What would your reaction be if the Congress wrote a piece of legislation that said: “In order to pay for necessary spending programs (both past and future), _________________________ [<– your name here] will be required to pay up to 62% of the value of their wealth in taxes.” I’m just guessing that once you …
It’s the most despicable kind of tax there is. It’s regressive. It’s punitive. It has the greatest impact on those who can afford it the least. I’m sure you’ve guessed, I’m talking about inflation. We all understand how it works. (It seems like the only people who don’t are those in Washington DC.) Inflation shows …
I wouldn’t blame you if you haven’t been watching the recent political wrangling over the administration’s “Build Back Better” social spending human infrastructure plan. It’s painful to watch Congress intentionally try to bury our economy in a black hole of debt. At one point the issue of how to pay for this boondoggle came up. …
People like scary movies because you get to jump on a psychological thrill ride for a couple hours. But after all the shrieking, you get to leave the theater and go back to your normal life. The things that go bump in the night in real life are usually just the neighborhood racoons out for …
“Transitory.” It’s one of those words that has no meaning — at least when it comes to financial forecasts. The Fed has been trying to stick to its “transitory” narrative when it comes to inflation. But what is transitory? Six months… Or six years? To address the possibility that inflation isn’t quite so transitory, the …
So we’ve been assessing the real estate market over the past couple posts. Prices have been rising dramatically. For the past several months, economic reports from various agencies have indicated prices rising anywhere from 13% to 19% annually. The problem is, these rates of increase are not sustainable long term. When markets trade to extreme …
In your last e–letter, I noted that the housing market, which had been fairly hot in general, was beginning to really heat up over the past couple months. Home prices have been skyrocketing to all-time highs — prices are now 41% higher than they were at the top of the bubble in 2007. And because …
Last week an economic report came out that shook the markets up a bit. It wasn’t a glamorous, high-profile report like CPI or Nonfarm Payrolls. But it raised some eyebrows. Existing home sales posted a 7% increase month-over-month. This past Tuesday, new home sales increased what can only be called a staggering 14% from the …
So we’re continuing our look into the green energy industry. (If you missed our earlier letters in this thread, you can read them here and here.) Today I want to share another shortcoming of the industry. Up till now, a large chunk of investment in green energy (both in terms of dollars as well as …
The Government’s Green Commitment… (or What do they care? It’s your money not theirs…) Read More »
In our last chat, we started talking about renewable energy as a potential investment. Strictly from a perspective of physical science, renewable (or green) energy sources simply don’t generate the amount of power we need to run the world that hydrocarbon-based energy has created (and, according to green advocates, put on the path to destruction.) …
