China has asked all of its banks to reduce exposure to American debt, citing rising market volatility and geopolitical risks. China has been steadily whittling away at its United States treasury holdings since peaking in 2013. Bloomberg [behind a paywall] has reported, citing people familiar with the matter. The shift away […]
As long as you have hope, you can face whatever challenges are ahead. Sadly, Americans have been losing hope at a rate that is absolutely unprecedented. As you will see below, optimism about the future has fallen to the lowest level ever recorded. One of the biggest reasons why people […]
The illusion of a weightless, post-geographic world economy—and the chokepoint that exposes it The global economy sells itself as weightless, an elegant lattice of algorithms, financial derivatives, satellites, and cloud servers humming beyond the reach of geography. This story is comforting. It suggests resilience, redundancy, and control. But it is […]
QUESTION: Will oil go crazy if Iran closes the Strait of Hormuz? Sam ANSWER: It is questionable if Iran would do that, for we get only about 3% of our oil through that strait, whereas 80% or so goes to China. Nevertheless, February was a Directional Change and March remains a key […]
For decades, the dominance of the United States has been primarily based on the strength of the U.S. dollar. Having the main reserve currency of the world has meant that everyone else has wanted and needed our currency. In fact, our currency is our number one export. Most Americans don’t […]
Trump is pressuring Congress to ban investor buying. But Congress says no. Lawmakers Push Back on Trump’s Proposed Ban The Wall Street Journal reports Proposed Ban on Investors in the Housing Market Hits a Wall in Congress The White House is at loggerheads with Congress over one of President Trump’s signature […]
Chipotle CEO Scott Boatwright publicly admitting that the company is now aiming its marketing and pricing toward households earning over $100,000 a year is a confession that fast food no longer functions the way it used to. What began as the cheap, quick alternative to a sit-down meal has mutated into […]
Do you remember the endless barrage of layoffs and store closings that we experienced during the Great Recession? Well, it is starting to happen again. All over the country, large employers are bringing down the axe really hard. For those that have been laid off, the outlook is not promising […]
The Trump administration is moving to create what is being described as a strategic stockpile for rare earths and other critical minerals, branded “Project Vault,” with reported financing of around $12 billion, involving a major loan structure and private participation from large industrial users. This is a defensive move akin […]
Look out below, because the dam is beginning to break. Many of us were projecting that our economic problems would accelerate during the early portion of 2026, and that is precisely what has taken place. Employers are conducting brutal layoffs all over the nation, the number of job openings continues to decline, […]