John T. Reed’s news blog

https://www.cbo.gov/publication/56598I have been saying we are going to get hyperinflation since 2010 when my first edition of How to Protect Your Life Savings from Hyperinflation & Depression came out. The Figure 1 graph below shows the main evidence. Note that it is a product of the Congressional Budget Office—not the Milton Friedman fan club..A graph of the Fed balance sheet looks even worse and it is more to the point..I have said that politicians blame inflation on Wal-Mart and Exxon and Bernie and Pocahontas have already have done exactly that. Now Biden is blaming Putin’s invasion of Ukraine..1. It real does...

Investopedia says, An accredited investor is an individual or a business entity that is allowed to trade securities that are not be registered with financial authorities. They are entitled to this access by satisfying at least one requirement regarding their • income • net worth • asset size • governance status • professional experience. In the U.S., the term accredited investor is used by the Securities and Exchange Commission (SEC) under Regulation D to refer to investors who are financially sophisticated and have a reduced need for the protection provided by regulatory disclosure filings. VerifyInvestor.com says, Even though the primary residence presents a significant boost to...

The Wall Street Journal today reports that “housing wealth flowed to the affluent in the last decade.” That is supposed to be news..Housing wealth flowing is a strange way to describe home prices rising. They generally rise every year, That is not news. And who owns homes? The affluent or the poor. By definition, the affluent own houses. The poor do not because they cannot afford to own a home. The affluent had to be affluent to buy a home. And the normal annual rise in property values makes them more affluent. Duh..The Journal headline implies there are times when...

I spoke to Bjorn Lomborg last night after he gave a talk to the Pacific Research Institute. He is the author of the climate change book False Alarm which I recently finished reading..The book says there is climate change and it is man caused. I am not convinced of man caused. Looks more like normal variations that caused such things as ice ages and thawing out before humans existed..He says the optimal thing for humans to do is to takes some modest steps to lower the likely temperature increase from about 7.5% to about 6.5% or something like that. .He...

Given its population, Russia is a relatively poor country on a per capita basis. .The large explosions happening more or less constantly in Ukraine are quite expensive. In Vietnam, I was a platoon leader in a mixed heavy artillery battalion (self-propelled 8-inch and 175mm cannons http://www.quanloi.org/OtherBatteries/Charlie%20Battery/BillPoseyPhotos/Gallery%202/BIllPoseyVNPhotoGallery2Page.htm) for a while. Every round they fired costs a bunch. Around $1,000 each nowadays. The most expensive US artillery shell the Excalibur, costs $140,000 each. The self-propelled cannons cost about $1,000,000 each and I am guessing they need lots of maintenance because the violence of what they do every time they fire has to wear...