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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 […]
Understanding liquidity is crucial in the world of finance and investing. It refers to the ability to swiftly buy or sell assets in the market without causing any significant impact on their prices. Having a solid grasp of liquidity is essential for both individual investors and businesses, as it has a direct impact on financial […]
It’s Jobs Friday, and CNBC has been hyping it all week. A big jobs number is expected, and everyone is on edge. But as I watched the report today, I found myself questioning why I even bother. The print blew away expectations with 272,000 jobs added, yet unemployment rose to 4%. This is pure Fugazi—fake […]
The cost of living comfortably in the United States has risen dramatically. According to recent estimates, a family of four needs $177,798 per year to live comfortably. This figure has left many people grappling with the realities of modern life and the economic pressures that appear to be increasing year after year. But how did […]
Florida is known for its beautiful beaches, thrilling theme parks, and exciting outdoor activities. However, as hurricane season approaches, it is critical to have a plan for indoor entertainment. While the weather outside can be unpredictable, there are plenty of exciting and enjoyable activities to keep you entertained indoors. Whether you’re a resident or a […]