Raising Interest Rates Does Not Counter Inflation

Corrections Vs Bears: How The Fed Rewired The Market Authored by Lance Roberts via RealInvestmentAdvice.com, After three decades of watching market cycles play out from both sides of the trade, I’ve come to a simple conclusion: Wall Street’s love of simple rules is one of the most dangerous aspects of investing. When stocks fall 10%, it’s just a “correction.” However, if they decline 20%, it’s a “bear market.” Simple, clean, repeatable, and printed on every financial media graphic from here to Tokyo. The problem is that the definitions of a correction and bear market have not...

Texas Pacific Land Crashes After Largest Shareholder Dies Land-and-royalty company Texas Pacific Land Corp. crashed the most since early Covid after the head of its largest shareholder unexpectedly died.  Bloomberg reports that Murray Stahl, CEO of Horizon Kinetics and a TPL board member, died on Thursday, sending shares spiraling lower by 17% in late-afternoon trading. This marked the largest intraday decline in the stock since early 2020. Stahl was described as a longtime believer in TPL, one of the largest private landowners in Texas, with most of its acreage concentrated in the...

During my most recent appearance on Judge Napolitano’s Judging Freedom on Wednesday I expressed the view that the ongoing ceasefire between Washington and Tehran was a scam designed to support Israeli interests in the region and to give both Tel Aviv and the White House breathing room to prepare for the next major assault on Iran. I based my […]