Tariffs are NOT Reciprocal
How did the Trump Administration come up with these tariff rates? Why would a nation like Madagascar, for example, with a small economy, be hit with a 47% tariff? Reciprocal [...]
People Living in their Cars in California?
A very interesting issue has emerged in California. The price of real estate rose so high that the median price for a home reached $600,000 and the price was just too high. Consequently, people began to take up residence sleeping in their cars. A recent article looked at the issue and found that 15,000 people live in cars, vans, and RVs in Los Angeles alone. They were citing the US Department of Housing and Urban Development. This was just LA alone. Real Estate is starting to crash in California because (1) it exceeded the cost of the average person, and (2) taxes are rising and that further reduces the net disposable income. It is not just the price of the house, as taxes rise they reduce the take-home pay and thus the price of a house after taxes rises even faster. These two trends are colliding and this is why California real estate has begun to decline.
Latest Posts
Eric Adams Leaves the Democratic Party
New York City Mayor Eric Adams, the man who fought tooth and nail to maintain sanctuary city status for migrants, has abandoned the Democratic Party. The Democrats have become so [...]
Trump vs Putin
https://www.armstrongeconomics.com/wp-content/uploads/2025/04/Zelensky-Reniggs.mp4 QUESTION: I take it you agree with Putin that Zelensky is not legitimate and that Trump is wrong. Would you care to explain your position? WG ANSWER: I [...]
Market Talk – April 3, 2025
ASIA: The major Asian stock markets had a negative day today: • NIKKEI 225 decreased 989.94 points or -2.77% to 34,735.93 • Shanghai decreased 8.12 points or -0.24% to 3,342.01 [...]
