The Federal Open Market Committee unsurprisingly voted to maintain rates at 5.25% to 5.5%. The numerous cuts others were anticipating are completely off the table, as the central bank said there might be one reduction for the year compared with their optimistic forecast made in March of three rate reductions in 2024. “In recent months, […]
The EPA is demanding that we abandon coal and fossil fuels without an alternative. The agency is seeking to shut down American power plants in favor of renewables. Energy prices are already reaching new highs. The National Energy Assistance Directors Association (NEADA) and the Center for Energy Poverty and Climate (CEPC) issued a warning that […]
John Maynard Keynes in his 1936 book, ‘The General Theory of Employment, Interest and Money,” argued aggregate demand was too volatile to be stable and would lead to inflation or recessions. His theory honed in on spending as a means of price control. Low aggregate demand, Keynes argues, would lead to high unemployment and stagflation. […]
You will own nothing. Accessory Dwelling Units (ADUs) have grown in popularity in recent years. America has recently imported a concept stemming from across the pond in the UK to pacify housing fears. Build-to-rent (BTR) communities are becoming a common development as the majority of Americans struggle to either afford or find housing. Around 23% […]
Government spending has consequences. The US national debt has surpassed $34.6 trillion at the time of this writing and continues to grow every minute. America has never been in a deeper deficit. The Committee for a Responsible Federal Budget (CRFB) has reported that America was forced to pay $514 billion in the first seven months […]
Federal Reserve Bank of Minneapolis President Neel Kashkari has advised against anticipating near-term rate cuts. While speaking to the Financial Times, the Fed president stated that people would simply prefer a recession to continued inflation. “I have learned that the American people—and maybe people in Europe equally—really hate high inflation. I mean, really viscerally hate […]
Some people have a very hard time understanding that we are in a massive deflationary spiral; they think that rising prices simply means it is inflation and not deflation. Then they mistake stagflation for deflation and wonder why people are spending more on less. They only see prices, not disposable income, and certainly not economic […]
All commodities, including gold, trade substantially differently than stocks or real estate. Pictured here is wheat back to 1200. Note that you see what appears to be a brain wave. Commodities trade differently because they are subject to nature. Manufactured items can be produced on a more regular basis. However, commodities are subject to weather, […]
The old idea that inflation is created by an increase in money supply has distorted the minds of many people. Inflation is caused by numerous factors for it is not a one-dimensional aspect. For example, say a bird flu has rendered half of the egg production to be worthless, which would send egg prices soaring. […]
Bloomberg released a damning report that explains how childcare costs exceed the average price of rent in the United States. This does not factor in the various costs of raising a child, as it merely looks at the cost of sending them to daycare. The true reason we are seeing a birth rate crisis across […]
