“In 1981, adding $1 to the national debt was associated with a $3.15 increase in GDP. By 2024, that had fallen to only $0.81. That means government debt now—today—has a negative impact on GDP. Every new dollar of debt literally slows down the economy”…. John Mauldin, Thoughts from the Frontline, June 28, 2025 “Congress is  Continue Reading >

“I don’t have FOMO, (fear of missing out),” says [wary investor]. “I have FOGI: fear of getting in.” … Why This Stock Market Makes So Many of Us Want to Scream, Wall St Journal, May 30, 2025 “Beijing’s agreement to temporarily restore rare-earth licenses was one of the key breakthroughs in the latest round of  Continue Reading >

““Why did the administration fold most of its tariff cards? Because another one-week [0.65%] increase in US long-term interest rates would break the world.” … Tension in the Sandpile, Thoughts from the Frontline by John Mauldin, 5/10/2025 Sorry, I’m a good week later than I wanted to be with this newsletter – I had a  Continue Reading >

“Mr. Trump should give a globally televised address announcing to the world that the U.S is ready to drop its tariffs to zero tomorrow on any nation that does the same” … A Win-Win Exit Strategy, Wall St Journal 4/7/2025 “Interest rates soared [this week] as large pools of capital are selling U.S. assets and  Continue Reading >