by Daniel White | Apr 25, 2022 | Economy
April 25, 2022 It seems we’re headed for a bear market in stocks. The Federal Reserve must raise interest rates to defeat inflation, which is at a 40-year high. As a result, monetary policy will likely tighten, money will leave the market (or less will enter), and...
by Daniel White | Apr 18, 2022 | Economy
April 18, 2022 President Biden wants to substantially increase the size and reach of the IRS, deeming it necessary to ensure that big corporations and the wealthiest Americans pay their fair share of taxes. The administration said this expansion won’t affect the...
by Daniel White | Apr 11, 2022 | Economy
April 11, 2022 American households added more than $1 trillion in new debt last year, the most in any year since 2007. Total household debt rose by $1.02 trillion in 2021, to $15.6 trillion overall, the highest total ever recorded. It was boosted largely by higher...
by Daniel White | Apr 4, 2022 | Economy
April 04, 2022 Our national debt recently passed $30 trillion, and nobody cares. There was barely a blip in the mainstream media. Most Americans have no idea how much we owe or that it’s virtually impossible we’ll ever pay it off. In fact, I think the only way the...
by Daniel White | Mar 28, 2022 | Economy
March 28, 2022 There’s an old economic indicator called The Big Mac Index, which is a lighthearted analysis from The Economist that compares purchasing power parity via the price of a McDonalds Big Mac hamburger. The index compares the Big Mac price in different...
