Tag: Economy
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Trump is trying to shove the globalism toothpaste back in the tube and it’s making a mess
What a mess! To protect your sanity, and in the interest of keeping a cool head, I recommend you just don’t look at your portfolio this week… or maybe this month… heck maybe this year. The point is, don’t panic, don’t lose your cool, and if you have an investment strategy that plans for downturns…
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Trump’s tariffs and the rest of the world
I’m in Paris right now and decided to tune into some news channels in Paris. The coverage of the tariffs Trump announced yesterday is hilarious. The world is in panic and talking about economic collapse. What this should tell you, as an American, is the rest of the world not only is dependent on the…
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Biden’s Housing Bubble Worse than Obama’s
Why didn’t we hear a peep about the massive housing bubble President Biden’s policies quietly inflated? The Federal Housing Administration (FHA) has been handing out guaranteed loans like candy, letting borrowers take on mortgages they can barely afford, often with debt-to-income ratios topping 43%, sometimes even 64% in recent years. It started with loosened underwriting…
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Wall Street Journal reports food inflation of 36.6% since 2019
I don’t know why they used 2019 as the base line when most of the price hikes came in 2021 shortly after Biden took office. Prices started accelerating in 2020 during the government created pandemic but didn’t really take off until 2021. Now, that same $100 basket of goods you were buying in 2019 takes…
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Cumulative inflation under Biden is 17% while under Trump it was only 7%
If you want to know why spending is up while the public feels pessimistic about the economy just look to cumulative inflation or compound inflation if you will. It’s very simple but legacy news won’t report the reality. It’s the cumulative effect of inflation. It’s like the concept of compounding interest in a savings account…
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Question: What does an inflation adjusted 4.9% increase in GDP mean?
This is an honest question. It’s reported the GDP number is inflation adjusted. But the inflation numbers don’t include things like food and energy. GDP is the measure of all final goods and services produced in a time period. I take that to mean GDP includes food and fuel. How can we reconcile the true…