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Fat Tail Daily

daily.fattail.com.au

Provenance not yet reviewedNon-US perspective · Australia

1 story credited to Fat Tail Daily

1 link on daily.fattail.com.au to an article whose publisher is not identified

Latest story Apr 17, 2026 · on ChamberLight since Apr 2026

Scores for Fat Tail Daily

Credibility

Not enough stories yet: 1 of 10.

How this is measured

Political lean

A non-US outlet. It is not placed on the US left–right scale.

How this is measured

Originality

Not enough stories yet: 1 of 10.

How this is measured

Writing quality not enough rated stories yet: 1 of 10. How it is measured

Scores last checked Sep 25, 2026.

Stories ChamberLight collected, by month

Stories credited to Fat Tail Daily, by publication date. ChamberLight collects articles that mention the officials it tracks, so this shows its own coverage of this source, not how much the source publishes.

  • Stories from Fat Tail Daily
  • Shaded: ChamberLight collected no stories, or almost none, from any outlet (a gap in its collection, not in the outlet’s publishing)
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MonthStoriesAll outlets
April 20261994
May 20260none collected
June 20260none collected
July 20260none collected
August 202601 (collection gap)
September 20260598

Top topics

Share of this source’s stories tagged with each topic. A story can carry several topics, so the shares do not add up to 100%.

  • Budget/Spending1

    100% of 1 stories · 32% across all outlets

  • Defense/Military1

    100% of 1 stories · 25% across all outlets

  • Economy1

    100% of 1 stories · 25% across all outlets

The thin mark on each bar is the topic’s share across all outlets.

Who they cover

Party of the officials these stories are mainly about, across all 1 officials named. A story counts once for each official it is mainly about, so the split is over 1 story–official pair, from 1 story.

  • Republican100% · 1 pair

Most covered

Stories mainly about each official, and their share of the source’s 1 story.

  1. 1Donald TrumpR1 story · 100%

Article tone

ChamberLight’s article analysis assigns each story a tone toward the official it covers. It describes the coverage of that official, not Fat Tail Daily’s stance, and reader votes do not change it. 1 story.

Good Look
0 (0%)
Mixed
0 (0%)
Informational
0 (0%)
Bad Look
1 (100%)

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Articles served from daily.fattail.com.au

2

A runaway inflation reaction

‘You’re way too pessimistic. Too negative. A wet blanket. A Debbie Downer…’ –A long suffering reader Yes…when we smell lilies, we look for the open coffin. But you don’t need us to tell you that everything is fine and that all you have to do is buy an S&P ETF and sit tight. You’ve got the president, Congress, and Wall Street for that. They invite you to enjoy the flowers…and look no further. Our goal is to protect ourselves from the danger neither the White House nor Wall Street will admit…the threat of the Big Loss. You don’t need us for that either; you can peer into the coffin yourself. But it’s more fun if we do it together. Our macro strategy is simple: avoid the Big Loss and wait until we can buy leading, profit-making companies at very low prices. Not because they are cheap, but when they are cheap. Individual companies can be cheap for a lot of different reasons, some of them terminal. But when the whole market is cheap, we have a good chance that it will be less cheap going forward. Right now, however, stocks are expensive. After tax, the dividend yield on the S&P 500 is only about 1%. That’s not enough to offset the risk. And the gathering dots suggest that the risks are far greater than most people think. Total credit market debt today is about $110 trillion — or nearly four times GDP. In 1971, there was only $1.6 trillion in debt…compared to a GDP of $1.9 trillion…or less than even one-times GDP. Either today is freakish…or the 1970s were. But the numbers show debt averaged about 1x GDP…until the US began ‘printing’ money in 1971. In other words, the real, sustainable value of US credit-funded assets is likely still about 1x GDP – or about $30 trillion. But there, in the casket, is $80 trillion more — zombie assets kept semi-alive by credit infusions. Sooner or later, they will be unplugged, either by default or inflation. That’s the Big Loss we see coming. News flash, AP: US wholesale prices surged 4% last month after the war in Iran sent energy prices flying Just to be clear about it, the feds want inflation. Inflation keeps the bubble expanding…while the real value of its debt actually goes down. Inflate…or let the bubble economy die. That’s the choice. And the feds — as long as they are able — will choose inflation. Since the feds rarely get what they intend, however, a good guess is that we will see an unexpected sharp deflation…and then an unexpected runaway inflation in reaction. And here is the answer to the question you didn’t ask. The war in Iran? Why? Illegal tolls? Nuclear bombs? Regime change? Making the world safe for Iranian democrats? Is it because Israel has 324 Congressmen on the payroll? Because Israel’s US moneybags funded Mr. Trump’s election victory…along with the press, and the leading think tanks in Washington? Is it because they also have a very fat and very salacious file marked ‘DJT’? All of those things may have played their parts. But suppose those conditions did not exist. The US would still need to inflate the economy. And for that, it needs to spend money…and create more credit (money!)…or the bubble economy will die. Yes, there are deep, ‘primary’ trends that sweep us along, like the plastic bottles on an ocean current. Inflation is not a choice; it’s a must. So far, since the new ‘federal reserve notes’ were introduced in 1971, they have lost 99% of their value (against gold). When the currency loses all of its value, the economy can no longer be inflated by printing more of it. Then, they will need a new currency. But we are still a long way from that. The empire only peaked out around the turn of the century (1999). Its money peaked out around the same time…in February 2001 you could buy an ounce of gold for just $265. Inflation-adjusted, this was the lowest price for gold since the Funny Money Era began. And then, two decades later came the other key peak — in bond prices. In July 2020, bonds peaked out after a 40-year bull market. ‘There’s a great deal of ruin in a nation,’ said Adam Smith. Squeezing out the rot — like lancing a boil — will be painful and disgusting. And it will take decades. Fortunately, Dr. Trump is on the job — speeding things up. His budget proposal is part of the plan. If it lacks anything in jackassery, it makes up for it in jackboots. Stephen Semler: The gratuitous cuts to civilian agencies suggest the goal is smaller government. But that’s not the case — next year’s budget would still be $361 billion larger than last year’s. Trump’s concern isn’t the size of government; it’s what the government does and who it does it for. So what does Trump want the government to do in 2027? More war, more (militarized) policing, and less of everything else. Based on his budget request, Trump sees little point in government outside performing those first two functions. War and policing receive record funding; funding for all other government functions is cut by $300 billion. Of the $2.2 trillion Trump requested, 80% — $1.8 trillion — is tied to war and policing. But don’t worry, Congress will never approve Trump’s budget. Instead, it will increase military and police spending (a matter of national security!), but not cut domestic spending. From a financial perspective, in other words, it will be worse. It will guarantee the two things that are fatal to a great empire — inflation and war. Stay tuned…tomorrow, how to make a billion dollars. Regards, Bill Bonner, For Fat Tail Daily The post A runaway inflation reaction appeared first on Fat Tail Daily.

