Hope Florida Scandal Bad for Business
It took a “leaked” grand jury report to reveal this scandal. The damage to Florida business will never be tallied. This scandal rivals the Teapot Dome scandal or the Nixon 18½-minute tape scandal, IMO.
Camp Kotok Answers a Challenge, a Fire Saves America, and L-MAGA vs. MAGA
This 25th anniversary year our Camp Kotok group helped the Downeast Lakes Land Trust. The story around this and the broader conservation movement may surprise you.
Quick Take: Proposals to Fund the Social Security Trust Fund, and What We Shouldn’t Do
We address idea of the taking a trillion dollars created out of thin air by the Federal Reserve by repricing the gold certificate on their books and immediately putting it in the Social Security trust fund.
Defense/Aerospace Sector Curve Ball
Trump’s first time ever use of Section 338 tariffs has raised risk to the defense investment sector because of the possible change in the Canadian F-35 future purchase decision.
In a Trade War, the Guns Are Pointed Inward
President Trump’s use of Great-Depression-era Smoot 338 tariffs, the first time ever in US history, has opened a Pandora’s Box that may alter the outcome of the midterms.
How to Survive Wall Street’s Slip into Pokémon Card Economics
A short story dedicated to Stanley F. Druckenmiller in honor of his August 24th WSJ editorial, followed by two essential reads.
The Scott Bessent Trade
Today we examine a possible trade. Consult your adviser for details and decisions. This discussion is not investment advice.
Trump-Carney, Smoot-Hawley
This weekend we witnessed a first-time use of Smoot-Hawley in American history: Trump actually deployed Section 338 of the Depression-era law against Canada. IMO, this is serious.
Gold: Leen’s Lodge Deck Chat
Our pre-dinner deck chat at Leen’s Lodge on Sunday, August 9, focused on gold, USA creditworthiness, and China’s payments system versus the US payment system. Are we looking at a Bretton Woods 2.0?
Fishing for AI at Leen’s Lodge
We’re cooking up some serious AI conversations along with our fish in Maine. One of our panels during the gathering focused on AI. Two experts contributed, and Eric Hale moderated with aplomb and élan. The Q&A and the continuing post-panel conversation were fierce. There is a report on the panel, along with the associated survey; and in it there can be found 16 AI usage recommendations.