Boomers refuse to retire; are gen XYZ and millennials are getting screwed?Photo above - MSN blames "boomers who refuse to retire" for the lack of good jobs for everyone else. Did they mean THESE guys? Okay – we’ve all seen this complaint before. Too many geezers are hanging onto their jobs after age 65. And it’s not... See More » (+1)
Is a college degree now the worst investment you can make?Photo above - a future grad begins to question the value of his humanities degree from Faber College . . . . What is your college degree (or even high school diploma) worth if you used ChatGPT to write your papers, and the professor used AI to... See More » (1)
Gold and silver have worst day in decades.Photo above - Estee Lauder heiress Jane Lauder, with a $2 billion net worth. Standing next to her is little-known future Fed Chairman Kevin Warsh. Gold bugs have declared “Warsh” on precious metals! Presumptive Fed chairman Kevin Warsh will fix... See More » (+1)
Warren Buffet’s plan to eliminate the national debt . . .Photo above - Warren Buffet serenades his model train set on Chinese New Years. But what does he have to say about the national debt? Read below . . . I always enjoy reading the financial advice of billionaires. Even if someone is older than... See More » (+1)
Gold's big rally has sparked a bearish stock-market signal that hasn't been seen in over 20 yearsPhoto above - Costco (Costco!!!!) now sells $200 million in gold coins and bars every month, as well as 50 pound bags of dog food and 200 count boxes of Kirkland disposable diapers. Is this a sign of the future, or the end? There were at least 3... See More » (+1)
Share prices of health insurers fall after the US government reduces Medicare reimbursements.Photo above – Screen shot from “The Deer Hunter”. Christopher Walken finds out his best friend is in a VA hospital back in the US . . . (Full disclosure – this writer currently holds no shares of United Healthcare. I bought some at $250 last year... See More » (+1)
Taxes and end of life healthcare. MSN explains why millennials could inherit nothing from their parents.[i]Photo above - don't be naive. the average nursing home doesn't look anything like this, and it still costs $10,000 a month. MSN says our moms and dads let us down). Despite decades of saving and mortgage payments, we (the kids) aren't likely to... See More » (+1)
Amid US economic crisis, will the Fed also prop up the Japanese Yen?Photo above - Deleted scene from "Godzilla 1954" where Japan asks the US Federal Reserve to rescue the falling Yen . . . No! Famed economist John Maynard Keynes did NOT recommend that nations run perpetual budget deficits in order to buy stuff for... See More » (+1)
Retirement experts say the US is past the point where we can fix Social SecurityPhoto above - Problem? What problem? Presidents and congress have reduced social security taxes and increased benefits repeatedly, despite warnings of insolvency. We have good news and bad news. The good news is that it will be “politically... See More » (+1)
But what are the savings? Parents shocked to learn that mostly vacant schools means closures. "This cannot happen !!!!!"Photo above - "We love our teachers!" Last time teachers went on strike (over salaries) they gave the kids free t shirts and sent them into the streets. This year the issue is closing/consolidating schools with only 60% occupancy. All dialogue... See More » (+1)
Ken Griffin says America was sent a warning from the bond market. It’s time to fix the national debt.Photo above - if your next Monopoly game looks like this, don't blame me. I've been warning about the national debt forever . . . Davos, Switzerland – it turns out this week's forum of world leaders is NOT all about the invasion of Greenland.... See More » (+1)
If we confiscated ALL the wealth from the top 1%, would it be enough to pay off our national debt?Photo above - Did you know that Gavin Newsom flew uninvited to Davos this week for a photo op? He didn't have a ticket, and apparently couldn't get in. Today I was going to link to one of those articles about wealth inequality in America. (Full... See More » (+1)
Trump signs executive order barring Wall Street investors from buying single family homes.Photo above – Trump has signed 225 executive orders since being sworn in a year ago. The new rule against wall street investors owning homes is the latest. No autopen apparent at this signing, but that does look like a $hitload of crypto meme... See More » (+1)
