Jamie Dimon walked into the Wall Street Journal and said what most establishment figures are too cowardly to say out loud about American decline. I’ve been saying the same things on this program for years, and people called me negative. Maybe now they’ll listen.
The same party that handed you 5% average annual inflation, $1 million per unit affordable housing, and 33-cent electricity in California now wants your vote on affordability. I have the receipts.
A generation is going broke trying to look rich online, and the financial industry is more than happy to hand them the credit card to do it. I have been sounding this alarm since 2004, and it has never been more relevant.
Listeners keep emailing me telling me I have to vote Republican or the world ends. But nobody wants to talk about the financial criminals who got pardoned while senior citizens lost everything. I am done with this game.
Wall Street’s ‘base case’ S&P forecasts are not analysis. They are a confidence game designed to keep you glued to CNBC and calling your broker. I’ve been watching this racket my entire career and it never changes.
NVIDIA just announced the biggest stock buyback in history and everybody is celebrating. Meanwhile, the real story hiding underneath all this AI euphoria is that these companies are quietly engineering their products to make sure you are the one holding the bag when things go sideways.
I’ve been on the air 26 years, and I’m done holding back. The most important lessons I’ve learned have nothing to do with markets. They come from a man who reached 30 million people a week with nothing but a chalkboard and 60 years of unbroken discipline.
For 26 years I have been telling you the government inflation numbers are not real, and for 26 years the establishment laughed. Nobody is laughing now as the 10-year Treasury blows past 5% and your grocery bill tells you everything the CPI report will not.
There are two kinds of zombie companies rotting away inside American portfolios right now, and Wall Street has been happily selling both of them for years. I am going to break down exactly how these corporate corpses get built, how they stay standing, and why rising rates are finally about to expose them.
Social Security is already staring down a 25% benefit cut and Congress just introduced a bill that would empty the tank even faster. Welcome to Washington, where the solution to a sinking ship is to cut more holes in the hull.