The worst bond market so far since 1842… another President Biden miracle

It was a good 180 year run. With the collapsing bond market, inflation, rising prices due to over regulation, supply chain issues from COVID policies, shortages due to the Ukraine/Russia conflict, and globalism in general run amok is it time to resurrect the misery index? I’m not a financial...

Why we suddenly feel the effects of inflation

Inflation isn’t something that just happened. It’s been happening. It’s been rising for decades and government has been misinforming the public. Since the Ronald Reagan Administration the U.S. Government changed the way consumer inflation is calculated. In fact, inflation has been above 5% consistently and probably close to 7%...

That huge sell-off in the markets today is simply a Black Friday discount for buyers of the dip

What’s a 3% dip in the stock market? The news is blaming the latest COVID variant… ooooooo so scary. Nothing to worry about. Nothing to see here. It’s simply a 3% discount on all the stocks you want to buy. Heck… use some of that stimulus money and gamble...

Venezuela is our future if we don’t stop the march towards socialism

Venezuela nationalized most of their big industries. Government pushed out the private sector in the name of equity and fairness for the people. The standard definition of socialism is “government ownership of the means of production.” When government takes ownership of the means of production, that is called “nationalization.”...

Higher wages… less purchasing power. The Biden inflation legacy

I doubt the $15 minimum wage promoters will understand that you can get paid more but make less in the end. I’m sure the Biden administration will print up more money to pass out. That’ll solve the problem. Real (after inflation) average hourly earnings have declined for seven consecutive...

Investors may finally be learning that China is no place to invest

We should have never started conducting business in mainland China. Communist countries are closed boxes where everything is owned by the government regardless of how much they make it appear they do not. An article in the Wall Street Journal lays out how the Chinese government changed their regulations...

Inflation starting to look a little sticky

I’m starting to lean towards the notion that this will not be a transitory inflationary period. If a federal $15 minimum wage comes to pass combined with further climate change regulations there is nowhere for costs to go except up. “In an environment where inflation continues to rise quarter...

Supermarkets stock up to protect profits from inflation

Nah, inflation isn’t happening. After all Sleepy Joe told us our 4th of July cookout cost us $0.16 less than last year. Sure, he ignored the 8% increase in cost over 2 years ago because it was inconvenient. The nation’s supermarkets also must not be living in reality. They...

President Biden misleads public on cost of 2021 4th of July cookout

The Whitehouse’s tweet says a cookout in 2021 costs $0.16 less than in 2020. Trying to tamp down inflation fears by saying prices are not rising. If you look at the source of the information used in their misleading video they say the price of that cookout is 8%...

Technology rapidly replacing restaurant staff

Just say no to hiring. Competing against the federal government in hourly pay is a no win situation. Private business can’t compete against an entity that doesn’t have to turn a profit and has the ability to print money at will. High end restaurants might still need a wait...