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The Freeport Navigator

The Freeport Navigator

A Perversion of Finance

Negative or zero interest rates are effectively a tax placed on citizens by unelected central bank technocrats. That’s interesting because I seem to remember learning about a war being fought against “taxation without representation,” but then, that was about 250 years ago and on the other side of the Pacific Ocean from Japan.

So what does Japan’s Central Bank move to raise rates to zero for the first time in 17 years mean for us?

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The Fed Is About to Drop a Bomb on Us

The so-called masters of the universe have been expecting the Federal Reserve to aggressively cut rates in 2024, building just about their entire bullish case around it. Yet they’ve also been consistently wrong all year. What if they’re STILL wrong now?

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Is Gold’s All-Time High a Good Place to Buy?

Gold has seen a significant rise in price recently. But the reality is that retail investors have predominantly sellers of this metal. So why is the price going up? And is it too late to invest in gold now that it’s above $2,100 per ounce? Let’s see…

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DEI Just Murdered Another Good Business

Yesterday was not a good day for iconic lingerie maker Victoria’s Secret & Co. (VSCO). Sales were down 6% last quarter, worse than Wall Street expected, and the shares finished the trading session down close to 30%. It was the single worst market day in the company’s standalone publicly traded history. But why?