How Will Stocks Fare Under Biden?

If you think U.S. stocks can do well under Biden as they did well under Obama, think again. When Obama took office stocks were ending a decade long bear market, with the NASDAQ down 70 percent. It's since soared 7-fold. The economy is far worse now and the Federal Reserve can't blow another bubble.

The Role Of A Central Bank

We don't want a Central Bank that helps the Federal Government go deeper into debt. We want a central bank that forces Congress to cut spending or suffer the adverse consequences of rising interest rates and recession if it fails to do so.

An easy way to tell how bad a job Powell is doing as Fed Chair is that every member of Congress is praises him and thanking him for his help. We need a Fed Chair with the courage to do what's right for the country even if it's unpopular with Congress and the public at the time.

Bitcoin, Gold and Inflation

While Goldman Sachs is correct to warn its clients to avoid Bitcoin, its assessment of the U.S. economy, the U.S. Dollar and inflation is wrong. But once they finally figure out what should already be obvious, they will advise their clients to buy gold, just at much higher prices.