A Warning Sign from Consumers

A Warning Sign from Consumers

May 26, 2025 People have their favorite ways to evaluate economics. But I suggest you forget the twists of tariff policy and what pundits are saying on the news to instead focus on one thing. This one thing will help you gauge the health of the economy and influence...
Is This a Bubble?

Is This a Bubble?

March 24, 2025 In this century’s first decade, investors had an opportunity to participate in and lose money due to two spectacular bubbles. The first was the technology-driven dot-com bubble of the late 1990s that began bursting in the mid-2000s. The second was the...
The “Wealth Effect”

The “Wealth Effect”

March 17, 2025 Many folks are experiencing a “wealth effect” where they feel rich because the values of their homes and investment portfolios have risen, causing them to spend more. Technically, the “wealth effect” is when spending jumps because assets have increased....
Tariffs, Immigration, And Taxes

Tariffs, Immigration, And Taxes

February 3, 2025 Let’s talk about three key pillars of President Trump’s policy agenda: tariffs, immigration, and taxes. Tariffs have been a Trump centerpiece. He announced his intention to impose 25% tariffs on Mexico and Canada, our two largest trading partners...