by Michael Wilkerson | Aug 21, 2026 | Artificial Intelligence, Banks, Blog Articles, Economy, Energy, Finance, Inflation, Markets, Trade, USA
The current AI-related bubble in financial assets increasingly echoes warning signs from the global financial crisis (GFC), precipitated by excesses in residential housing, and the spectacular collapse of Enron, “the world’s leading energy company,” whose executives...
by Michael Wilkerson | Aug 3, 2026 | Artificial Intelligence, Banks, Blog Articles, Economy, Finance, Geopolitics, Inflation, Iran, Japan, Markets, Technology, USA, War
I’m on vacation. I decided to check the credit markets as a reprieve on a scorching hot Sunday afternoon when Outside was no longer an option. Here is what I observe: Liquidity: On Friday, the BIS (Bank for Internation Settlements, the global bank for banks) published...
by Michael Wilkerson | Jul 7, 2026 | Blog Articles, Covid-19, Economy, Finance, Inflation, Markets, USA
Few things symbolize the post-war American way of life better than the automobile and the freedom of the open road. And few things are better indicators of the financial health of the American household and economy as a whole than the industries which produce, sell...
by Michael Wilkerson | Jun 22, 2026 | Blog Articles, Finance, Markets, Technology, Trade, USA
SpaceX’s initial public offering stands as one of the most significant financial events in recent memory. Priced at $135 per share, the company raised a record sum of $86 billion in cash, channeling fresh capital directly into operations rather than providing...
by Michael Wilkerson | May 21, 2026 | Blog Articles, China, Economy, Finance, Geopolitics, Inflation, Iran, Israel, Markets, Oil, Russia, Trump Administration, USA, War
What the U.S.-Iraq Wars Can Teach us The U.S.-led Gulf War (1991) saw Iraq’s large but unsophisticated military decimated, its vast infrastructure obliterated, and its formal leadership structures shattered, all within a few weeks of initial combat. U.S. President...
by Michael Wilkerson | May 18, 2026 | Banks, Blog Articles, Economy, Energy, Finance, Geopolitics, Inflation, Iran, Markets, Oil, Politics, Trump Administration, USA, War
If the economy were represented by a dashboard, the warning lights have been switching on one by one over the past month. Each week brings not an alarm announcing an emergency, but discrete indicators quietly turning from green or yellow to red across multiple areas...
by Michael Wilkerson | May 4, 2026 | Biden Administration, Blog Articles, Economy, Finance, Markets, New York, Politics, USA
The Biden Administration’s regulatory overreach—political performance theatre led by Senator Elizabeth Warren and enforced by the Department of Justice—neither protected consumers nor ensured fair competition. It weakened the discount airline industry, cost American...
by Michael Wilkerson | Mar 31, 2026 | Blog Articles, China, Economy, Energy, Inflation, Iran, Markets, Oil, Trump Administration, USA, War
Prices for retail diesel and gas have each risen by over one-third ($1.30+ and $1.00 per gallon, respectively) since the launch of Epic Fury. Americans learned in the 1970s that Middle East conflict means energy pain, and that lesson has been reinforced through every...
by Michael Wilkerson | Mar 28, 2026 | Blog Articles, China, Economy, Energy, Finance, Geopolitics, Inflation, Iran, Markets, Oil, Qatar, Russia, Trade, Trump Administration, Ukraine, USA, War
And How the United States and Russia May Benefit The global natural gas market is now in disarray, and this negatively affects everything in the modern economy … from agriculture to transportation to semiconductor manufacturing and beyond. The market did not just...
by Michael Wilkerson | Feb 4, 2026 | Banks, Bitcoin, Blog Articles, Crypto, Economy, Finance, Geopolitics, Gold, Historical, Markets, Monetary System, Trade, Trump Administration, USA, Venezuela
Investors have been rightly impressed by gold’s remarkable run, which in dollar terms has doubled in price over the past year. This performance vastly outpaces the stock markets (which are also sitting at all-time highs) and Bitcoin (trading sideways for months), the...
by Michael Wilkerson | Jan 7, 2026 | Artificial Intelligence, Banks, Bitcoin, Blog Articles, China, Crypto, Economy, Finance, Geopolitics, Gold, Inflation, Iran, Markets, Russia, Tariffs, Technology, Trade, Ukraine, USA, Venezuela
Let me get to the punchline of my view on the financial markets for 2026. The remarkable equity bull run of the past couple of years is unlikely to stall, at least not in the first half of 2026. Corrections are inevitable, and we are indeed likely in an asset bubble....