Independent thinking for complex markets and current events
Just about the only thing that economists on the left and the right agree on is tariffs. Nobody likes them, but why? Brandon Smith of alt-market.com explains how tariffs make nations less dependent on one another, and how they undermine the socialist goals of globalism… By Brandon Smith Ever since the days of Herbert Hoover and …
By Brandon Smith It’s been a wild ride. After years of near total leftist control of every significant social and governmental institution in the US and abroad the American people have said enough is enough. The progressives have once again been slapped with the ultimate lesson of our era – Get Woke, Go Broke. This …
by Chris Black American business can’t or won’t pay what the price of labor is actually worth. https://www.nytimes.com/2023/10/01/magazine/economy-illegal-immigration.html
Authored by Charles Hugh Smith via OfTwoMinds blog, Should stock valuations track this same decline in profits, it’s entirely reasonable to expect the stock market to lose 2/3 of its valuation premium. All Six of the reasons corporate profits will decline by half are common sense: 1. Reversion to the mean: profits that are double the …