July 2024 Two stories in the Wall Street Journal today caught my attention and really shook me up. They illustrate the critical importance of financial responsibility and the consequences of poor money management. Long-time listeners know I don’t sugarcoat things. Today’s column will be no different. The Cost of Inaction The first story that blew […]
Recent news stories have been disheartening, and they remind me of the end of Orwell’s Animal Farm. In the book, the reformers, the pigs, ultimately become indistinguishable from the oppressive humans they replaced. The final commandment, “All animals are equal, but some are more equal than others,” is a stark reflection of our current reality. We […]
July 2024 Recently, I’ve been interviewed on several radio shows where hosts have been asking about Jay Powell and the Federal Reserve’s stance on inflation. They were eager to point out that I had predicted the Fed wouldn’t wait for inflation to drop to 2% before lowering rates. My response? A facepalm and a simple, […]
July 2024 Today, I want to share a concept that’s been on my mind—a life hack that’s simple but incredibly powerful. I’ve been wrestling with how to get this point across, and it’s one of the most important ideas I’ve ever discussed. Life hacks are often straightforward, hiding in plain sight. Yet, we have entire […]
June 2024 Donald Trump hit for the cycle. For those unfamiliar with baseball terminology, hitting for the cycle means hitting a home run, triple, double, and single in a single game. Trump achieved the metaphorical equivalent in a recent interview. In the midst of debate week, Trump’s appearance on the “All in Podcast” was nothing […]
Do you ever feel like you’re working tirelessly every day, but it’s all for naught? That’s the feeling I had today, reminiscent of that Seinfeld episode when Newman, Jerry’s nemesis, rants about his endless mail delivery job. “The mail keeps coming, Jerry. It keeps coming.” That’s how I feel today. Two days ago on the […]
We’ve got tariffs on steroids. Trump just floated the idea of eliminating the income tax in the United States and replacing it with an all-tariff federal revenue system. The 16th Amendment in 1909 allowed for the federal income tax, and now we’re talking about a tariff system large enough to replace it. No numbers have […]
Over the years, we’ve delved into societal issues on this program. It’s not just about money; it’s about everything that relates to money and the world around us. I won’t change that approach, despite some suggestions to focus solely on Wall Street. There are more important things to discuss. Certain things in the world irk […]
It’s Jobs Friday, and CNBC has been hyping it all week. A big jobs number is expected, and everyone is on edge. But as I watched the report today, I found myself questioning why I even bother. The print blew away expectations with 272,000 jobs added, yet unemployment rose to 4%. This is pure Fugazi—fake […]
I try to catch all the stupidity in the investment world, but I can’t get everything. I’m not trying to be harsh, just giving a bit of tough love. It’s like coaching kids: you give positive reinforcement, but sometimes a swift kick in the pants is necessary. Today, I learned a new term from a […]