The average US household has 6-figure debt. Should we be worried?Photo above - are homeowners like this now the most dangerous people in America? What a long, strange trip it's been. (RIP, Bobby . . . ) I was alarmed when I read the link at bottom: “Average US household has six figure debt.” The media is... See More » (+1)
Why are rents out of sight? Affordable housing crucified again in San Francisco. Aging supermarket may prevent apartment construction.Photo above - an "iconic" San Francisco grocery store (according to locals) which should never be replaced with affordable housing. Wait . .. what? California is cancelling an apartment building to preserve a SUPERMARKET? Honestly? I through I... See More » (+1)
Bill to avert January government shutdown clears key hurdle. What could derail it? Hint - Democrat demands to defund the Dept of Homeland Security.Photo above - America hasn't had a true insurrection since John Brown decided he'd "had it up to here" with slavery. Are we overdue? For the record, I predicted this. And many other people. Predicted that America’s longest government shutdown... See More » (+1)
Who should be able to wire money outside the USA? Not welfare recipients, evidently.Photo above - wiring money to overseas relatives is fast, convenient and affordable. The better pickup locations (like this one) have "muscle" on standby to keep recipients from being robbed instantly. Hello? Xoom? Yes I’d like to wire 200 US... See More » (+1)
Wild claim: “All immigration is driving the US housing crisis” . . .Photo above - Earth to "The Hill" . . . these guys are building homes, not keeping us out of them. Can we have them put hardhats on though? Medical care in this country is insanely expensive. Let me set 2 expectations: First – I do not condone... See More » (+1)
Trump criminally charges Jerome Powell over Fed rates as high as 5%. Next up . . . cancelling all credit cards with interest rates above 10%?Photo above - upon learning that he might be facing charges over high credit card interest rates, Jamie Dimon (Chase Bank CEO) is defiant: "I'll never serve a day. Bwaaaahh . . . " First off, I do NOT expect Fed Chairman Jerome Powell to be... See More » (+1)
The numbers are in. Without tax rebates EV’s are dead. Wait . . . they’re NOT ????Photo above - the age of affordable, Asian sourced EVs has arrived. To celebrate, Jazz Radio Electro Swing (www.jazzradio.fr) has the hit song "Artichaut" by the band Chinese Man on heavy rotation. In the United States EV tax subsidies for the... See More » (+1)
How many square miles of oak trees need to be clear cut for this solar farm?Photo above - I'm only axing you this once - do you want trees, or solar panels? You can't have both. When California began rezoning its forests to turn them into solar farms, apparently the conversation went something like this: (Sacramento... See More » (+1)
Wealthy residents and businesses team up to halt affordable housing.Photo above - Steve McQueen pursues bad guys in San Francisco in the 1968 film Bullitt. Fast forward to 2025 - police can't afford to live there anymore. I was going to devote today’s column to some local town council which rejected the... See More » (+1)
Goodbye electric VW ID Buzz. You died so young, and we wanted you so much.Photo above - VW's "ID Buzz" poses for a portrait outside of some rich guy's mansion. Production was cancelled this week because most people can't afford to buy it. Okay, the first hint that things weren’t going well at VW was the ID Buzz... See More » (+1)
Wait – plug in/portable solar panels are illegal? What’s a renter to do?Photo above - 2015 film "The Martian". Astronaut Matt Damon learns that he will need to pay a $199 connect fee and wait weeks for inspections and permits before using his portable solar panel. Disclaimer – the legality of portable and plug-in... See More » (+1)
Washington governor proposes his state’s first income tax: 9.9% rate.[i]Photo above - Excelsior! The Washington State Capitol building, where legislators are debating whether to increase the personal income tax from zero to 9.9%. There is a $15 billion state budget shortfall. I wasn’t even AWARE that the state of... See More » (+1)