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I have been thinking hard about when exactly celebrities took over American political life, and I think most people are not asking the right questions about it. George Clooney wrote an op-ed that effectively ended Joe Biden’s presidential campaign, and nobody seemed to find that as strange as I do.
When the government takes stakes in private companies and hands out hundreds of millions in subsidies, it isn’t capitalism. It’s a rigged game that distorts markets and puts your investments at a disadvantage.
An AI-powered hedge fund founded by a 24-year-old former OpenAI researcher just blew up, and the lessons here are ones I have been repeating for over 26 years. This is not just another cautionary tale. It is a blueprint for how overconfidence, unchecked risk, and fear of missing out destroy wealth.
The latest GDP numbers came in at 1.5% annualized growth, and I’m here to tell you that is not a good sign for your retirement accounts or your purchasing power. When you stack that against a June PCE reading of 3.7%, which is nearly double the Fed’s stated 2% target, we have a serious problem that most financial advisors are not talking about.
The latest GDP numbers came in at 1.5% annualized growth, and I’m here to tell you that is not a good sign for your retirement accounts or your purchasing power. When you stack that against a June PCE reading of 3.7%, which is nearly double the Fed’s stated 2% target, we have a serious problem that most financial advisors are not talking about.
Markets are correcting, hedge funds are blowing up, and the Korean stock market just wiped out over 700,000 investors. If you think that kind of destruction can’t happen here, you haven’t been paying attention to what’s already sitting inside American portfolios.
The Federal Reserve has become a circus of economists, forward guidance, and Wall Street hand-holding. I want to take you back to a time when the Fed actually did its job without a press conference, a briefcase indicator, or a thousand PhD economists telling us what to think.
The phrase ‘fair share’ gets thrown around constantly in political debates, but nobody ever asks the most important question: fair by whose definition? I’ve been pressing people on the left for years with one simple framing, and I have never once gotten a real answer.