Predictions for 2023

After learning to live with the totally unexpected in 2022,  Luckbox Magazine makes its annual outlier forecasts for another wild ride FINANCIAL MARKETS AND THE ECONOMY Janet Yellen steps down as treasury secretary as inflation remains stubbornly elevated. Concerns arise that the Federal Reserve may need to tolerate 4% to 5% inflation in the coming … Continued

The Epic Saga of FTX and Sam Bankman-Fried

How It Started, How It’s Going… FTX was the world’s second-largest cryptocurrency exchange.   On Nov. 11, FTX – valued at $32 billion – filed for bankruptcy.   It had an $8 billion hole in its balance sheet.  For anyone watching this – its demise was the only thing more shocking than its ascension.   FTX came out … Continued

Modern Monetary Monopoly

The media plays along while the Federal Reserve USES its power to benefit the rich at the expense of average citizens. The Federal Reserve dictates to the markets and the economy at its whim, but not many Americans understand its monetary game. Since 1977, the Fed has had a dual mandate to manage prices (inflation) … Continued

Luckbox Leans in with Christopher Leonard…on the Lords of Easy Money

Here’s how the Federal Reserve tames journalists, underestimates inflationary pressures and creates money out of thin air Investigative reporter Christopher Leonard wrote The Meat Racket and Kochland before turning his attention to the Federal Reserve System in his 2022 book, The Lords of Easy Money: How the Federal Reserve Broke the American Economy. Financial journalist … Continued

The Fed’s High-wire Act

A soft landing for both the economy and the strong dollar seems like a fantasy in these uncertain times. That’s why investors should look back to the 1970s for ideas on how to proceed. Consider the following: Andrew Brigden, chief economist at Fathom Consulting, found that 469 international economic downturns occurred between 1988 and 2020. … Continued

Warning: A College Degree May Be Hazardous to Your Financial Health

Let the buyer beware when the product is a college degree. Even the most prestigious institutions are offering credentials that will never pay for themselves. Gender studies majors: Caveat emptor. Dartmouth College, the No. 13-ranked national university by U.S. News & World Report, announced a seismic shift in tuition in June 2022. The school eliminated … Continued

99 Economic Problems, but a Housing Meltdown Ain’t One

Don’t look for high housing prices to tumble anytime soon. It’s not a bubble. The average price of single-family homes has increased for 40 consecutive quarters, and the Federal Reserve is hiking interest rates to curb inflation. It’s a combination that many fear will lead to a housing crisis. “Another housing bubble?” asks Fortune magazine.“We’re … Continued

Goodbye YOLO Brick Road

Forget meme stocks and overcome the fear of missing out (FOMO). Come back to basics. Here are four time-tested investment strategies. As valuation compression continues for growth stocks in tech and communications, active investors should come back to four “boring” strategies to make real money. Market fundamentals might not matter much on the way up, … Continued

Time to pay attention to Biotech insider buying

Finally, investors should pay close attention to the insider buying activity of CEOs and chief financial officers of biotech companies.  This strategy underperformed during the last three years but had consistently succeeded in the previous two decades. The strategy is simple: Monitor the insider buying activity on SEC Form 4 data, buy the stock upon … Continued

Cathie Wood Check

Cathie Wood’s fascination with disruptive technology generated plenty of attention at the April FTX Salt Crypto Bahamas conference. But the central question raised in the April Luckbox analysis of Wood’s ARK Innovation exchange-traded funds remains unanswered: If executives aren’t buying stock in the companies they run … why is she? (See Garrett Baldwin’s full analysis … Continued