I am here to save America! In recognition of July 4 th , and the reasons behind the struggle for Independence, I have decided to create a new political party, the Deconstructionist Party. Naturally,…
A great struggle is upon us. The ideals of the West are under attack. The unwashed barbarian hordes are at the gate. This army, led by the Prince of Darkness has no other agenda than to tear down and…
My brother Walter, aka Fat Wally is in a tussle with the University of Virginia and its radical Left President, Jim “Lyin” Ryan. Fat Wally really isn’t fat, but just as truth should never get in the…
I left the big city last night to check on the farm. As the sun was about to set over the glistening Rappahannock, I was startled to hear a “whizzing sound.” A giant frisbee appeared out of nowhere.…
You know what burns my biscuits? Math. Don’t get me wrong, math is a wonderful tool to understand quantitative applications. For example, “Rob Smith can throw a football 65 yards on a rope.” We can…
I was lounging in my Malibu beach house and the University of Alabama cheerleaders were dropping grapes in my mouth……, oh wait, that’s a different dream. My bad. In this dream, I was giving a speech…
On my son’s first day of school, the teacher asked the class what their fathers did for a living. My son answered, “My Dad is a dancing chicken.” I was an awesome dancing chicken. I was a serial…
Strategy and Tactics in the Global Trade War Strategy : A plan of action designed to achieve a long term or overall aim. Strategy guides the entire endeavor. Strategy generally won’t change unless…
Well Morgan Stanley sure seems to think so : The benchmark 10-year Treasury note yield has peaked for 2018 as trade worries, weaker emerging markets and a strong dollar cap the prior move upward in…
A week ago, Rex Nutting had an article at MarketWatch entitled, "The only things going up in price are the bare necessities". The article was subtitled, "With wages flat, many workers are running to…
I see the headlines every day and I’m sure you do too: The Bear Market in Bonds Is Just Getting Started – Scott Dorf, Bloomberg Bond Bear Markets Exist (And May Be Right Around The Corner),…
The Trump administration is about to impose its third set of tariffs later this week, this time targeting steel and aluminum. The administration previously imposed tariffs on Canadian soft lumber,…
Where would we be without the shale oil boom? The US economy has, since early in this century, become dangerously dependent on the energy industry. Core capital goods orders are now highly correlated…
Will Faster Growth Mean Lower Stock Returns? That might seem a ridiculous question but it isn't as easy to answer as one might think. A conventional analysis says the recent tax cuts will create…
Gold has been highly correlated with real interest rates in the past. In particular the relationship between the 5 Year TIPS yield and gold has been very tight. This chart shows the 5 Year TIPS yield…
With the emergence of the Graham-Cassidy bill to repeal Obamacare, I've been getting questions about what it means for portfolios. Some have said that the bill is likely to pass and that its passage…
Jessup : You want answers? Kaffee : I think I'm entitled to them. Jessup : You want answers? Kaffee : I want the truth! Jessup : You can't handle the truth! Scene from A Few Good Men , written by…
There was a lot of hoopla last week about the stock market having doubled since the financial crisis low, but if the rally is to continue, it is critical that the political class ends the posturing…
There has been a lot of commentary recently about whether the Fed's latest round of quantitative easing will be effective in raising the growth rate of the US economy and therefore reducing the…
As the new Obama administration prepares to enact the mother of all “stimulus” packages, it seems that some still can’t get straight what caused the current worldwide recession. Outgoing Treasury…
This weekend President Bush will host an economic summit of the G-20 nations. This summit has been compared to the conference at Bretton Woods, NH that convened in 1944 to rebuild the global…
The US government is executing a coup d’etat of capitalism and I fear that we will pay the price for many years to come. Hank Paulson, Ben Bernanke and a host of others tell us the credit market is…
Americans face the most important choice of a generation. Our economy is not performing as we would like. Inflation is too high yet home prices are falling. The credit markets are frozen as banks…
We were somewhere around 14,000 on the Dow when the delusions began to take hold. The economics babe was talking about how she hadn’t had so much fun since ‘99 and the bear visions had diminished to…
The Parkview Letter
Read John Tamny in your inbox
John Tamny’s latest essays on the economy and public policy, delivered by email.