It seems in recent months the mainstream media is finally waking up to the fact that many of America’s large cities are in decline and have been trending that way for years. Crime is up significantly in most cities, and voters are revolting over the lack of public order in their streets. Left-leaning politicians are… Continue Reading
Category Archives: General Interest
Biden Wants Tax Hike On High Earners To Keep Medicare Solvent
President Biden is proposing to extend the solvency of the Medicare national healthcare program by 25 years with an increased tax rate on high income earners. Medicare, of course, is the federal health program which cares for Americans 65 and older. Over 18% of Americans are covered by Medicare. The Medicare trust fund is set… Continue Reading
Supreme Court Questions Biden Student Loan Forgiveness Plan
The Biden Administration announced last August it would forgive $10,000 in federal student debt for borrowers earning less than $125,000, or $20,000 for Pell Grant recipients. The White House has argued the Covid-19 pandemic justified student loan forgiveness because it had negatively impacted many borrowers’ finances. Student loan payments have remained paused since 2020 due… Continue Reading
Stock, Bond & Cash Returns Over The Last Century
Each year New York University (NYU) updates the average annual returns for stocks (S&P 500), bonds (10-year Treasuries) and cash (3-month T-bills) going back to 1928. I like looking at data like this because stocks, bonds and cash are the building blocks of asset allocation. Sure, you can add other asset classes and strategies, which… Continue Reading
Implications From Last Week’s Blockbuster Jobs Report
Last Friday’s jobs report for January was a stunner! The Labor Department reported a whopping 517,000 new jobs were created last month, which was more than three times the 185,000 number most forecasters were expecting. The headline unemployment rate unexpectedly fell to only 3.4% from 3.5% the previous month, and the lowest level in more… Continue Reading