February 27, 2023 | Is The Copper Story As Good As Everyone Says?
How does “energy transition metal in chronic shortage” sound? Copper is about as old-school as it gets. A metal that was used as low-denomination coinage from the Roman Empire through modern times and as an electrical conductor since the invention of the light bulb, it’s been both in demand and relatively easy to find, basically […]
February 26, 2023 | Will 7% Mortgages Crush Housing?
Between 2020 and 2022 houses in America’s hottest real estate markets went from unaffordable to 50% above unaffordable. Put another way, they did what would have been impossible in an economy where market forces determined interest rates and home prices. But ours was not that kind of market. Central banks around the world had lost […]
February 25, 2023 | People We Should Know: Catherine Austin Fitts
These days we all have our theories about how and why the 1% have become so rabidly predatory (find my recent take here). But the most sophisticated – and scariest – analysis comes from Catherine Austin Fitts. As an Assistant Secretary of Housing and Urban Development (HUD) in the Bush Jr administration, Catherine noticed that huge […]