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The current economic landscape features conflicting narratives from economists and pundits, making it difficult to determine the true state of affairs. Despite assurances of economic stability, many people experience a completely different reality that is characterized by rising costs and financial stress. This mismatch between expert assurances and what we see happening raises worries about […]
June 2024 Donald Trump hit for the cycle. For those unfamiliar with baseball terminology, hitting for the cycle means hitting a home run, triple, double, and single in a single game. Trump achieved the metaphorical equivalent in a recent interview. In the midst of debate week, Trump’s appearance on the “All in Podcast” was nothing […]
Do you ever feel like you’re working tirelessly every day, but it’s all for naught? That’s the feeling I had today, reminiscent of that Seinfeld episode when Newman, Jerry’s nemesis, rants about his endless mail delivery job. “The mail keeps coming, Jerry. It keeps coming.” That’s how I feel today. Two days ago on the […]
As the current political landscape remains mostly unchanged, we are facing a significant increase in taxes. Virginia Senator Mark Warner has already termed 2025 as “Tax Armageddon.” The strategy for next year is to let the 2017 tax cuts expire, resulting in the largest tax increase in the history of the United States. This maneuver […]
We’ve got tariffs on steroids. Trump just floated the idea of eliminating the income tax in the United States and replacing it with an all-tariff federal revenue system. The 16th Amendment in 1909 allowed for the federal income tax, and now we’re talking about a tariff system large enough to replace it. No numbers have […]
Today, we have a big consumer price number out, and everyone is looking at it with all eyes on the Fed this afternoon. The number is unchanged for May but up 3.3% from a year ago. It’s important to note that inflation measurement has changed over the years, so comparisons aren’t always straightforward. Some people […]
Over the years, we’ve delved into societal issues on this program. It’s not just about money; it’s about everything that relates to money and the world around us. I won’t change that approach, despite some suggestions to focus solely on Wall Street. There are more important things to discuss. Certain things in the world irk […]
The Fed and obliviosity. Yeah, it’s not a real word. I made it up 18 years ago. Why not? New words are constantly being added to the dictionary. So, I came up with “obliviosity” and its definition: a rapidly growing, annoying trait of modern society and our workforce that embodies feckless behavior, a lack of attention […]
