Commentary

Biden’s $2 Trillion Stimulus Plan – Implications For The Economy

This enormous stimulus plan will have numerous effects on the economy, including the likely loss of millions of jobs, which the media doesn’t report, so that’s what we’ll talk about today.

Commentary

Outlook 2021: Light At The End Of The Tunnel, Maybe

Over the holidays, I spent a lot of time reading forecasts for 2021 from leading economists, big banks, think tanks and other so-called experts. Coming off one of the most volatile economic years in history due to the coronavirus pandemic, I was very interested to see what forecasters were predicting for the New Year.

Commentary

Never Before, Probably Never Again Milestones of 2020

Each January 1 as we turn the page to a new year, we are inundated with articles which summarize what important things happened in the outgoing year, both good and bad. I tend to avoid writing about such lists because we all know what happened last year.

Commentary

US Poverty Rate Exploding - Parting Thoughts On 2020

With the COVID-19 pandemic spiking again, and with most federal stimulus programs having expired over the last several months, the US poverty rate is soaring at a rate never seen before. Nearly 8 million Americans have fallen into poverty over the last 5 months alone, since the government stimulus programs have largely ended.

Commentary

Government Low-Balls Inflation, Fed Promises ZIRP For Years

In today’s letter, I’ll share my comments on several topics I find interesting. For starters, do you ever wonder why the official inflation statistics are so low, compared to what we see in the grocery store, what we pay for healthcare and the cost of housing, just to name a few?

Commentary

Georgia Runoffs To Decide Direction Of The Country

The two Georgia Senate runoff races on January 5 will be among the most important elections in our lifetimes, whether you are a conservative or a liberal. As a result, enormous and unprecedented amounts of outside money are gushing into these runoffs.

Commentary

Touching On Several National Issues of Interest Today

The media seems focused on President-elect Biden and his Cabinet and inner circle appointments, whether President Trump will leave the White House peaceably, coronavirus developments, the January 5 Senate runoff races in Georgia and which party will control the Senate.

Commentary

New Retirement Bill Will Be Good News For Seniors

There is new reform legislation making its way through Congress which will significantly affect how many of us save for retirement and specifically how, and how much, we can contribute to our retirement accounts and at what ages. This is the most significant retirement saving reform legislation in years. I’ll break it all down for you below.

Commentary

Gun Sales Break Records In 2020... But Why?

Gun sales in the US have gone through the roof in 2020, especially since the widespread protests turned violent last spring in many large cities across the US. Over three million more guns have been sold since March than occurred in the same period a year ago.

Commentary

Two Huge Long-term Headwinds For US Economy

As long-time readers know, I tend to be upbeat about the economy and the stock and bond markets, and that has certainly proven to be the correct position to hold over the last 20-30 years.

Commentary

Long Forgotten Economic & Market Threat - Inflation

The US inflation rate has hovered around 1.5% over the last decade, well below the Fed’s target rate of 2% most of the time. Such low inflation for such an extended stretch is quite unusual given historical economic relationships, especially with the economy strong and the unemployment rate near historic lows late last year and earlier this year before the pandemic hit.

Commentary

Thoughts On The Economy & Soaring Bankruptcies

US Economy Suffered Record Losses in First Half 2020. August Jobs Report Came in Much Better Than Expected. Business Bankruptcies Jumped 26% in First Half 2020. Trump Boat Parades Across the Country on Saturday

Commentary

A Big Change In Fed Monetary Policy? Not Really

The Federal Reserve convenes a major economic symposium in late August each year in Jackson Hole, Wyoming, the popular ski resort. Lots of Fed officials, banking big-wigs and other financial market players attend each year, along with a collection of media correspondents who pay thousands of dollars to be there.

Commentary

Is Our National Debt $26.7 Trillion Or Only $20 Trillion?

Our total national debt today is now $26.7 trillion, the largest ever, as reported by the Treasury Department and tracked by the US Debt Clock. There is no argument over that figure. However, our total national debt is broken down into two components: “Debt Held by the Public” and “Intra-Governmental Debt.”

Commentary

Gold Is Soaring - Is Big Inflation Next?

There are numerous factors which can cause the price of gold to rise significantly, but I don’t believe inflation fears are the main driver behind gold’s recent surge. I believe it has much more to do with uncertainty and fears surrounding the COVID-19 pandemic. But I’m getting ahead of myself.