A few days ago, Donald Trump told the Americans that “if we lost the dollar as the world currency…that would be the equivalent of losing

Last week, I wrote: “The bulls definitely had the upper hand as the trade war waned and hard economics showed the economy held up: the

Last week, I wrote: “Contrary to Goldman Sachs, which gave a 45% chance of a recession in the next 12 months, while JPMorgan and Polymarket.com

Last week, I wrote: “The economic outlook and its residual effect on corporate earnings will be a function of what this Administration will do about

Last week, I listed 10 factors that the bulls saw that explained why POTUS blinked and pivoted. I wrote: “I’m not in the know, and

Last week, I wrote: ‘The U.S. does not have a divine right to success: this fact has put in question America’s long standing role as

Last week, I wrote: “Trump said that he was not looking at the market, while Powell said that he was not about to offer imminent

Last week, I wrote: “A reader reminded me that in 1912, J.P. Morgan said: ‘Gold is money, everything else is credit.’ This is a good

Last week, I wrote: “The bottom line is that there is only one way for the U.S. to bring its balance of payments into normal

Last week, I wrote that: “Trade wars and the end of U.S. exceptionalism crashed global growth expectations and hopes for lower inflation. Indeed, the OECD

Last week, I wrote that: “A shift in sentiment from euphoria to recession fears within a month has priced the idea of a “hard landing”

Last week, I ended my note to readers saying: “With almost every company reporting, earnings for the S&P 500 in Q4/25 have risen by a