Oh, and by the way, always giving glory to our Lord, Jesus Christ! He comes first. Always.
Isn’t it interesting, though, that “systemic risk” only seems to apply to banks?
You never heard these officials say that baby formula shortages pose systemic risk. Or that inflation itself is a systemic risk. Or that dwindling US oil production is a system risk.
Yet whenever the banks and their somnambulant regulators fail, they call it “systemic risk” and pull out all the stops to save them.
Energy companies, on the other hand, which produce the very thing that all economic activity requires, are tossed out in the cold and demonized at every available opportunity by the President of the United States. It’s bizarre logic.
https://www.zerohedge.com/markets/simon-black-i-love-how-everyone-pretends-bank-crisis-over
Ed McQuarrie talks the REAL History of Stocks and Bond performance.
Heading to Maine early tomorrow morning for some fun in the sun! :)
In the meantime, read this piece by Andrew Biggs.
See you next week!
andrew biggs @biggsag writes...you read. This is not negotiable
https://littleknownfacts.substack.com/p/the-two-charts-any-social-security
We'll review various 25 year time frames under the "harvest your gains retirement plan"
Here's the link! https://vimeo.com/event/6194932
