Apr 30, 2026 | Markets
The Fed is about to get a new Chairman (economist Kevin Warsh), and the markets are naturally wondering if this means big changes in monetary policy. My take is that it obviously means lower interest rates and generally easier money, since that’s what an incoming Fed...
Jul 19, 2025 | Markets
The wait was long, but the payoff is big: Junior miners are finally driving the action in precious metals. KE Report just posted an interview with mining analyst Dave Erfle, who explains why this trend has legs. Here’s an excerpt: Financing Surge, Juniors...
Mar 24, 2025 | Markets
Most of the following charts are from Wolf Street or the Kobeissi letter. Definitely follow those guys. Cratering Condos There’s no way to overstate how crazy US home prices have become. To take just one metric, the median US household income is $79,200, but it takes...
Nov 16, 2024 | Markets
Home prices are at all-time highs, and — amazingly — are still rising. Compare today’s average price to that of 2007, which is generally thought to be the peak of America’s biggest-ever housing bubble: And mortgage rates, which were supposed to fall when the Fed...
Feb 28, 2024 | Markets
Two things are keeping the US economy afloat right now. First is massive deficit spending, as the US dumps about $2 trillion of borrowed money into the banking system each year: Second, the AI “instant bubble,” is sending huge amounts of capital into a handful of tech...
