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 […]
Hello Elon Musk, you are now 10 million rides behind Waymo. It’s Waymo’s World Please consider the Wall Street Journal, It’s Waymo’s World. We’re All Just Riding in It. Unless you live in one of the few cities where you can hail a ride from Waymo, which is owned by Google’s parent company, Alphabet GOOGL, it’s […]
With benefits, the effective wage is $38.35. This is inflationary. New Minimum Wage AI Overview Los Angeles is moving towards a $30 minimum wage for hotel and airport workers by 2028, a move supported by unions and some council members who believe it will benefit the local economy. The city council passed an ordinance to […]
Free money includes Medicare, Medicaid, SNAP, Social Security, and more, discussed below. Some may object to the term “free money” but the definition of Personal Current Transfer Receipts (PCTR) is “Payments to individuals for which no current services are performed, representing a component of personal income.” I don’t want to get into a debate over “free” […]
That’s the question I was asked today. 12 Ideas. A Spending Conversation on X What Do I Propose? The short answer is fiscal discipline by Republicans and better tax code and trade policy. Currently, the inevitable Congressional result is more of this for more of that. Democrats and Republicans are both in on it. Mish […]
The delinquency rate jumped from 0.7% in the 4th quarter to 8% in the 1st quarter. Years of Forbearance Have Ended The Wall Street Journal explains How Student-Loan Crisis Will Show Up in the Economy Millions of Americans had their student-loan payments put on pause during the pandemic. Now they are back on the hook again. […]
Even if you adore [Trump/Biden], for whatever reason, you are a big problem if you refuse to criticize clear violations of the constitution no matter who is in the White House. Trump suffers another defeat in court, as expected and deserved. Shocking Abuse of Power On April 16, NBC News reported Federal judge calls Trump’s order […]
BYD sold 7,231 battery electric vehicles in April versus 7,165 by Tesla, according to data from Jato Dynamics. BYD Is #1 In Europe Please note BYD overtakes Tesla in Europe BYD sold more battery electric vehicles (BEVs) than market leader Tesla in Europe for the first time last month, as the Chinese carmaker continued to make […]
The yield on the long bond and the 10-year Treasury surged today on deficit concerns. Today’s Bond Market Action Technical Disaster The lead chart is a technical disaster. Short-term resistance is only 10 basis points away at 5.18 percent. Next resistance dates all the way back to 2007 with a peak at 5.44 percent. Rate […]
Chalk up a Supreme Court victory for Trump on Venezuelan Migrants. But legal issues remain. The Wall Street Journal reports Supreme Court Allows Trump to Strip Legal Status From Venezuelan Migrants The Supreme Court allowed the Trump administration to strip temporary legal protections from thousands of Venezuelans living in the U.S. for now, in a win […]