Mike Savage
Articles by Mike Savage
Here we are, Nearing the end of another year. It seems like they are passing with higher frequency than I remember in the past. I guess that can be attributed to age. It also seems that things are getting stranger and stranger. I believe...
It has been no secret that Russia and China have been preparing for a post-US dollar dominated world for some time now. They have been doing this by setting up their own version of the SWIFT system which is what allows all participants...
Thanksgiving NoteAs Warren Buffett points out- Price is what you pay, Value is what you get.Of course, he is talking about investments. As I have written many times the influence on the markets by the central banks have destroyed virtually...
So, the Fed “tapered”. Or did they? It appears that the “markets” doesn’t seem to be buying it one bit.If there was actually a threat of lower liquidity going forward the “markets” would have likely reacted by moving violently lower....
Every fraud has its own demise built in. I have written this many times in the past, but I believe now that we are seeing a few examples of what I am talking about.The ponzi scheme that is the Chinese Wealth Management Product is blowing...
What could possibly go wrong?We have surging energy costs that are crippling both industry and families in Europe and Asia. Companies are closing because of the excessive cost of natural gas. This is leading to far less products being...
It just gets more ridiculous every time we turn around. I just saw that Wells Fargo is going to shut down all existing personal lines of credit (CNBC). Back in 2020 they stopped issuing new lines of credit which, in itself, really makes no...
This week was Fed meeting week. Since the Fed IS the “market” these days the “markets” hang on every word they say. Since the Fed inferred that they may raise rates in 2023 the “markets” showed their displeasure by falling. Of course, when...
As we are nearing the holidays it appears it could be a tumultuous time for many as we are seeing increases of first-time unemployment claims week after week. The reinstituting of lockdowns is certainly not making life any better for...
Many times I have written that if you say something enough- whether it be true or not- many consider it to be a fact. Just today I had a client in and he, along with many others, made the comment that “the market is doing great.”
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