May 3, 2021 | The Feds’ Daring Investments
Bill Bonner Is an American author of books and articles on economic and financial subjects. He is the founder and president of Agora Publishing, and author of the daily financial column, Diary of a Rogue Economist.
YOUGHAL, IRELAND – Last week, Charles de Vaulx, a famous value investor, was apparently so depressed by the bad performance of his fund that he jumped from the 10th floor of his office building.
The New York Post:
Shortly before 1 p.m. Monday, Charles de Vaulx entered the posh Midtown tower at 717 Fifth Ave. that had long housed the offices of International Value Advisers [IVA], an investment firm founded 14 years ago, according to police.
YOUGHAL, IRELAND – What a jolly time. A boo… boo… ka-boom!
JPMorgan Chase CEO and chairman Jamie Dimon sees it coming:
I have little doubt that with excess savings, new stimulus savings, huge deficit spending, more QE, a new potential infrastructure bill, a successful vaccine, and euphoria around the end of the pandemic, the U.S. economy will likely boom. This boom could easily run into 2023 because all the spending could extend well into 2023.
Yes… all that stimmy money… all that fake, new cash and credit… so many boondoggles… so many Madoffs… so little time.
So many new “investments”… and with no sure money, no way to know what they are worth.
YOUGHAL, IRELAND – When the money goes, everything goes. Today, we look at what went last week.
Yes, Dear Reader, at this late, degenerate stage of the Bubble Epoch, nothing is so crazy… so absurd… or so appalling that it isn’t front-page news.
And from Capitol Hill last week came the usual pernicious headlines.
First, the Democrats say they want to pack the Supreme Court, to make it easier for them to do any fool thing they want.
Second, they want to pave the way for giving reparations to people whose families suffer – allegedly – from a wrong done to their ancestors 170 years ago.