No Company is Too Small to Fail 

Pending Mortgage Applications Might Not Be What They Seem

About Half the US Population is Jobless

Silent Minority Accumulating Physical Gold

Simple Reason There Will Not Be a V-Shaped Recovery


Fed Especially Likes Automakers and Technology

Reflections on Fed Leverage

Muni Buying - Illinois is Special

Starbucks Bails on Facebook Ads


It Takes a While for Deaths to Show Up in Stats

No Escape for Gold Shorts 

For discussion of gold shorts, please see More Gold Hype: No Escape for Shorts

12 Ideas From 7 People 

  • Danielle DiMartino Booth
  • Jim Bianco
  • Lance Roberts
  • John Hussman
  • Gold Telegraph
  • Lisa Abramowicz
  • Me

Moral Hazard on Steroids

DiMartino Booth get the idea of the day award: No Company is Too Small to Fail. 

In context, she means, No Company is Too Small for the Fed to Bail.

There is no price discovery as a result. Instead, we have moral hazard on steroids.


Tweets and Videos of the Day: Facebook, Cash, Trump, Tesla, FANGs

Here's a collection of interesting Tweets and videos from Twitter.

Top 10 Warmongering Ideas of the Day

The list of warmongering excuses is nearly endless. Here's 10 of them.

Containment Fails: Coronavirus Tweets of the Day

Containment has clearly failed. A global recession is on the way.

Nonsensical Idea of the Day: "Bitcoin is a Ponzi Scheme"

It is absurd to label bitcoin a Ponzi scheme. Yet that is what Jim Rickards says. Ironically, Bitcoin is an anti-Ponzi setup, regardless of what it is used for, regardless of whether or not it's in a bubble.

Small Business Guarantees Are a Bucket of Moral Fraud

The coronavirus Small Business Relief program is a bucket of first come first serve moral fraud.

Nonsensical Idea of the Day: All Whites to Blame for New Zealand Massacre

The nonsensical idea of the day award goes to Rachel Withers who proposes all whites are to blame for a massacre in NZ.