Free money includes Medicare, Medicaid, SNAP, Social Security, and more, discussed below. Some may object to the term “free money” but the definition of Personal Current Transfer Receipts (PCTR) is “Payments to individuals for which no current services are performed, representing a component of personal income.” I don’t want to get […]
That’s the question I was asked today. 12 Ideas. A Spending Conversation on X What Do I Propose? The short answer is fiscal discipline by Republicans and better tax code and trade policy. Currently, the inevitable Congressional result is more of this for more of that. Democrats and Republicans are […]
The delinquency rate jumped from 0.7% in the 4th quarter to 8% in the 1st quarter. Years of Forbearance Have Ended The Wall Street Journal explains How Student-Loan Crisis Will Show Up in the Economy Millions of Americans had their student-loan payments put on pause during the pandemic. Now they are […]
Even if you adore [Trump/Biden], for whatever reason, you are a big problem if you refuse to criticize clear violations of the constitution no matter who is in the White House. Trump suffers another defeat in court, as expected and deserved. Shocking Abuse of Power On April 16, NBC News […]
BYD sold 7,231 battery electric vehicles in April versus 7,165 by Tesla, according to data from Jato Dynamics. BYD Is #1 In Europe Please note BYD overtakes Tesla in Europe BYD sold more battery electric vehicles (BEVs) than market leader Tesla in Europe for the first time last month, as the […]
The yield on the long bond and the 10-year Treasury surged today on deficit concerns. Today’s Bond Market Action Technical Disaster The lead chart is a technical disaster. Short-term resistance is only 10 basis points away at 5.18 percent. Next resistance dates all the way back to 2007 with a […]
Chalk up a Supreme Court victory for Trump on Venezuelan Migrants. But legal issues remain. The Wall Street Journal reports Supreme Court Allows Trump to Strip Legal Status From Venezuelan Migrants The Supreme Court allowed the Trump administration to strip temporary legal protections from thousands of Venezuelans living in the U.S. […]
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 […]
Relative to each other, they can’t. But relative to something else, they easily can. A reader asked me to comment on a video by Brent Johnson, CEO of Santiago Capital. Chinese Yuan Devaluation – What you Need to Know My reader thought Brent and I were in disagreement. But I […]
Credit Trump for the irony of the year in a pair of comments on Truth Social. Comments of the Day Irony of the Year CLOSED MARKETS DON’T WORK ANYMORE!!! No one has tried harder than Trump to make the US an island. He wants production here, massive tariffs to stop […]