Visa has just unveiled a new suite of artificial intelligence tools designed to overhaul how credit card disputes are handled, and once again this is being presented as a simple evolution toward efficiency and improved customer experience, yet when you step back and examine the scale of what is unfolding, this is […]
What we are witnessing across the United States is not just people relocating. It is the migration of income itself, and the numbers now confirm the scale. According to the latest IRS data, California lost $11.9 billion in adjusted gross income in a single year, while New York lost $9.9 […]
Nobody was ready for a scenario in which the Strait of Hormuz is blocked for an indefinite period of time. The Iranians think that they will eventually get what they want by holding commercial traffic through the Strait of Hormuz hostage and causing as much pain for the global economy […]
Donald Trump sure has a strange approach to making housing more “affordable”. He apparently wants lower costs for buyers and higher prices for owners and sellers! “I don’t want to drive housing prices down. I want to drive housing prices up for people who own their homes.” Needless to say, as […]
It is difficult to believe the pace at which global events are now moving. Apocalyptic threats are being thrown around recklessly and severe damage is being done to the global economic system every single day. A lot of people still seem to think that economic conditions will snap back to […]
Two-Week Reprieve “Big money will be made.” The remark was made by President Donald J. Trump on Truth Social following the ceasefire deal with Iran. Who will make the big money is unclear. But it sounds good, nonetheless. With the announcement of the two-week reprieve in bomb dropping and missile strikes, and […]
For the past six weeks, as this US-Israeli war with Iran has played out, the economic impact of the conflict has gotten a lot of attention. And rightfully so. As anyone who’s consumed any news about this war knows well by now, the Strait of Hormuz is a major energy […]
Iran is still holding traffic through the Strait of Hormuz hostage, and the entire world is going to suffer. Before the war, commercial traffic through the Strait of Hormuz flowed freely, and the global economy functioned normally. But even though there is a temporary ceasefire, Iran continues to maintain a […]
The Federal Reserve’s preferred inflation gauge, the Personal Consumption Expenditures index, rose 0.4% in February alone and is now running at 2.8% annually, while core inflation, which strips out food and energy, is still sitting at 3.0%. That is not progress. That is stagnation well above the Fed’s 2% target, […]
Your dollar has lost 96-97 percent of its purchasing power since 1913. This is not bad luck or mysterious market forces. It is the result of deliberate policy choices that steadily, quietly drained your wealth—and convinced you it was being done for your benefit. The World That Was Stolen For […]