68 months above the Fed’s 2% inflation target. Wages up 3.1%. Prices up over 4%. And both political parties want you pointing fingers at the other side while your buying power quietly disappears.
I do not agree with Elizabeth Warren often. Actually, almost never. But when she says one corporation owning your doctor, your pharmacy, and your insurance company gives them four ways to drain you when you are sick, she is describing a racket. And she helped build it.
Wall Street and Washington are both putting on a show right now, and retail investors are the ones paying for the ticket. Here is what is actually happening with NVIDIA and why the panic is exactly what someone wants you to feel.
Wall Street is gearing up to sell you Anthropic at a $1.3 trillion valuation, and the same banks advising you to buy are getting paid more if you overpay. This is the IPO game, and retail investors almost always lose it.
The Pentagon doesn’t know if its budget is $840 billion or $1.5 trillion, and Washington’s solution is to borrow the difference and hand you the bill. I am done pretending this is complicated.
Republicans spent 18 months making Solyndra a household name, dragging executives before Congress and subpoenaing the White House. Then they got power and started doing the exact same thing, only bigger. Welcome to the bipartisan scam of government picking winners with your money.
Bernie Sanders is celebrating on social media about Medicare for All like he just won something. Nobody is asking him the one question that actually matters: where does the money come from?
Jensen Huang got caught in what looks like a classic intelligence honeypot operation, and that is the part of the story that is actually getting coverage. The part being ignored is that the Commerce Department waved through a Chinese company that may not even exist.
The Democrats are threatening investigations into corporate America for siding with Trump. I am going to save you a lot of time and stress: this is pure theater, and everyone involved already knows it.
Hedge funds are blowing up everywhere right now, and the same Wall Street establishment that sold you on these things is acting bewildered. I’ve seen this con since I was new in the business in the early 1990s.
