America's youth. The game is too long and too slow. The ball doesn’t [...]

1. Central banks around the globe have managed to make one disaster after another since 2000, and yet for some reason the confidence in their ability to steer us through any economic outcome is resolute. I mean, in other words, it won't be shaken. 2. The World Series ended with a thud. Tampa manager Kevin [...]

1. Peloton: $33 billion market cap $1.83 billion revenue $12 million EBITDA Sells stationary bike with iPad taped to frame Dorel Industries: $326 million market cap $2.64 billion in revenue $125 million EBITDA Sells actual bikes This is "your" stock market. It all comes down to stock sponsorship and a good story. As we learned [...]

1. Our benevolent friends at The Fed has purchased over $ 1 trillion of mortgage securities in 6 months. So at that pace, they will own 100% of the market In a year. This is not normal folks. And it's not a good thing. Markets need to be priced openly and based upon free markets. [...]

1. As a 50+ year Met fan, I'm finally feeling lucky. Met fans everywhere are rejoicing over a new owner that has deep pockets. Yes, he's a Wall Street crook, and he's our crook who will spend for a winner. We are no longer a small market team from Flushing. Yes, the air is sweeter, [...]

1. I think a lot of people may have freaked out too much about Warren Buffet's $500 million purchase of gold miner Barrick as a telling item. However, the combo of energy pipelines, the dabbling in Barrick, and broad purchases into commodity investing/trading firms, translates into a $15+ billion hard assets over the past few [...]

1. The Federal Reserve’s Thomas Barkin: The U.S. is still in an economic downturn of historic proportions. I’m no Fed fan, but take heed my friends. Last time, I mentioned Ray Dalio, an elite all-time hedge fund manager, saying he expects the worst kind of economic depression. This is the craziest time of our financial [...]

1. We have annuity producers that consistently get checks from their same clients for fixed annuity deposits. Interest rates matter of course, but the value of "walling" your nest egg off from visible bank accounts shouldn’t be overlooked. The money accrues safely at a competitive interest rate and your monthly bank statements show no sign [...]