by Karl Denninger
Market-Ticker.org
Deflation is bad, mkay, even if you can’t afford anything right now you just have to suck it up.
Who wrote this piece? Good question — all we have is who contributed to it from AP’s Auto Desk (in Detroit, of course) home of the place where they have tarted up pickup trucks to the point that they likely have $40,000 gross margins on that $90,000 truck.
Of course there is no option to buy the $30,000 version anymore without all the gizmos because “nobody wants it” they say. The truth is that plenty of people would want it if you didn’t have inexpensive financing. Oh wait, that seems to be gone now due to the lack of uneconomic interest rates that were all the rage for 10 years in the post-crash era after 2008.
Hmmm….. what was the problem again?
Robert F. Kennedy Jr., a former Democrat turned independent running for president in 2024 as a third party candidate, said the argument can be made President Joe Biden is a “much worse threat to democracy” than former President Donald Trump.
Gold futures have just broken above the $2,300 level and silver is now $26.30, but you haven’t seen anything yet.
In the post-pandemic period of Covid, there’s now a concerted effort to comprehend and explain the damage that was caused by our capitulating to the hysterical overreaction and overreach of the ‘experts.’ There’s a long list of policy failures to examine; mask mandates were a disaster that accomplished absolute nothing of value, but instead led to tremendous harms, many of which continue today.
Use of coal in power generation fades. Cheap US natural gas has been hard to beat for 15 years.
Gold has broken out from a super bullish cup and handle pattern. This breakout is historically significant as it has tremendously bullish implications over the next decade.
In these days of rampant inflation, it’s imperative that we return to the gold standard—and the real thing too. By this I mean the classical gold standard, not the so-called “gold exchange” standard, and with no fractional reserve banking, just as the great Murray Rothbard wanted. In what follows, I’ll discuss some of the economic issues below, but it’s important to realize that it’s a moral issue as well.
Laken Riley’s death by an illegal alien was entirely preventable. Absolutely nothing was done to prevent another similar situation from happening again, and now young women are being murdered by migrants all across America. The left has been suppressing these stories, but these women deserve justice.
Former President Donald Trump posted a $175 million bond on Monday to prevent New York from seizing assets like Trump Tower as he appeals the recent civil fraud case that ruled he cheated business partners to increase his company’s profits.
In this week’s The Reason Roundtable, editors Matt Welch, Katherine Mangu-Ward, Nick Gillespie, and Peter Suderman discuss Donald Trump’s horrible tariff proposal, reactions to the Francis Scott Key Bridge collapse in Baltimore, and the late Joe Lieberman.
