ECONOMY
Bank Branches are the Latest Creative Destruction Casualty
Over 8,000 bank branches are expected to close worldwide in 2025. Approximately 3,200 of those closures will take place in the United States. Q1 experienced 148 net branch closures in the US, with all major banks slated to close branches throughout the year. These are merely bank closures and not bank failures, […]
10 Economic Facts That Nobody Can Deny
If you ask 1,000 different Americans about the state of the U.S. economy, you will get 1,000 different opinions. But what is the truth? In this article, I am going to share information with you that is indisputable. I like to examine things from an analytical point of view, and […]
Fire the Fed, Raise Tariffs, and Hope for the Best
President Donald Trump and Treasury Secretary Scott Bessent want lower interest rates so they can lower the financing costs of America’s massive debt. The net interest on the debt for fiscal year 2025 is on track to hit $1 trillion. Federal Reserve Chair Jerome Powell has resisted daily lambasting from […]
Hello New York, the UK Shows that if You Tax the Rich, They Will Flee
The UK closed a tax loophole. Guess what. NYC can expect the same. Extreme Wealthy Flee the UK The Wall Street Journal reports The U.K. Closed a Tax Loophole for the Global Rich. Now They’re Fleeing. The U.K. is trying to tax the superrich. It’s off to a bumpy start. “I’m […]
Trump Unleashed New Tariffs on Mexico and EU
Donald Trump, the United States’ ruler, has announced new tariffs on both Mexico and the European Union. Trump said that these tariffs will go into effect starting on August 1st. The U.S. will impose a 30% tariff on all imports from Mexico and the European Union (EU), citing national security […]
Only Three of 12 Fed Regions Are Growing, Two Slightly
The Fed’s Beige Book shows a weakening economy Please consider the Fed’s Beige Book for July 2025. What is the Beige Book? The Beige Book is a Federal Reserve System publication about current economic conditions across the 12 Federal Reserve Districts. It characterizes regional economic conditions and prospects based on a variety […]
No Escape From Washington’s Fiscal Doomsday Machine
If you don’t think Washington is in the maws of a Fiscal Doomsday Machine, think again. And the place to start is with the 30-year CBO projections—expressed as the dollar increase from the current $29 trillion level of publicly held US Treasury debt. To wit, if Washington does nothing except […]
The Stripper Index
One company has been looking to one of the world’s oldest professions to gauge the state of the economy—sex work. “The ‘stripper index’ is an unconventional economic indicator that correlates changes in sex work revenue, such as escort pricing, strip club tips, and related search interest, with broader economic cycles,” […]
How Should the EU, Mexico, China, and Canada Respond to Trump’s Tariffs?
I have two answers. One idea is radical but it would work. Answer One: Do nothing Tariffs are a tax on consumers. So it Trump want to be raise taxes on US consumers, then let him. And if he wants to make the US an island, them let him. Besides, […]
The Facts Clearly Tell Us That The Middle Class In America Is Dying
Everybody agrees that the rich have been getting even richer in recent years. But what about all the rest of us? Unfortunately, it turns out that flooding the system with money was really good for the wealthy, but it has made things much worse for almost everyone else. Poverty is […]
