KALTBAUM SOUNDING OFF ON NO KING’S DAY AND POWELL AT IT AGAIN

BY GARY KALTBAUM- OCTOBER 16, 2025

But first, we are hearing there is something called NO KING’S DAY. Are they talking about the king who opened the border and we mean wide open? Are they talking about the king who told us numerous times the border was secure? Are they talking about the king that forgave loans to people who signed contracts for those loans? Are they talking about the king who came out with something called the Inflation Reduction Act and then admitted it does nothing to take down inflation? Are they talking about the king who on purpose, increased the size of government and debt by record amounts with that act? Are they talking about the king that out the door, handed massive amounts of our tax payer dollars to friends, donors and the favored who opened NGOs for “climate?” Are they talking about the king who pardoned his family? Oh that king!

And:

We are not sure this is being talked about enough. We think it of import.

Jay Powell, pretty much, for now, said good bye to QT …quantitative tightening where he was letting his maniacal amount of money printing run off. This potentially and probably means when the bonds he bought mature, he will take that fake, conjured up money and go back and buy into the bond market. Just the perception gives the bond market more fire power and more importantly, can take bond yields lower. In fact, since the announcement, bond yields have gone lower taking the 10 year yield down near 4%.

Do you know what markets usually do when the fed is buying the bond market with fake, conjured up money? This man is going even more easy with markets at highs, gold soaring and the economy showing 3%+ GDP. And away we go?