I was in Florence this morning at the Uffizi Gallery, staring at centuries of art built on genuine belief and genuine inspiration. Then I came home to read Peggy Noonan warning that socialism is becoming the new religion for a generation that abandoned faith. She’s onto something, and the financial implications should terrify anyone with a retirement account.
They pre-interview guests, script the arguments, and never keep score on who was right or wrong. I refused to play along, and they called me a wild card.
Wall Street found a clever little loophole called the Special Purpose Vehicle, dressed it up with names like SpaceX and Impossible Foods, and sold it to people who couldn’t afford to lose. Predictably, some of those people are now staring at empty portals and missing money.
The political class has decided that capitalism is the villain, and both the left and the right are now singing from the same broken hymnal. Meanwhile, the actual problem, crony capitalism and rigged systems, goes unaddressed.
The market rips higher and suddenly everyone’s a genius. Wall Street is already sending you the invitations to pile in. Here is why that playbook almost always ends badly for regular investors.
Wall Street has a private nickname for wealthy investors with bad judgment. They call them muppets. And for decades, Saudi Arabia has been the biggest muppet of them all, while the banks laugh all the way to their bonuses.
An actor wrote an op-ed and ended a sitting president’s re-election campaign, and the media treated it like normal political news. I have been covering Wall Street and Washington long enough to know when something is deeply broken, and this is it.
The Commerce Department just quietly committed $874 million in federal money to semiconductor companies in exchange for minority stakes. This is not a free market. This is the government playing venture capitalist with your money, and you are not invited to the upside.
A 24-year-old former OpenAI researcher ran a hedge fund that was never actually hedging anything, and investors who chased the flashy returns are now holding the bag. I have been warning about this exact playbook for over 26 years and the script never changes.
I’ve been reading the Fauci diary, and what’s in it isn’t a surprise to me. What is infuriating is that the people who should have been asking these questions years ago were too busy making him a celebrity to do their jobs. Here’s what the record actually shows.
