Boy, oh boy are things… um… interesting. I almost miss the days of green-haired teenage girls with hairy armpits gluing themselves to the road to make the weather better. Now we have craziness at the international trade level. At its core, it’s all politics. The now dead George Carlin had a skit where he told […]
The Federal Reserve is up to its old money printing games once again… Earlier this month it quietly purchased a cool $43.6 billion in U.S. Treasuries. This included $8.8 billion in 30-year Treasury bonds on May 8. Several days before that, it bought $20.4 billion in 3-year Treasury notes and $14.8 billion in 10-year Treasury notes. What’s […]
Are you ready to pay 80 percent more for a USB-C cord? Unfortunately, Walmart, Target and other major retailers have decided to start dramatically raising the prices of thousands of imported products. Of course our paychecks are not going up dramatically as well, and so our standard of living is going to go down. We […]
It seems to me the real American Dream is not measured solely by money, it’s more a measure of the freedom to Start Over. The conventional definition of The American Dream is anyone can achieve middle-class security if they work hard, work smart, persevere and are frugal / prudent / save and invest a healthy chunk […]
GM once supported California’s 2035 EV target. It wisely has second thoughts. Sanity Prevails In 2022, California Governor Gavin Newsom approved regulations banning the sale of new gasoline-powered cars and trucks by 2035. GM foolishly supported the idea. I am pleased to report that sanity has prevailed. The Wall Street Journal reports GM Is Pushing Hard […]
2025 is certainly turning out to be a year of war. Unfortunately, it appears that several global conflicts have now reached a tipping point. I know that everyone wants to talk about Joe Biden’s cancer right now, but the information that I am about to share with you is far more important. If our leaders […]
Countries around the world are actively seeking alternatives to the US dollar for international trade and reserves. This trend has dramatically increased in 2025 as numerous countries are adopting different approaches to wean themselves off the American currency, reflecting a vital change in the world’s financial system since World War II. De-Dollarization List of Countries: […]
QUESTION: Some claim that the entire strength of the dollar is oil, which backed it after the gold standard fell. I know you said that was a convenient theory, and some now claim Trump’s trip to Saudi Arabia is Petrodollar 2.0. You managed money for OPEC and were even in an OPEC meeting, so who better […]
If President Trump can get the Iranians to agree to a deal that will permanently prevent them from producing nuclear weapons, it really will be the deal of the century. The Iranians absolutely hate us, and so just getting them to talk was a major achievement. But now we could be on the verge of […]
As home prices continue to climb and mortgage rates remain elevated, buying a home in the U.S. has become increasingly out of reach for the average household. In 2025, buyers now need six-figure salaries to afford a median-priced home in all but 15 states. This visualization, via Visual Capitalist’s Bruno Venditti, using data from Realtor.com, maps the annual […]