by Daniel White | Jul 25, 2022 | Economy
July 25, 2022 I bet you can guess what one of the worst-case scenarios for the stock market, one that would make for deep losses. In fact, it’s happening right now. It’s rampant inflation. Inflation was cooking at an 8.6% annual rate in May, according to government...
by Daniel White | Jul 18, 2022 | Economy
July 18, 2022 In the 1970s, the U.S. experienced inflation to the tune of about 14%. Today we’re “only” around 8% inflation, so everything is fine, right? Not necessarily. Inflation now is coming far more quickly than in the 1970s. Consider that inflation began at...
by Daniel White | Jul 11, 2022 | Economy
July 11, 2022 It’s ironic, but it seems economists are the last to the party when it comes to the economy. For instance, Treasury Secretary Janet Yellen recently acknowledged again her misdiagnosis of inflation as transitory last year. She also said expectations of a...
by Daniel White | Jul 4, 2022 | Economy
July 4, 2022 The financial report for the Social Security program was released recently and the results are grim. The purpose of the report is to communicate the financial condition of the Social Security system over the next 75 years. The report is aimed at Congress,...
by Daniel White | Jun 27, 2022 | Economy
June 27, 2022 State governments are handing out tax breaks to residents to help with inflation. Not long ago the Canadian province of Quebec, which is like a large U.S. state, was handing out $500 to every taxpayer who earned less than $100,000 annually. But it’s not...
by Daniel White | Jun 20, 2022 | Economy
June 20, 2022 The number of billionaires in the world and their collective net worth dropped in 2022, according to Forbes. The war in Ukraine, COVID-19, and the stock market correction have all hit the billionaires big. I know, boo hoo. Please know, this isn’t an...
