Category Archives: Economy & Markets

The President Can Put Congress On Obamacare – So Do It!

This post should strike a chord with everyone, regardless of your political persuasion. Were you angered last month when the GOP-controlled Senate failed to repeal Obamacare? I know I certainly was. Republicans have promised for seven years to “repeal and replace” Obamacare – if only voters would give them majority control of Congress and the…

Debt Ceiling Battle Will Be Extra-Dangerous This Year

As you’ve probably heard, we have another debt ceiling battle coming in September and probably early October. This is nothing new – or is it? I will argue below that this year’s debt ceiling battle has the potential to be the most dangerous in decades. For the past six months, Treasury Secretary Steven Mnuchin has…

Rural American Population is Shrinking – How Come?

The rural population across America is shrinking for the first time in at least 40 years, according to a recent report from the US Department of Agriculture. There is a deep political divide between rural and urban America, and a new poll finds this gap to be more cultural (values) than economic (jobs). A recent…

10 Best/Worst States For Making a Good Living in 2017

I ran across an interesting article back in June that ranked the 10 best and worst US states to live in for making a good living. I just haven’t had an opening to write about it until now, so here goes. The survey was conducted by MoneyRates.com and factored in state median salaries, state income…

Consumer Spending Hits 9-Year High, But All’s Not Well

There are lots of surveys and data on consumer spending – retail sales, personal consumption expenditures, same-store sales, etc., etc. – but Gallup has a monthly survey which asks a different question. Each night, Gallup asks 15,000 American households to report how much they spent the previous day, excluding spending on normal household bills and…