Apr 17, 202620 votes

Toll Roads Lead to Home (and inflation)

Post from Chinese Social Media on Blockades in the Persian Gulf Separating one from the other was a challenge. One of the most puzzling was this. MSNBC: The Jeffrey Epstein scandal had largely faded from public view in recent weeks, especially as attention turned to the war with Iran, but it made an unexpected comeback on Thursday afternoon in a strange fashion. From the White House, first lady Melania Trump delivered surprise remarks, in which she denied having any meaningful ties to convicted sex offenders Epstein and Ghislaine Maxwell and condemned reporting to the contrary. The trouble was, no one had any idea what she was talking about: She appeared to be responding to allegations that the public hadn’t heard. Why on earth would the White House want to bring the Epstein Affair back into the public eye? It had practically disappeared in the fog of the Iran War. But it wasn’t the ‘White House;’ it was the wife of POTUS, who carefully used the words “I” and “my” to disclaim any knowledge or culpability with Epstein. The ‘I’ and ‘my’ didn’t include her husband. What was the point? Is she afraid Mr. Trump is going down? Is she getting in a lifeboat? We don’t know. Another curiosity, ArtVoice: Kristi Noem’s Husband Bryon Was Living A Secret Life Online As Jason Jackson And The Details Keep Getting Worse Bryon was enjoying the ‘bimbofication’ subculture. Similar claims have been made about former FBI director J. Edgar Hoover and former Luftwaffe head, Hermann Goring. Both probably untrue. In Noem’s case, it is probably true…and embarrassing. But no threat to the republic. But at least the confusion over the ceasefire was clarified somewhat over the weekend. Yes…there was a ‘ceasefire,’ sort of. But no, there was no settlement. By Sunday, the ‘negotiators’ were on their way home, empty handed, prompting POTUS to go back on the attack. What’s the solution to Iran’s blockade? A US blockade! If only Iran-approved traffic can get through the strait, said he, then no one will get through. CBS: Trump says U.S. will blockade Strait of Hormuz and intercept ships that paid tolls to Iran Then, wouldn’t you know it, what we all saw coming…came! With so few tankers getting through, naturally the price of oil has gone up. Business Insider: Inflation rose in March to the highest rate in 2 years as the Iran war lifted energy prices The consumer price index increased 3.3% in March from a year ago, up from the 2.4% increase in January and February, and just shy of the 3.4% forecast. Economists expected inflation to rise due to higher energy prices. “The market was braced for a hot print, so today’s inline number is a slight relief,” said Alexandra Wilson-Elizondo, global co-chief investment officer of multi-asset solutions at Goldman Sachs Asset Management. “However, it may be the best headline inflation number we see for a while as it may only partially capture the full force of the Iran conflict, which sent US crude and US gas up 70% at peak.” But while most fingers point at the energy markets, at least one finger led to a different inflation source. Benzinga: A new Federal Reserve study reveals that sweeping U.S. tariffs implemented in 2025 by President Donald Trump are entirely responsible for the recent surge in inflation, hitting consumers with a direct, “dollar-for-dollar” price increase. …researchers estimate that tariffs implemented through November 2025 raised core goods personal consumption expenditure (PCE) prices by a staggering 3.1% through February 2026. And clearly in the stupidity category is this, from Newsweek: Representative Tim Burchett, a Tennessee Republican endorsed by President Trump, accused oil companies and Washington lawmakers of driving up gas prices through “just greed” in a video posted on X late Tuesday, as Americans continue to feel the economic effects of the Iran war. If it were ‘just’ greed, what a coincidence that it strikes just as Iran squeezes the biggest oil valve in the world! Regards, Bill Bonner, For Fat Tail Daily The post Toll Roads Lead to Home (and inflation) appeared first on Fat Tail Daily.

Apr 14, 202620 votes