Commentary

Biden Infrastructure Plan Will Hurt, Not Help, Economy

President Biden’s massive $2.25 trillion infrastructure bill is on the tracks, rolling toward what many in Washington believe will be speedy passage in the House and Senate.

Commentary

More Reasons For Economic Optimism Just Ahead

A compelling argument can be made that the 21st century US economy has been a two-decade series of disappointments.

Commentary

Government Could’ve Issued $20,000 Checks Instead Of Stimulus

The latest surveys show most Americans who are eligible to receive the new $1,400 stimulus checks included in President Biden’s latest $1.9 stimulus plan are in favor of the upcoming government payments.

Commentary

US Economy Set To Soar - $2T Stimulus Is Bad Idea

Since the Commerce Department reported in late February that 4Q Gross Domestic Product (GDP) rose a stronger than expected 4.1%, many mainstream forecasters have been raising their US growth projections for 2021.

Commentary

Inflation May Finally Jump In 2021

Following the Great Recession and financial crisis in 2008-09, the Federal Reserve responded with unprecedented money creation, which was known as “Quantitative Easing.” Since then, the Fed has created trillions of dollars in new money, which mainstream economists were certain would lead to much higher inflation.

Commentary

"SPACs" - Probably Best To Just Say NO

One of the most popular investment vehicles in recent years is the Special Purpose Acquisition Companies or “SPACs” as they’re commonly called. While SPACs have been around for years, they’ve increasingly become the investment model of choice for Wall Street firms and fund managers who promote them.

Commentary

CBO: Economy Back To Pre-COVID Level By Mid-2021

The CBO said its latest forecasts are stronger because the recession in the first half of last year was not as severe as previously reported, and the recovery which began in the second half of 2020 has been stronger than previously estimated.

Commentary

Overview: 2020 Economy Worst in 74 Years

We’ll touch on several bases today. We start with the latest news from the Commerce Department which just released its initial estimate of 4Q economic growth (or lack thereof). 2020 goes down as the worst economic year since the end of World War II.

Commentary

Leading Forecaster: Higher Inflation, Market Correction Coming

Earlier this month, one of the leading global economic forecasting groups predicted inflation will rise, potentially significantly, later this year, and the stock market will react very negatively.

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.