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Is the Fed already “loosening into Inflation?”

Monthly Market Commentary: September 1, 2025

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Is the Fed already “loosening into Inflation?”

Ryan McMaken writes for the Mises Institute (www.Mises.org) the following: The “inflationists also hope that easy money-policy will somehow reverse the current stagnating trend in employment. In recent months, both President Trump and the usual Wall Street outlets have insisted that the Fed reduce the target policy interest rate to ensure that…


Morality is one of the Pre-Conditions for the Functioning of the Capitalistic System

In a brief essay about Moral Decline: The Path to Currency Collapse, Jonathan Wellum, argues that “In the final analysis, it's just central banks printing money, reducing its value and causing inflation as they support dishonest governments that refuse to be fiscally responsible and continually run massive deficits. Such policies flow from the…


What should Investors expect from declining US residential Property & Stock Prices?

Randall W. Forsyth (randall.forsyth@barrons.com) explained in a recent Barrons article that Trump Has a Big, Beautiful Reason to Push for Lower Rates.  According to Forsyth, “The Federal Reserve held its policy interest rate steady this past week and maintained its median projection of two quarter-point rate cuts by year end, exactly as expected. …


The Message from History is obvious: Free Trade causes mutual Prosperity while Protectionism causes Favoritism, Cronyism, and Poverty

My regular readers are familiar with my friend Kevin Duffy who is a brilliant analyst and macro-strategist and who is also the editor of The Coffee Can Portfolio (www.coffeecanportfolio.com), a highly recommended newsletter. He recently sent me an essay entitled, Mercantilism in America: The Trouble with Self-Sufficiency (first published at www.mi…


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