Author Archives: admin

The US Consumer is Starting to Crack

Even as interest rates skyrocketed over the past 18 months, a good job market and strong consumer spending kept the US economy moving. This led to hope that a soft landing was coming, where the Federal Reserve could defeat inflation … Continue reading

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The Kiplinger Letter: U.S. Banks Closed 3,000 Branches Last Year

Banks are closing branches faster than they’re opening new ones. U.S. banks closed over 3,000 branches last year while opening just 1,000. JPMorgan Chase led in branch closures last year, shuttering 144 branches, while opening 133. The trend will likely … Continue reading

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Life In America Has NEVER Been More Unaffordable Than It Is Right Now

Our standard of living is being systematically destroyed, but for a lot of years many Americans didn’t fully understand what was taking place because it was happening so slowly. But now we have reached a stage where the purchasing power … Continue reading

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Are We Being Misled by Leading Indicators?

Leading Economic Indicators See Us on Cusp of Recession Yet Again By many of the most reliable leading indicators of the U.S. economy, we are long overdue for a recession. Yet the economy stubbornly refuses to cooperate. The Conference Board … Continue reading

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The Way to Save the Dollar

As I read about the demise of the U.S. dollar’s status in world trade, I’m struck by the misdirection and irrational “thinking” employed by our politicians and bureaucrats. In this article, legislators think another law, rule or regulation will solve … Continue reading

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The Middle Class Is Increasingly Becoming “The Impoverished Class”, And The Poor Are Increasingly Being Pushed Into The Streets

America’s middle class is being systematically eviscerated. When the Federal Reserve pumped trillions of dollars into the financial system during the pandemic, most Americans didn’t realize what that would do to them. That money certainly made the wealthy a whole … Continue reading

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Welcome to the Twenty-First Century American Bankruptcy Show

Many historians labeled the twentieth century as the American century, with many metrics used. The end of the Cold War in 1989 and the fall of the Union of Soviet Socialist Republics in December 1991 changed world affairs: several new … Continue reading

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What Happens If the Government Outspends Its Ability to Pay?

What it looks like when the financial walls close in… For “Ask an Economist” this week, I have two questions from J.R. He says, “My question is what happens when the government continues to spend out of control where it … Continue reading

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The Fed: Harming the Economy for over a Century

Since its founding in 1913, the unelected central planning bureaucrats at the Federal Reserve have been given the incredible privilege of legally creating money out of thin air, which mere mortals like us are not allowed to do. They have … Continue reading

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“He ain’t never done nothin’ but get shot in Dallas. . .”

When the first shot rang out at Dealey Plaza on November 22, 1963, most bystanders didn’t even realize that it was the sound of gunfire. But Texas Governor John Connally was an avid hunter. He recognized the sound, sensed danger, … Continue reading

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