The Federal Reserve has a new boss, and Kevin Warsh’s opening move is telling his colleagues to stop running their mouths. After years of Fed governors cosplaying as television personalities while inflation gutted your purchasing power, I have to say it is about time.
The trillionaire outrage dominating financial media right now is not analysis. It is theater, and the people performing it are either economically illiterate or deliberately misleading you. I have had enough of watching this circus.
The U.S. and Iran just announced an interim peace deal, and already the two sides can’t agree on what’s actually in it. I’m cutting through the spin so you understand what this really means before the financial media hypes it into something it isn’t.
The SEC is tearing through investment advisory firms and finding a pattern of overbilling, hidden kickbacks, and outright fraud dressed up in professional language. I have been saying this for years, and now the regulators are finally catching up.
I have been calling this out for decades. Private equity rolls in, buys up businesses built by real people, extracts every dollar it can, and moves on. The business owners, the workers, and the communities left behind never see it coming.
The most profitable client on Wall Street is not the richest one. It is the most certain one. The investor who is absolutely convinced a position only goes up is the easiest person in the world to sell more product to.
The cable news crowd has been screaming about China invading Taiwan for years, and every day it keeps not happening. Meanwhile, China’s real crisis, a collapsing domestic economy, is getting almost zero coverage. Funny how that works.
The New York Times ran a Father’s Day essay that had nothing to do with fatherhood. I want to talk about a different Father’s Day message, one that’s 150 years old and more relevant than anything in today’s media.
I am going to call out something that has infected political commentary the same way junk fees infected the financial industry. It is whataboutism, it is intellectually dishonest, and the people running it on you every night are laughing all the way to their next contract renewal.
A study identified something the financial industry has been quietly doing for decades, and it proves what I have been saying for years. If you are not already wealthy enough to impress a big firm’s account minimums, they have already written you off.
