by Daniel White | Jan 30, 2023 | Economy
January 30, 2023 As of this writing, the national debt stands at more than $31 trillion and it’s growing fast. Yet our fiscal budget deficit fell sharply in 2022. The national debt continued to rise because the government continues to spend more money than it receives...
by Daniel White | Jan 23, 2023 | Economy
January 23, 2023 Congress crafted a record federal spending bill for fiscal year 2023. The legislation totals roughly 4,000 pages (who actually read all that?!) and calls for $1.7 trillion in fresh federal government funding. It includes $772 billion for non-defense...
by Daniel White | Jan 16, 2023 | Economy
January 16, 2023 Interest rates are up, and the stock market is down. Perhaps we shouldn’t be surprised then that America’s net worth plunged in 2022, per Federal Reserve data. The descent is primarily due to weakness in the economy earlier this year and a bear market...
by Daniel White | Jan 9, 2023 | Economy
January 9, 2023 As we start 2023, everyone wants to know how high will interest rates go and if there will be a recession. Time will tell, of course. But a Federal Reserve official warned that the federal funds rate might have to hit 5-7% to get inflation under...
by Daniel White | Dec 26, 2022 | Economy
December 26, 2022 We might be in for quite a ride to nowhere with the stock market over the next several years. More specifically, I mean we might enter and remain in a sideways market. That’s when major stock indexes fluctuate up and down, but don’t create new highs...
by Daniel White | Dec 19, 2022 | Economy
December 19, 2022 According to one prominent prognosticator, your savings are at risk of succumbing to another huge crash. Yeah, sure. Who is saying this? It’s someone to take seriously. It’s someone who predicted the collapse of the housing industry and resulting...
