Unprecedented actions lead to unprecedented consequences. Back in April 2007, I wrote one of our most popular articles, "The Pending Forest Fire". At the time people thought we were crazy. Everything was booming. Real estate, stocks, the job market. We were in a new era where the Federal Reserve was
Today is a sad day. For me, at least. Today is the first day in 17 days that we will not be giving out medals to the best athletes in the world, who worked mostly quietly on their craft for 5 years for this moment of peak physical showcasing. As
Tuesday is the 40 year anniversary of the assassination attempt on President Reagan. I remember this because it was on my 7th birthday. I of course feel terrible for my selfish feelings of 'my day' being ruined by all the adults only wanting to watch news coverage of this and
Where you personally sit often determines your assessment of a situation. That is certainly the case with the economy. COVID19 turned our economy into a K-shaped economy, but we've had problems for quite some time, well before COVID.
A big part of the imbalance is our two deficits – trade and
These headlines are shocking and certainly something I don't want to make light of. While it is indeed the worst number since the Great Depression, the way GDP is calculated does not fairly represent what is actually happening. The government takes the estimated economic output for the last three months,