September's inflation numbers were tied for the record since 2008, and were above consensus expectations yet again. With inflation being so severe and persistent, the messaging about inflation is about to change. First, it was…
Congress Faces Urgent December Deadlines
Congress is running up against another major deadline in the first few days of December. Debt ceiling. Government shutdown. Biden's Build Back Better spending plan. And still, there is no end to the disagreements in…
Will the Housing Market Pause Before it Explodes?
October continued the trend we've been seeing develop in real estate for almost two years now. Tight supply, steady demand, higher prices, and first-time home buyers getting priced out of the market. It's only a…
Biden Picks Powell for Second Term, What You…
Biden nominated Jerome Powell for a second term as chairman of the Federal Reserve. The markets reacted to this news with anticipation of the taper plan continuing as Powell is more hawkish than those who…
Heresy Financial: Does QE Actually Cause Inequality?
Given the rapidly increasing inequality over the last few decades, and given the rapidly increasing supply of money funded by the Federal Reserve, many reasonably point to quantitative easing as the source of the inequality.…
Debt, Taxes & Printing
While many people are concerned about where the government spends its money, a bigger concern is where the money comes from in the first place. Because not all forms of income for the government are…
Can Elon Musk Sell 10% of $TSLA without…
Elon Musk recently ran a poll on Twitter asking his audience if they wanted him to sell 10% of his shares in Tesla. The results and his pledge to honor the poll indicate that he…
The Cost of Money
The cost of money is arguably the most fundamental, the foundational issue that lies at the root of all economic problems. This is because the price of money is what influences economic calculation. If correct…
Heresy Financial: Zillow Dumping Thousands of Homes in…
Zillow has been making headlines due to the thousands of homes they bought at prices much higher than what they can sell them for. Many people are asking themselves whether this is a sign of…