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 of mostly qualitative information, gathered […]
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, it’s impossible to negotiate with […]
Proposed tariffs up to 100% on Chinese cranes could significantly raise port upgrade costs. An Appeal for Tariff Delays In a move that will likely fall on deaf ears, U.S. Ports Appeal for Delay to Tariffs on Chinese Cranes The administration is proposing tariffs of up to 100% on Chinese-made cranes and other cargo-handling equipment as […]
After all this hype …. nothing. Then Trump blows up at a reporter for asking a question. Trump Blows Up Pam Bondi Child Porn Question “Was there someone else in those tapes besides children?” Deflection Then and Now Karoline Leavitt is indistinguishable from KJP and Jen Psaki when she tries to deflect from the FBI […]
Are the BRICS Countries increasing their clout? Are the BRICS Countries Hard to Ignore? Increasing Their Economic Clout? My answer is no. A Bloomberg columnist says yes. But he misses the real issue by a mile. Please consider BRICS Is Getting Increasingly Hard to Ignore by Alan Crawford. BRICS leaders hosted by Brazilian President Luiz Inácio Lula […]
Hurry, hurry, step right up, tax credits expire September 30. Has There Ever Been a Better Time to Buy an EV? The Wall Street Journal asks Has There Ever Been a Better Time to Buy an EV? Not even bargain-basement deals are enough to entice U.S. drivers to go all-in on electric vehicles. A Hyundai dealership […]
NYC is poised to elect a Zohran Mamdani, socialist madman. Here’s what to expect. Greatest Comeback Surprise in History A week ago, Polymarket betting odd were over 80 percent for former NY governor Andrew Cuomo and under 10 percent for Mamdani. On May 27, Cuomo was over 90 percent. But Mamdani won the primary and […]
The Fed’s outlook has soured vs its March forecast. “We expect a meaningful rise in inflation in the coming months,” said Powell Unemployment projection from Fed press conference. Trump will not be pleased with the Fed’s outlook. In the press conference, the Fed highlighted more concerns of tariffs on inflation and growth. Regarding jobs, Powell […]
I soundly beat the WSJ to this story but here are some more details. Trump says businesses report losing ‘very good, long time workers.’ How about changing policy? Please consider Mass Deportation . . . Except at Hotels? How far does President Trump envision his mass deportation project going? As if to heighten the ambiguity, on […]
Do we need more stablecoins? Corporate coins could take payments activity away from banks and the traditional financial system. I am 100% O.K .with that. What Is a Stablecoin? A stablecoin is a type of cryptocurrency that is pegged to another asset, typically the U.S. dollar. Regulation will likely ensure that US dollar stablecoins are […]