9 out of 10 economists were wrong. But none were suspended or demoted. Here are their new predictions Photo above - "I'm sorry ma'am. But your dog is limping, and he's 11 years old . . ." A long time ago, America's smartest economist were asked to predict what the Federal Reserve would do next. Well, it wasn't THAT long ago. January of this year....See More »
Total world debt now equal to annual world economic output. Can we get a low-rate bill-consolidation loan to fix this? Photo above - Napoleon Bonaparte borrowed the equivalent of $25 trillion to wage war on the rest of Europe (1803-1815) Spoiler alert - he lost. We're number 1! We're number 1! Total global debt is nearly $100 TRILLON. And the US government owes...See More »
My apologies, sir. We have nothing larger than a $3 bill. Photo above - The Cuban army arrests demonstrators - in 1959. Not shown: the Cuban army arresting demonstrators again in 2024. The link below is about Cuba. If you believe in the idea of a socialist worker's paradise, please stop reading now, and...See More »
Wait – didn't Republic First Bank ALREADY fail? Oops – that was "First Republic" bank, less than a year ago. Photo above - stock image of a "Republic First" bank branch, which failed yesterday. Pennsylvania readers - do they all look like this? A cross between a Chevy dealership and a Taco Bell? How is this even legal? A bank starts calling itself...See More »
Humans 1, robots zero in latest store automation matchup. Wait . . does this mean we WON'T save "billions" in labor costs? Photo above - Walmart shopper Hazel Nutella was recently arrested for theft at a self-checkout. Hazel says her "customer experience" won't be enhanced if the store goes back to human cashiers. But she plans to apply to work there after she posts...See More »
Raise your hand if you want to pay tariffs on the solar panels you buy – in addition to getting tax rebates. Photo above - The American Association for Solar Manufacturing doesn't have an official logo yet, so I asked AI to make one for them. Who the heck is the AASMTC? And why do they want tariffs on imported solar panels? Let me guess . . . imported...See More »
Electric prices go negative in California, while gas hits $7.29 a gallon. Photo above - the California governor's mansion. Which doesn't have rooftop solar but gets free electricity courtesy of taxpayers. Congrats if you already put solar panels on your roof. I'm not going to cast shade on you. Even if you got...See More »
On what planet do burger flippers get paid $6 an hour more than school cafeteria staff? Planet California . . .! Photo above - This is Edna, high school cafeteria worker. For extra credit, name which TV show she appeared on . . . That darned $20 fast food minimum wage in California. The gift that keeps on giving. Originally intended to hoover up Mc-votes on...See More »
From homeless to $1MM crib overnight? Yowza! (No lottery ticket needed) Photo above - California here I come! The city of Santa Monica is breaking ground on new homeless apartments - at $1MM each??? "California, I'm coming home. Will you take me as I am?" (lyrics courtesy of Joni Mitchell). No, I don't have a job...See More »
How do you plan to use your $250,000 student loan forgiveness, sir? “Go to India and study meditation”. Photo above - Peace comes from within, but student loan forgiveness comes from the Biden administration . . . You can't make up stuff like this. Entitled white guy gets A QUARTER MILLION DOLLARS in student loans forgiven. Then makes plans to go to...See More »
This is why America fails at downsizing our 800 military bases around the world Picture above -The Republic of Niger. Where the USA is desperate to keep its drone airbase. Level set – I'm not against robust US defenses. However, I AM opposed to throwing billions of dollars away on innumerable far-flung bases located in all...See More »
Hat trick! 3 economic disasters just this week . . . Photo above - Can we charge this guy with election interference? He just vowed to nullify the vote by US Steel shareholders approving the sale of the company to Nippon Steel. Evidently being a stockholder carries zero rights now. Forget the NHL...See More »
California to shift funding from mental health programs to affordable housing. Photo above - Surrealist painter Rene Magritte's commentary on psychotherapy, titled "The Therapist". I was blown away when I read the link below. California Governor Gavin Newsom typically gets SO MUCH wrong. This time he's completely right. The...See More »
Billions in US government aid to . . . Samsung??? Photo above - trustworthy social media influencer compares ginormous smart phones. Don't let the 5 cameras fool you . . . these still actually make phone calls. Full disclosure – I have a new Samsung Galaxy S24+ phone (smaller than the Ultra...See More »
Tesla laying off 10% of workforce . . . just as gas prices are spiking. Photo above - I'm sooooo eager to see this hit the street. How about you? First all, even though I'm going to defend Tesla this time, it doesn't mean I approve of Elon Musk in any way. America needs entrepreneurs. We need affordable cars. We need...See More »
I want to exonerate California from its latest $20 Billion boondoggle . . . Photo above - a California state employee attempts to determine why this person is still homeless after the state spent $20 billion on the problem. (Hint - drugs might be a factor). Today's link is from the LA Times. They have a love/hate...See More »
California's minimum wage is $20. Unless your company is a donor to Governor Newsom? Photo above - one of these restaurants has a MUCH lower minimum wage than the other. Can you guess which one, and why? I get it. You can't raise a family of four, buy a tesla, and lease a 3-bedroom apartment on $15.50 an hour. So it makes perfect...See More »
Reality check: Which uses more electricity: a street lamp, or an illegal alien? Pop quiz - which of these was once mandated by the US government, until it was outlawed, and superseded with a "safer" mandate? Yes, this IS an election year. What better way to force voters to pick sides than . . . lightbulbs?? (see Fox link at...See More »
Wait – WTH!!! Living in the wrong state could TRIPLE my lifetime taxes? Photo above - "Florida man remains behind bars for driving without a license, resisting arrest, and six other charges." No word on which high tax state he fled before arriving here. He may also have been a character in "The Last of Us", or possibly...See More »
Sports update! NCAA women got higher ratings, but were paid 99% less than the men's basketball program Photo above - Pop quiz - which player do you think won the NCAA basketball ratings war this weekend? The final score - $870 million to 6 (million). That's not the point score, of course. It's what the NCAA Mens Championship was worth to network...See More »
California proposes “exit tax” if you want to leave. [i]Photo above - (Escapes of Wrath) - "Exit tax? Exit tax? Dang - we only just got here, officer." Last week we dealt with Biden's “space tax”. A get rich quick scheme intended to open the wallets of Blue Origin, Space X, and anyone else...See More »
Emergency alert – unplug your electric vehicles, turn off your air conditioning, and buy a clothesline. We're out of electricity. Photo above - America will need 40,000 miles of new high voltage lines to charge our electric cars. And a good portion of the 120,000 miles of existing lines are nearing a century old. “I'm from the government, and I'm here to help . . .” Yes,...See More »
The future of American Taxation is here! A “Space Tax” might solve the national debt, right? Photo above - "Open the pod bay doors, HAL!" "Sorry Dave, I can't do that. You failed to pay your space departure tax." I thought this was a joke when it hit my Yahoo news feed. Something left over from April Fool's Day. But noooo . . . the kids...See More »
"No rate cut for you!” (Fed Chairman Powell's “Soup Nazi” episode) Photo above - Do you need more proof that AI images are plagiarized garbage? Mudjourney created this one in response to the prompt "Fed Funds Nazi" . . . The stock market had another flash crash yesterday. At first glance I thought it might be due...See More »
The odds that the National Debt WON'T destroy us? “A million to one”, according to Bloomberg Economics. Photo above - after IBM's "Deep Blue" computer crushed grandmaster Garry Kasparov in chess, he refused to play it any more. When the computer was renamed "Watson", and crushed Ken Jennings on Jeopardy, it was banned from ever playing Jeopardy...See More »