Scott Grannis

I’m inclined to say we have already seen the top in gold prices. The crazy rally just went way too far, unmoored from the inflation and monetary fundamentals. Come to think of it, that’s a good definition of a “crazy rally.” Housing prices, at least in some parts of the country (e.g., California), have also experienced a crazy rally.

M2 update: still looking like inflation will remain low scottgrannis.blogspot.com/2026/04/m2-upd…

Corporate profits have never been so healthy scottgrannis.blogspot.com/2026/04/corpor…

@debraak By "the market" I mean the broad stock and bond markets. The oil market, on the other hand, is obviously quite concerned, as evidenced by oil prices trading over $100/bbl.

@sfgrannis Which market? The oil market is extremely nervous and will affect many more people than the stock market

The market is not very nervous about the Iran situation scottgrannis.blogspot.com/2026/04/the-ma…

🚨WATCH: In a jaw-dropping video that's exploding across social media, U.S. Secretary of State Marco Rubio gives an explanation of why the United States needed to strike the Islamic Republic of Iran. It's barely two minutes long, and it's absolutely unmissable!

Jobs growth remains modest scottgrannis.blogspot.com/2026/04/jobs-g…

M2 update: Ok for now, but the Fed should ease scottgrannis.blogspot.com/2026/03/m2-upd…

The most important thing that Artificial Intelligence does is to increase the productivity of the average worker. Simple example: by using AI a coder can create code much faster than otherwise. Existing code can be debugged by AI in a fraction of the time it would otherwise take.

@sfgrannis You lost me at “AI fueled productivity”

Jobs and War: the Fed needs to ease scottgrannis.blogspot.com/2026/03/jobs-a…

All things considered, the outlook is getting brighter. scottgrannis.blogspot.com/2026/02/all-th…

Slow M2 growth fuels strong economic growth and low inflation. scottgrannis.blogspot.com/2026/01/slow-m…

Gavin Newsom now has 8 separate agencies officially designated as “high risk for waste, fraud, abuse, or mismanagement” in California Roughly $76 billion in fraud, improper payments and mismanagement was discovered by the auditor Let me repeat that, $76 BILLION “Representative Kevin Kiley stood on the House floor and stated what California’s own audit confirms: California is the fraud capital of America. Not hyperbole, not partisan exaggeration, a mathematical certainty derived from the state’s own accounting. The number of agencies designated as high risk for waste, fraud, abuse, or mismanagement has doubled under Newsom’s tenure. Eight separate agencies now carry this designation, meaning they exhibit serious fiscal pathologies and have failed to implement adequate corrective actions despite repeated warnings. - The Employment Development Department that dispensed $32 billion to fraudsters - The Department of Social Services overseeing CalFresh benefits, hemorrhaging billions in improper payments - The Department of Finance that lost track of $24 billion in homelessness funds - The California High-Speed Rail Authority burning through $18 billion with nothing to show but environmental studies and abandoned construction sites. These are not discrete failures, but systemic collapse manifesting across every major function of state government.”

Lots of things are looking up scottgrannis.blogspot.com/2025/12/lots-o…

A brief update on M2 and CPI scottgrannis.blogspot.com/2025/09/a-brie…

Inflation is not a virus, and it's not going up scottgrannis.blogspot.com/2025/09/inflat…

California's Bullet Train Boondoggle scottgrannis.blogspot.com/2025/09/califo…

The appeal of small-cap stocks scottgrannis.blogspot.com/2025/08/the-ap…

Both CPI and GDP are running at an unremarkable 2% rate. scottgrannis.blogspot.com/2025/08/cpi-an…

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