https://www.nytimes.com/2026/01/30/us/howard-lutnick-epstein-island.html
Commerce Secretary Howard Lutnick Planned Trip to Epstein’s Island
Saturday, January 31, 2026
Despite his denials, phony baloney plastic banana Elon Musk was very friendly with Jeffrey Epstein in 2012 and 2013
https://www.thedailybeast.com/exposed-musk-now-insists-epstein-files-dont-matter/
Exposed Musk Now Insists Epstein Files Don’t Matter:
Friday, January 30, 2026
Core producer price inflation in 2025 under Trump was actually higher than under Biden in either 2024 or 2023
2025: 3.26%
2024: 2.86%
2023: 2.89%
Way to go, Brownie!
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| 2025 |
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| 2H2025 |
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| December 2025 |
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| You talkin' to me? |
Gold bug Peter Schiff's problem is that gold represented at best only about 18% of the value of total global international reserves, and that was yesterday before gold started this price plunge
"The dollar is going to collapse", he said.
"The dollar is going to be replaced by gold", he said.
Central banks "are getting rid of dollars", he said.
"They're getting rid of treasuries", he said.
None of that is true.
The nominal broad dollar index remains relatively strong.
Even foreign official ownership of treasuries is up slightly year over year, shifting slightly from long dated securities to short, while total foreign ownership is up solidly.
Meanwhile fiat currencies represented about 78% of the value of total global international reserves yesterday. The U.S. Dollar alone represented about 55% of the value, followed by the Euro close to 20%.
Gold is not going to replace the dollar.
But Peter will be happy to sell you some, especially today lol.
The wealth inequality of today's K-shaped economy goes back to the Reagan Revolution
They take vacations and buy luxury goods. You struggle to pay for food, shelter, and transportation.
K is not OK.
... A key measure of wealth concentration called the Gini coefficient sits at 60-year highs, according to a report from U.S. Bank published earlier this month. ... The net worth of America’s top 1% hit a record share of nearly 32% in the third quarter of 2025, the Federal Reserve reported. By comparison, the bottom 50% cumulatively held 2.5% of overall net wealth.
The portion of U.S. GDP heading to workers in the form of compensation tumbled to its lowest level in its more than 75-year history, per data tracked by the Bureau of Labor Statistics. That means the average nonfarm business worker is seeing an increasingly small slice of an economy that has largely boomed over the last 15 years. ...
Total relative “outlays” — a broad measure of spending and nonmortgage payments — by U.S. consumers in the top 20% hit multidecade highs last year, a data analysis conducted by Moody’s Analytics found. The other 80% tumbled to new lows, the data shows. ...
While the “K-shape” term became popularized as an explanation for the uneven economic recovery seen during the pandemic, economists say the origins of this breakaway can be traced back decades earlier.
This type of diverging economy stems from the economic reorganization seen during the Reagan administration, according to Joe Brusuelas, chief economist at tax firm RSM. About two decades later, the structural break that created the K-shaped economy, as it’s now understood, was more clearly observed in the wake of the Global Financial Crisis of the late 2000s, he said.
That was in part due to the loss of wealth tied to the historic housing market crash, Brusuelas said. On top of that, he said the jump in joblessness limited earnings potential for those without steady employment in their prime working years.
The Great Recession “created the conditions for the winner-take-all economy that emerged in its aftermath,” said Brusuelas, who first heard the K-shape term around 2008. “If you live, work and inhabit certain portions of the economy, you might as well live on the dark side of the moon compared to what goes on down-market.” ...
To make meaningful inroads, the U.S. would instead need to focus on tax reform and expanding social safety nets, according to RSM’s Brusuelas. ...
Gold and silver plunge after Trump picks more pragmatic Kevin Warsh to head the Fed over dove Kevin Hassett
Gold and Silver tumble as Trump’s Fed Chair pick Warsh seen as preserving central bank independence
... Claudio Wewel, FX strategist at J. Safra Sarasin Sustainable Asset Management, told CNBC’s “Squawk Box Europe” on Friday that a “perfect storm” of geopolitical tensions had helped precious metals move higher this year, pointing to the U.S. capture of Venezuelan President Nicolas Maduro and Washington’s threats to use military force in Greenland and Iran.
More recently, he said, speculation over who would be nominated as the next Fed chair had been influencing metal markets.
“The market has clearly been pricing the risk of a much more dovish contender, that’s been largely helping the gold price along with other precious metal prices. Over the last 24 hours, the news flow has changed a little bit,” Wewel said, prior to Trump’s announcement. ...
Thursday, January 29, 2026
The U.S. trade balance has worsened after one year of Trump tariffs lol
... On a year-over-year basis, the deficit through November stood at
$839.5 billion, or about 4% higher than the same period in 2024.
The increase in the deficit counters Trump’s efforts to use tariffs to reduce imbalances around the globe. When announcing so-called reciprocal tariffs in April 2025, the White House used the level of trade deficits with varying countries as a baseline for determining the duties. ...
Wednesday, January 28, 2026
Fed Chairman Jerome Powell says economic activity has been solid lol
10-year Treasury yield rises after Fed keeps rates steady, notes ‘solid’ economy
... “Available indicators suggest that economic activity has been expanding at a solid pace. Job gains have remained low, and the unemployment rate has shown some signs of stabilization,” the post-meeting statement said. “Inflation remains somewhat elevated.” ...
“I think, and many of my colleagues think, it’s hard to look at the incoming data and say the policy is significantly restrictive at this time,” Fed Chair Jerome Powell said in a press conference. ...
The economy should be three times the size it is, $90.4 trillion in GDP instead of $31.1 trillion.
Border Czar Tom Homan is so full of shit
Tom Homan’s Bid for Minnesota Reset Begins With Series of Demands
MINNEAPOLIS—Tom Homan, the White House border czar, arrived here with a series of demands for Minnesota’s Democratic leaders. Topping the list: an agreement from them to turn over more immigrants from the state’s prisons and jails, people familiar with the matter said. ... Walz has said the premise of the demand is false. “They’re taking credit for people that we’ve had in jail for a long time,” he told reporters Sunday. “We always hand them over.”
Oh, so that's why Border Patrol was in front of Glam Doll Donuts on Saturday. They were just looking for inmates.
Tuesday, January 27, 2026
The dollar is crashing is the stuff of hysteria
They do not remember 2008.
And they use an index, .dxy, which many now consider obsolete.
The dollar is strong.
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