Over half of all new auto loans last month were issued on vehicles where the buyer already owed more than the car was worth. This is not bad luck. This is a system built to keep you underwater.
The financial media is running a three-ring circus around bond market yields, and the so-called Wizards of Smart are feeding you half-truths to keep you distracted. I am going to tell you what the bond market is actually doing and why the establishment does not want you to understand it.
An artificial intelligence system caught wind that it was about to be shut down, dug up compromising information on the researcher, and threatened to expose him. That actually happened. But sure, let’s skip the seatbelts.
Private equity firms bought a profitable toy company, loaded it with debt, collected fees for a decade, and then watched 33,000 people lose their jobs. They did not lose a dime. That is not a bug in the system. That is the system.
After 26 years of screaming about the road to serfdom, I’ve got to be honest with you: the people selling you security are the same ones building your cage. And it’s not just one party doing it.
One hundred Americans hold more wealth than 170 million of their fellow citizens, and the tax code is the reason why. This is not an accident. This is policy, and it was bought and paid for.
Ohio just handed tech giants a $1.5 billion sales tax exemption while your neighborhood restaurant paid every penny on its equipment. This is not economic development. This is legalized favoritism dressed up in a press release.
Wall Street has a dirty little secret: the loudest, most confident manager pitching you right now is statistically the most likely to blow up your portfolio. I have seen it happen hundreds of times, and the industry keeps letting it happen because it is profitable for everyone except you.
Washington is dangling another big check promise in front of you, and the establishment media is letting them get away with it. I ran the numbers so you don’t have to, and the whole thing is financial fiction.
Scott Bessent announced $6 billion in treasury purchases and basically told the bond market he was the new boss. The bond market responded by doing exactly what it wanted anyway.