Poor Choices And Bad Stewards
July 2024 Two stories in the Wall Street Journal today caught my attention and really shook me up. They illustrate the critical importance of financial responsibility and the consequences of poor money management. Long-time listeners know I don’t sugarcoat things. Today’s column will be no different. The Cost of Inaction The first story that blew […]
Scenes From The Animal Farm
Recent news stories have been disheartening, and they remind me of the end of Orwell’s Animal Farm. In the book, the reformers, the pigs, ultimately become indistinguishable from the oppressive humans they replaced. The final commandment, “All animals are equal, but some are more equal than others,” is a stark reflection of our current reality. We […]
The Fed…don’t Doubt Me!
July 2024 Recently, I’ve been interviewed on several radio shows where hosts have been asking about Jay Powell and the Federal Reserve’s stance on inflation. They were eager to point out that I had predicted the Fed wouldn’t wait for inflation to drop to 2% before lowering rates. My response? A facepalm and a simple, […]
How To Use The Power Of Compounding To Succeed In Business And Life
July 2024 Today, I want to share a concept that’s been on my mind—a life hack that’s simple but incredibly powerful. I’ve been wrestling with how to get this point across, and it’s one of the most important ideas I’ve ever discussed. Life hacks are often straightforward, hiding in plain sight. Yet, we have entire […]
Donald Trump Hits For The Cycle!
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 […]
The Blind-Folded Bus Drivers Are Back!!!
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 […]
Your Taxes Are Going Up!
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 […]
Trump Tariffs On Steroids!
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 […]
Inflation Leaves You Holding The Bag
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 […]
Demonic Democracy??
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 […]