Feb 19, 2024
Recently a New York state judge ordered Donald Trump to pay $364 million as part of a fraud trial against him and his companies. They say the verdict is a result of Trump over-valuing his properties to obtain more favorable terms from a lender. The charges were bogus.
Feb 12, 2024
When the Federal Reserve paused its interest rate increases last September, I worried that it stopped raising rates too soon. I reasoned that interest rates were not high enough to curb excess consumer spending. That excess spending would allow inflation to linger and...
Feb 5, 2024
Most Americans including most of those on Wall Street believe that the Federal Reserve will cut interest rates soon. Wall Street believes rate cuts could come as early as next month.
Jan 29, 2024
The Bureau of Economic Analysis recently announced that GDP growth in the fourth quarter of last year was 3.3%. That meant for the entire year 2023 economic growth was 2.5%. That's a strong growth and exceeds the 1.9% growth in 2022.
Jan 23, 2024
A recent Pew Research poll confirms that the vast majority of Americans believe special interests and their campaign contributions dominate our political process.
Jan 11, 2024
The Bureau of Labor Statistics just released the inflation data for December 2023. The Consumer Price Index increased by 0.3% in December, raising the annual inflation rate to 3.4%. That's up from the 3.1% annual inflation rate last month.
Jan 3, 2024
The free market system, when left alone, will always reach a balance. Individual markets end up with a fair price where business is willing and able to produce the same quantity that consumers are willing and able to purchase.
Dec 18, 2023
Recently, Federal Reserve chair Jerome Powell said that with the inflation rate falling and the labor market cooling, interest rates have likely peaked. He further added that the Fed could cut interest rates three times next year and perhaps four times in 2025.