Public Finance U

Do you trust these markets? There are so many signs that the headline market gains are not aligned with underlying fundamentals that it’s causing more people to answer “no” to that question.

Employment growth is very weak and there are plenty of worrying signs in both these numbers and housing. Yet the past nine-weeks have seen an absolutely monster of a stock market rally accompanied by a record-setting volatility crush (-63%!). Are central banks directly intervening to set market prices?

How manipulated are our “markets?” What will the Big Beautiful Bill bring to our future? How should we think about A.I.’s demands on energy and the possibility of breaking current encryption? Tune in to find out…

There’s a crisis afoot in the global long-bond markets. Japan’s is melting down, while the rest are under pressure. Adding fuel to the fire, the Trump administration threw in the towel on controlling US fiscal deficits and now says the plan is to instead “grow the economy.” Translation: More money printing and inflation, dead-ahead.

Sound money is the cornerstone of economic prosperity. We don’t have sound money, and the Fed has operated like a monetary vandal authoring the widest wealth gap in US history and the worst generational inequalities. But still we have to make our investment decisions…

Has the Fed begun a program of stealth QE? Also, we discuss peak oil, CBDC opposition, economic inequality, and the need for a nuclear energy renaissance. Tune in!