Over the last several years in an effort to become more politically correct, the US military has gone increasingly “WOKE.” Woke is a social term we hear more and more and I’ll talk about what it means just below. My point today is the fact that the US military has grown increasingly woke in recent… Continue Reading
Category Archives: Political & Geopolitical
Economic & Market Outlook – Still No Recession
Many economists continue to forecast a recession in the second half of this year, due primarily to the Fed’s tightening of monetary policy and higher interest rates. But that recession has not arrived yet, as government fiscal policy is still stimulative; real interest rates are not yet restrictive (the nominal yield on Treasury bills remains… Continue Reading
Federal Tax Revenues Are Plunging In Biden Economy – Why?
President Joe Biden likes to brag about the masterful job he’s doing managing the nation’s economy. Earlier this month, Mr. Biden referred to “our historic economic progress” under his administration. “Historic?” Not even close. Gross domestic product grew at an annual rate of only 1.3% in the 1Q of this year, down by half from… Continue Reading
Many Older Americans “Unretiring” Due To Inflation
Older Americans are increasingly ‘unretiring’ to deal with elevated consumer prices and worsening financial positions. According to a recent survey by Paychex, 55% of retirees who went back to work in the last year said they did so because they needed more money. Most surprising, to me at least, the survey found that 1 in 6… Continue Reading
U.S. Debt Limit Coming Faster Than Expected
Federal debt hit the allowed limit back in January. Since then, the Treasury has been paying the nation’s bills by using so-called “extraordinary measures” to find money in other places which it can use to keep the government running. When the Treasury first switched to extraordinary measures, we were told such funding would last until… Continue Reading