I had the great pleasure of spending five days on the incredibly beautiful island of Mallorca, which is part of Spain but south of the mainland. The main purpose for going there was to take tennis lessons over three days at the Rafa Nadal Academy.
“Liquidate labor, liquidate stocks, liquidate farmers, liquidate real estate. It will purge the rottenness out of the system. High costs of living and high living will come down. People will work harder, live a more moral life. Values will be adjusted,
There’s no question now that the Federal Reserve is in full hawkish mode. The release last week of the minutes of the previous FOMC meeting left no doubt that they are on an aggressive path to squelch inflation through demand destruction and tightening financial conditions.
This post is going to fall under the category of fake it until you make it. I am going to pretend like I have some special insights into Russia and its actions vis-à-vis Ukraine because I was a political science major, I took classes in Russian history,
I’m going to get on my soapbox for this post. I was talking to a friend who was picking my brain about banking relationships as he was thinking about switching banks for his business and he wanted to know about the one I use.
A couple of months ago I wrote about the unfolding energy challenges related to the sharp recovery out of Covid and the transition to renewable energy sources. The article talked about coal and how the demand for it has increased significantly while supply has dropped due to Covid and the utter disdain for it as an energy source due to its carbon emissions.
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