The more the nation’s Fiscal Doomsday Machine cranks out ever higher spending and fatally rising public debt, the more we realize that the 16th Amendment was a monumental error. In the end its ratification in 1913 may well turn out to be the inflection point at which American democracy and […]
The job cut hit parade line just got 15,000 more members. Verizon Looks to Slash Expenses The Wall Street Journal reports Verizon to Cut About 15,000 Jobs Verizon Communications VZ is planning to cut roughly 15,000 jobs, looking to reduce costs as it contends with increased competition for both wireless service […]
The alarms are getting even louder each week. It has become exceedingly clear that the U.S. economy has entered a crisis that is similar to what we experienced in 2008 and 2009, and a lot of people are really starting to freak out. For those that cannot see the stunning parallels between […]
New York, the Benchmark New York State is ground zero for the global affordability crisis. That’s because it is the benchmark for global cost-of-living studies everywhere. The thing is, the benchmark for affordability is starting to break. And when that happens, you don’t rely on cost-of-living anymore. You have a […]
What is a Hindenburg Omen? Why does Ed Dowd think that a deflationary event has already begun…one which will shake the world? Tune in to find out… In this podcast, I sit down with Ed Dowd, the former BlackRock portfolio manager, to discuss the AI bubble and how the stock […]
President Donald Trump has proposed using a 50-year mortgage to make home ownership more affordable for people. However, it just seems like a terrible idea, and the math proves it. The proposal was suggested by Trump and supported by Federal Housing Finance Agency Director Bill Pulte. Right now, while interest […]
1913 was a terrible year for America and human freedom. It was the year Congress passed the Federal Reserve Act and ratified the 16th Amendment to the US Constitution, which authorized a federal income tax. At first glance, these two unfortunate developments may seem unrelated. Yet what are the odds […]
Do you remember how bad things were in 2008 and 2009? It was an economic nightmare that shook the entire world, and now it appears that the sequel is upon us. As you will see below, many economic numbers are either as bad as they have been since the Great […]
Homebuilders expected a buying rebound that didn’t come. Home Buyers Are Hiding The Wall Street Journal reports Builders Are Offering Mortgage-Rate Discounts. Home Buyers Aren’t Biting. America’s biggest builders are struggling to sell homes even when they offer buyers a 4% mortgage. Their experience suggests rate cuts alone won’t be enough […]
For generations, money was something people held in their hands — a tangible symbol of work, value, and exchange. Today, money is becoming something else entirely: a digital leash. The transformation is happening quietly, without consent, and most people will not recognize what has been built until the gate locks […]