Trump’s Asia triumph and the enduring, under appreciated art of constant dealmaking

If you aren’t willing to make adjustments, and you aren’t continually grinding it out, day in and day out, week in and week out, month in and year in, you are unlikely to achieve anything except blather. “We have a deal,” President Donald Trump declared after meeting with his Chinese counterpart, President Xi Jinping in… Continue reading Trump’s Asia triumph and the enduring, under appreciated art of constant dealmaking

Trump and some hard truths about the piss poor jobs report

Though the President himself warned there would be short term disruption, it doesn’t matter who or what is to blame.  It could be tariffs, it could be Trump, it could be that the job fairy is taking a vacation, or a mass delusion that the economy is worse than it is, numbers like this can’t… Continue reading Trump and some hard truths about the piss poor jobs report

The Federal Reserve is a fraud that doesn’t seem to know what inflation actually is

Why is Jerome Powell talking about keeping interest rates high in the face of a potentially slowing economy when he’s spent the last three years trying to slow the economy to fight inflation? “We may find ourselves in the challenging scenario in which our dual-mandate goals are in tension,” Federal Reserve Chairman Jerome Powell said… Continue reading The Federal Reserve is a fraud that doesn’t seem to know what inflation actually is

About that “stubbornly high” inflation

The experts shouldn’t be surprised that inflation doesn’t fall in a straight line in a relatively short period as they’ve been claiming. The historical record over the past 800 years is clear: Inflation can take decades, as in tens of years, to revert to the norm. Wall Street was stunned last week because inflation remains… Continue reading About that “stubbornly high” inflation

The “vibecession,” the truth about the economy, and the resilience of the American dream

Like Bidenomics before it, the vibecession rests on two false assumptions, first that the economy is either the best ever or the worst ever, and second that declining inflation means declining prices. Besides, if the economy is so good, why is everyone saying the American dream is dead? Following the failure of “Bidenomics” to change people’s… Continue reading The “vibecession,” the truth about the economy, and the resilience of the American dream

The automobile and housing markets reveals the death spiral of high inflation and high interest rates

While the Biden Administration brags about how inflation is declining, consider purchasing a car or a house where increased prices combine with spiking rates to cost consumers over a thousand per month, every single month.  It’s no surprise almost two thirds of the country lives paycheck to paycheck and credit card debt is at an… Continue reading The automobile and housing markets reveals the death spiral of high inflation and high interest rates

2023: A year of continued questions and some possible answers

The new year begins with the feeling that little was resolved last year.  The topics that dominated the conversation from political polarization to the war in Ukraine continue apace without resolution.  2023 should finally begin to provide some answers domestically, internationally, and politically. Future historians might look back on 2022 and identify it as a… Continue reading 2023: A year of continued questions and some possible answers