Credit John Cochrane for a brilliant blast of rent controls. A Way Out of the Affordability Crisis [Not] Let’s start with an inane post on the New York Times Economists Hate This Idea. It Could Be a Way Out of the Affordability Crisis. That’s a free link for those who wish […]
Trump is rolling back tariffs. I am laughing, not complaining. Major Tariff Rollbacks The Wall Street Journal reports Trump Implements Major Rollback of Food Tariffs President Trump on Friday moved to lower tariffs on beef, coffee and dozens of agricultural and food goods, marking a significant rollback of his so-called reciprocal […]
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 […]
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 […]
Trump proposes another massive wealth redistribution scheme. Economic Illiteracy at Its Finest Trump on Truth Social: People that are against Tariffs are FOOLS! We are now the Richest, Most Respected Country In the World, With Almost No Inflation, and A Record Stock Market Price. 401k’s are Highest EVER. We are […]
The FHA head said the proposal is a “complete game changer.” Yeah right. Complete Game Changer – Not People are already in trouble because they do not understand property taxes or maintenance. 50-Year mortgages won’t help with the down payment. For many, that is a huge obstacle. Home prices are […]
The F-150 Lightning line may be shut down for good. No One Wants EV Trucks That’s a bit of an exaggeration, but not much. In October, Ford sold just 1,500 Lightnings, the fewest of any model. The Wall Street Journal reports Ford Considers Scrapping Electric Version of F-150 Truck Ford Motor […]
The jobs hit parade is running in reverse. Hiring lowest in 14 years. Job Cuts on Cost-Cutting & AI Challenger, Gray, and Christmas notes Job Cuts on Cost-Cutting & AI U.S.-based employers announced 153,074 job cuts in October, up 175% from the 55,597 cuts announced in October 2024. It is up […]
The stated goal is to reduce drudgery. Do you believe that? Bloomberg reports OpenAI Looks to Replace the Drudgery of Junior Bankers’ Workload. My title is a more accurate representation of the true goal. OpenAI has more than 100 ex-investment bankers helping train its artificial intelligence on how to build financial […]
My experience with Grok has been excellent. Here’s another opinion from the WSJ. Wall Street Journal author Daniel Akst says I Finally Have a Physician Who’s Available and Who Gets Me. Meet Dr. Grok. That’s a free link. Here are a few snips. My Experience with Grok I frequently tag Grok […]